Chapter 3.7, Problem 62E
BuyFindarrow_forward
Calculus (MindTap Course List)
8th Edition
James Stewart
ISBN: 9781285740621
Solutions
Chapter
Section
BuyFindarrow_forward
Calculus (MindTap Course List)
8th Edition
James Stewart
ISBN: 9781285740621
Textbook Problem
During the summer months Terry makes and sells necklaces on the beach. Last summer he sold the necklaces for $10 each and his sales averaged 20 per day. When he increased the price by $1, he found that the average decreased by two sales per day.
(a) Find the demand function, assuming that it is linear.
(b) If the material for each necklace costs Terry $6, what should the selling price be to maximize his profit?
To determine
(a)
To find:
The demand function assuming that it is linear
Explanation
1) Concept:
To find the demand function ‘
2) Given:
3) Calculation:
It is given that the demand function is linear.
So, by using slope-point formula construct the demand function.
First find the slope,
From given information
Therefore, by using formula
Simplify,
Therefore,
Therefore, by using slope-point formula
To determine
(b)
To find:
The selling price to maximize the profit if the material for each necklace costs
Chapter 3 Solutions
Sect-3.1 P-1ESect-3.1 P-2ESect-3.1 P-3ESect-3.1 P-4ESect-3.1 P-5ESect-3.1 P-6ESect-3.1 P-7ESect-3.1 P-8ESect-3.1 P-9ESect-3.1 P-10E
Sect-3.1 P-11ESect-3.1 P-12ESect-3.1 P-13ESect-3.1 P-14ESect-3.1 P-15ESect-3.1 P-16ESect-3.1 P-17ESect-3.1 P-18ESect-3.1 P-19ESect-3.1 P-20ESect-3.1 P-21ESect-3.1 P-22ESect-3.1 P-23ESect-3.1 P-24ESect-3.1 P-25ESect-3.1 P-26ESect-3.1 P-27ESect-3.1 P-28ESect-3.1 P-29ESect-3.1 P-30ESect-3.1 P-31ESect-3.1 P-32ESect-3.1 P-33ESect-3.1 P-34ESect-3.1 P-35ESect-3.1 P-36ESect-3.1 P-37ESect-3.1 P-38ESect-3.1 P-39ESect-3.1 P-40ESect-3.1 P-41ESect-3.1 P-42ESect-3.1 P-43ESect-3.1 P-44ESect-3.1 P-45ESect-3.1 P-46ESect-3.1 P-47ESect-3.1 P-48ESect-3.1 P-49ESect-3.1 P-50ESect-3.1 P-51ESect-3.1 P-52ESect-3.1 P-53ESect-3.1 P-54ESect-3.1 P-55ESect-3.1 P-56ESect-3.1 P-57ESect-3.1 P-58ESect-3.1 P-59ESect-3.1 P-60ESect-3.1 P-61ESect-3.1 P-62ESect-3.1 P-63ESect-3.1 P-64ESect-3.1 P-65ESect-3.1 P-66ESect-3.1 P-67ESect-3.1 P-68ESect-3.1 P-69ESect-3.1 P-70ESect-3.1 P-71ESect-3.1 P-72ESect-3.2 P-1ESect-3.2 P-2ESect-3.2 P-3ESect-3.2 P-4ESect-3.2 P-5ESect-3.2 P-6ESect-3.2 P-7ESect-3.2 P-8ESect-3.2 P-9ESect-3.2 P-10ESect-3.2 P-11ESect-3.2 P-12ESect-3.2 P-13ESect-3.2 P-14ESect-3.2 P-15ESect-3.2 