Suppose that the demand for Colin's kidney pies is linear in the price P. Further, assume that he can sell 100 pies when the price is $5.00 and 40 pies when the price is $10.00.(a) Determine the demand N (number of pies sold) as a function of theprice P (in dollars).(b) What is the slope of the graph of N ( P), including units? Describewhat the slope represents.(c) Determine the revenue R = N x P for prices P = 5, 6, 7, 8, 9, 10 andthen choose a price to maximize the revenue.

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Chapter3: Straight Lines And Linear Functions
Section3.3: Modeling Data With Linear Functions
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Suppose that the demand for Colin's kidney pies is linear in the price P. Further, assume that he can sell 100 pies when the price is $5.00 and 40 pies when the price is $10.00.
(a) Determine the demand N (number of pies sold) as a function of the
price P (in dollars).
(b) What is the slope of the graph of N ( P), including units? Describe
what the slope represents.
(c) Determine the revenue R = N x P for prices P = 5, 6, 7, 8, 9, 10 and
then choose a price to maximize the revenue.

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