Based upon market research, the Hawthorne Company has determined that consumers are willing to purchase 120 units of their portable media player each week when the price is set at $37.20 per unit. At a unit price of $9.70, consumers are willing to buy 395 units per week. (a) Determine the weekly demand equation for this product, assuming price, p, and quantity, x, are linearly related р3 (b) Determine the weekly revenue function R(x) = (c) Determine the number of units consumers will demand weekly when the price is $24.80 per portable media player. units (d) Determine the number of units consumers will demand weekly when the revenue is maximized units (e) Determine the price of each unit when the revenue is maximized. dollars

Based upon market research, the Hawthorne Company has determined that consumers are willing to purchase 120 units of their portable media player each week when the price is set at $37.20 per unit. At a unit price of $9.70, consumers are willing to buy 395 units per week. (a) Determine the weekly demand equation for this product, assuming price, p, and quantity, x, are linearly related р3 (b) Determine the weekly revenue function R(x) = (c) Determine the number of units consumers will demand weekly when the price is $24.80 per portable media player. units (d) Determine the number of units consumers will demand weekly when the revenue is maximized units (e) Determine the price of each unit when the revenue is maximized. dollars

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.

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