P-16ESect-3.2 P-17ESect-3.2 P-18ESect-3.2 P-19ESect-3.2 P-20ESect-3.2 P-21ESect-3.2 P-22ESect-3.2 P-23ESect-3.2 P-24ESect-3.2 P-25ESect-3.2 P-26ESect-3.2 P-27ESect-3.2 P-28ESect-3.2 P-29ESect-3.2 P-30ESect-3.2 P-31ESect-3.2 P-32ESect-3.2 P-33ESect-3.2 P-34ESect-3.2 P-35ESect-3.2 P-36ESect-3.3 P-1ESect-3.3 P-2ESect-3.3 P-3ESect-3.3 P-4ESect-3.3 P-5ESect-3.3 P-6ESect-3.3 P-7ESect-3.3 P-8ESect-3.3 P-9ESect-3.3 P-10ESect-3.3 P-11ESect-3.3 P-12ESect-3.3 P-13ESect-3.3 P-14ESect-3.3 P-15ESect-3.3 P-16ESect-3.3 P-17ESect-3.3 P-18ESect-3.3 P-19ESect-3.3 P-20ESect-3.3 P-21ESect-3.3 P-22ESect-3.3 P-23ESect-3.3 P-24ESect-3.3 P-25ESect-3.3 P-26ESect-3.3 P-27ESect-3.3 P-28ESect-3.3 P-29ESect-3.3 P-30ESect-3.3 P-31ESect-3.3 P-32ESect-3.3 P-33ESect-3.3 P-34ESect-3.3 P-35ESect-3.3 P-36ESect-3.3 P-37ESect-3.3 P-38ESect-3.3 P-39ESect-3.3 P-40ESect-3.3 P-41ESect-3.3 P-42ESect-3.3 P-43ESect-3.3 P-44ESect-3.3 P-45ESect-3.3 P-46ESect-3.3 P-47ESect-3.3 P-48ESect-3.3 P-49ESect-3.3 P-50ESect-3.3 P-51ESect-3.3 P-52ESect-3.3 P-53ESect-3.3 P-54ESect-3.3 P-55ESect-3.3 P-56ESect-3.3 P-57ESect-3.3 P-58ESect-3.3 P-59ESect-3.3 P-60ESect-3.3 P-61ESect-3.3 P-62ESect-3.3 P-63ESect-3.3 P-64ESect-3.3 P-65ESect-3.3 P-66ESect-3.3 P-67ESect-3.3 P-68ESect-3.3 P-69ESect-3.3 P-70ESect-3.3 P-71ESect-3.3 P-72ESect-3.3 P-73ESect-3.3 P-74ESect-3.3 P-75ESect-3.3 P-76ESect-3.3 P-77ESect-3.4 P-1ESect-3.4 P-2ESect-3.4 P-3ESect-3.4 P-4ESect-3.4 P-5ESect-3.4 P-6ESect-3.4 P-7ESect-3.4 P-8ESect-3.4 P-9ESect-3.4 P-10ESect-3.4 P-11ESect-3.4 P-12ESect-3.4 P-13ESect-3.4 P-14ESect-3.4 P-15ESect-3.4 P-16ESect-3.4 P-17ESect-3.4 P-18ESect-3.4 P-19ESect-3.4 P-20ESect-3.4 P-21ESect-3.4 P-22ESect-3.4 P-23ESect-3.4 P-24ESect-3.4 P-25ESect-3.4 P-26ESect-3.4 P-27ESect-3.4 P-28ESect-3.4 P-29ESect-3.4 P-30ESect-3.4 P-31ESect-3.4 P-32ESect-3.4 P-33ESect-3.4 P-34ESect-3.4 P-35ESect-3.4 P-36ESect-3.4 P-37ESect-3.4 P-38ESect-3.4 P-39ESect-3.4 P-40ESect-3.4 P-41ESect-3.4 P-42ESect-3.4 P-43ESect-3.4 P-44ESect-3.4 P-45ESect-3.4 P-46ESect-3.4 P-47ESect-3.4 P-48ESect-3.4 P-49ESect-3.4 P-50ESect-3.4 P-51ESect-3.4 P-52ESect-3.4 P-53ESect-3.4 P-54ESect-3.4 P-55ESect-3.4 P-56ESect-3.4 P-57ESect-3.4 P-58ESect-3.4 P-59ESect-3.4 P-60ESect-3.4 P-61ESect-3.4 P-62ESect-3.4 P-63ESect-3.4 P-64ESect-3.4 P-65ESect-3.4 P-66ESect-3.4 P-67ESect-3.4 P-68ESect-3.4 P-69ESect-3.4 P-70ESect-3.4 P-71ESect-3.4 P-72ESect-3.4 P-73ESect-3.4 P-74ESect-3.5 P-1ESect-3.5 