The demand equation for your company’s virtual reality video headsets is: p = 1000/q0.3 where q is the total number of headsets that your company can sell in a week at a price of p dollars. The total manufacturing and shipping cost amounts to $100 per headset. a. What is the greatest profit your company can make in a week, and how many headsets will your company sell at this level of profit? (Give answers to the nearest whole number.) b. How much, to the nearest $1, should your company charge per headset for the maximum profit?
Equations and Inequations
Equations and inequalities describe the relationship between two mathematical expressions.
Linear Functions
A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.
The demand equation for your company’s virtual reality video headsets is:
p = 1000/q0.3
where q is the total number of headsets that your company can sell in a week at a price of p dollars. The total manufacturing and shipping cost amounts to $100 per headset.
a. What is the greatest profit your company can make in a week, and how many headsets will your company sell at this level of profit? (Give answers to the nearest whole number.)
b. How much, to the nearest $1, should your company charge per headset for the maximum profit?
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