The latest demand equation for your "Banjos Rock" T-shirts is given by q = -50x + 4800 where q is the number of shirts you can sell in one week if you charge x dollars per shirt. When you charge x dollars per shirt, your weekly cost function (in dollars) is given by C(x) = -1200x + 151200 (a) Find the weekly profit as a function of the price per shirt x. P(x) = (b) Determine the unit price you should charge to break even. Enter the smaller value first. You break even, when you charge dollars per shirt. or When you set the price per shirt to one of these values, your profit is dollars.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
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The latest demand equation for your "Banjos Rock" T-shirts is given by
q = -50x + 4800
where q is the number of shirts you can sell in one week if you charge x dollars per shirt. When you charge x dollars per shirt, your weekly cost function (in dollars) is given by
C(x) = -1200x + 151200
(a) Find the weekly profit as a function of the price per shirt x.
P(x) =
(b) Determine the unit price you should charge to break even. Enter the smaller value first.
You break even, when you charge
dollars per shirt.
or
When you set the price per shirt to one of these values, your profit is
dollars.
Transcribed Image Text:The latest demand equation for your "Banjos Rock" T-shirts is given by q = -50x + 4800 where q is the number of shirts you can sell in one week if you charge x dollars per shirt. When you charge x dollars per shirt, your weekly cost function (in dollars) is given by C(x) = -1200x + 151200 (a) Find the weekly profit as a function of the price per shirt x. P(x) = (b) Determine the unit price you should charge to break even. Enter the smaller value first. You break even, when you charge dollars per shirt. or When you set the price per shirt to one of these values, your profit is dollars.
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