P-2ESect-3.5 P-3ESect-3.5 P-4ESect-3.5 P-5ESect-3.5 P-6ESect-3.5 P-7ESect-3.5 P-8ESect-3.5 P-9ESect-3.5 P-10ESect-3.5 P-11ESect-3.5 P-12ESect-3.5 P-13ESect-3.5 P-14ESect-3.5 P-15ESect-3.5 P-16ESect-3.5 P-17ESect-3.5 P-18ESect-3.5 P-19ESect-3.5 P-20ESect-3.5 P-21ESect-3.5 P-22ESect-3.5 P-23ESect-3.5 P-24ESect-3.5 P-25ESect-3.5 P-26ESect-3.5 P-27ESect-3.5 P-28ESect-3.5 P-29ESect-3.5 P-30ESect-3.5 P-31ESect-3.5 P-32ESect-3.5 P-33ESect-3.5 P-34ESect-3.5 P-35ESect-3.5 P-36ESect-3.5 P-37ESect-3.5 P-38ESect-3.5 P-39ESect-3.5 P-40ESect-3.5 P-41ESect-3.5 P-42ESect-3.5 P-43ESect-3.5 P-44ESect-3.5 P-45ESect-3.5 P-46ESect-3.5 P-47ESect-3.5 P-48ESect-3.5 P-49ESect-3.5 P-50ESect-3.5 P-51ESect-3.5 P-52ESect-3.5 P-53ESect-3.5 P-54ESect-3.5 P-55ESect-3.5 P-56ESect-3.5 P-57ESect-3.5 P-58ESect-3.5 P-59ESect-3.5 P-60ESect-3.6 P-1ESect-3.6 P-2ESect-3.6 P-3ESect-3.6 P-4ESect-3.6 P-5ESect-3.6 P-6ESect-3.6 P-7ESect-3.6 P-8ESect-3.6 P-9ESect-3.6 P-10ESect-3.6 P-11ESect-3.6 P-12ESect-3.6 P-13ESect-3.6 P-14ESect-3.6 P-15ESect-3.6 P-16ESect-3.6 P-17ESect-3.6 P-18ESect-3.6 P-19ESect-3.6 P-20ESect-3.6 P-21ESect-3.6 P-22ESect-3.6 P-23ESect-3.6 P-24ESect-3.6 P-25ESect-3.6 P-26ESect-3.6 P-27ESect-3.6 P-28ESect-3.7 P-1ESect-3.7 P-2ESect-3.7 P-3ESect-3.7 P-4ESect-3.7 P-5ESect-3.7 P-6ESect-3.7 P-7ESect-3.7 P-8ESect-3.7 P-9ESect-3.7 P-10ESect-3.7 P-11ESect-3.7 P-12ESect-3.7 P-13ESect-3.7 P-14ESect-3.7 P-15ESect-3.7 P-16ESect-3.7 P-17ESect-3.7 P-18ESect-3.7 P-19ESect-3.7 P-20ESect-3.7 P-21ESect-3.7 P-22ESect-3.7 P-23ESect-3.7 P-24ESect-3.7 P-25ESect-3.7 P-26ESect-3.7 P-27ESect-3.7 P-28ESect-3.7 P-29ESect-3.7 P-30ESect-3.7 P-31ESect-3.7 P-32ESect-3.7 P-33ESect-3.7 P-34ESect-3.7 P-35ESect-3.7 P-36ESect-3.7 P-37ESect-3.7 P-38ESect-3.7 P-39ESect-3.7 P-40ESect-3.7 P-41ESect-3.7 P-42ESect-3.7 P-43ESect-3.7 P-44ESect-3.7 P-45ESect-3.7 P-46ESect-3.7 P-47ESect-3.7 P-48ESect-3.7 P-49ESect-3.7 P-50ESect-3.7 P-51ESect-3.7 P-52ESect-3.7 P-53ESect-3.7 P-54ESect-3.7 P-55ESect-3.7 P-56ESect-3.7 P-57ESect-3.7 P-58ESect-3.7 P-59ESect-3.7 P-60ESect-3.7 P-61ESect-3.7 P-62ESect-3.7 P-63ESect-3.7 P-64ESect-3.7 P-65ESect-3.7 P-66ESect-3.7 P-67ESect-3.7 P-68ESect-3.7 P-69ESect-3.7 P-70ESect-3.7 P-71ESect-3.7 P-72ESect-3.7 P-73ESect-3.7 P-74ESect-3.7 P-75ESect-3.7 P-76ESect-3.7 P-77ESect-3.7 P-78ESect-3.7 P-79ESect-3.7 P-80ESect-3.8 P-1ESect-3.8 P-2ESect-3.8 P-3ESect-3.8 P-4ESect-3.8 P-5ESect-3.8 P-6ESect-3.8 P-7ESect-3.8 P-8ESect-3.8 