The market research department of the Better Baby Buggy Co. predicts that the demand equation for its buggies is given by q = −0.5p + 180 where q is the number of buggies it can sell in a month if the price is $p per buggy. At what price should it sell the buggies to get the largest revenue? HINT [See Example 3.] p = $ What is the largest monthly revenue? $
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 market research department of the Better Baby Buggy Co. predicts that the demand equation for its buggies is given by
where q is the number of buggies it can sell in a month if the price is $p per buggy. At what price should it sell the buggies to get the largest revenue? HINT [See Example 3.]
p = $
What is the largest monthly revenue?
$
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