P-9ESect-3.8 P-10ESect-3.8 P-11ESect-3.8 P-12ESect-3.8 P-13ESect-3.8 P-14ESect-3.8 P-15ESect-3.8 P-16ESect-3.8 P-17ESect-3.8 P-18ESect-3.8 P-19ESect-3.8 P-20ESect-3.8 P-21ESect-3.8 P-22ESect-3.8 P-23ESect-3.8 P-24ESect-3.8 P-25ESect-3.8 P-26ESect-3.8 P-27ESect-3.8 P-28ESect-3.8 P-29ESect-3.8 P-30ESect-3.8 P-31ESect-3.8 P-32ESect-3.8 P-33ESect-3.8 P-34ESect-3.8 P-35ESect-3.8 P-36ESect-3.8 P-37ESect-3.8 P-38ESect-3.8 P-39ESect-3.8 P-40ESect-3.9 P-1ESect-3.9 P-2ESect-3.9 P-3ESect-3.9 P-4ESect-3.9 P-5ESect-3.9 P-6ESect-3.9 P-7ESect-3.9 P-8ESect-3.9 P-9ESect-3.9 P-10ESect-3.9 P-11ESect-3.9 P-12ESect-3.9 P-13ESect-3.9 P-14ESect-3.9 P-15ESect-3.9 P-16ESect-3.9 P-17ESect-3.9 P-18ESect-3.9 P-19ESect-3.9 P-20ESect-3.9 P-21ESect-3.9 P-22ESect-3.9 P-23ESect-3.9 P-24ESect-3.9 P-25ESect-3.9 P-26ESect-3.9 P-27ESect-3.9 P-28ESect-3.9 P-29ESect-3.9 P-30ESect-3.9 P-31ESect-3.9 P-32ESect-3.9 P-33ESect-3.9 P-34ESect-3.9 P-35ESect-3.9 P-36ESect-3.9 P-37ESect-3.9 P-38ESect-3.9 P-39ESect-3.9 P-40ESect-3.9 P-41ESect-3.9 P-42ESect-3.9 P-43ESect-3.9 P-44ESect-3.9 P-45ESect-3.9 P-46ESect-3.9 P-47ESect-3.9 P-48ESect-3.9 P-49ESect-3.9 P-50ESect-3.9 P-51ESect-3.9 P-52ESect-3.9 P-53ESect-3.9 P-54ESect-3.9 P-55ESect-3.9 P-56ESect-3.9 P-57ESect-3.9 P-58ESect-3.9 P-59ESect-3.9 P-60ESect-3.9 P-61ESect-3.9 P-62ESect-3.9 P-63ESect-3.9 P-64ESect-3.9 P-65ESect-3.9 P-66ESect-3.9 P-67ESect-3.9 P-68ESect-3.9 P-69ESect-3.9 P-70ESect-3.9 P-71ESect-3.9 P-72ESect-3.9 P-73ESect-3.R P-1CCSect-3.R P-2CCSect-3.R P-3CCSect-3.R P-4CCSect-3.R P-5CCSect-3.R P-6CCSect-3.R P-7CCSect-3.R P-8CCSect-3.R P-9CCSect-3.R P-10CCSect-3.R P-11CCSect-3.R P-1TFQSect-3.R P-2TFQSect-3.R P-3TFQSect-3.R P-4TFQSect-3.R P-5TFQSect-3.R P-6TFQSect-3.R P-7TFQSect-3.R P-8TFQSect-3.R P-9TFQSect-3.R P-10TFQSect-3.R P-11TFQSect-3.R P-12TFQSect-3.R P-13TFQSect-3.R P-14TFQSect-3.R P-15TFQSect-3.R P-16TFQSect-3.R P-17TFQSect-3.R P-18TFQSect-3.R P-19TFQSect-3.R P-1ESect-3.R P-2ESect-3.R P-3ESect-3.R P-4ESect-3.R P-5ESect-3.R P-6ESect-3.R P-7ESect-3.R P-8ESect-3.R P-9ESect-3.R P-10ESect-3.R P-11ESect-3.R P-12ESect-3.R P-13ESect-3.R P-14ESect-3.R P-15ESect-3.R P-16ESect-3.R P-17ESect-3.R P-18ESect-3.R P-19ESect-3.R P-20ESect-3.R P-21ESect-3.R P-22ESect-3.R P-23ESect-3.R P-24ESect-3.R P-25ESect-3.R P-26ESect-3.R P-27ESect-3.R P-28ESect-3.R P-29ESect-3.R P-30ESect-3.R P-31ESect-3.R P-32ESect-3.R P-33ESect-3.R P-34ESect-3.R P-35ESect-3.R P-36ESect-3.R P-37ESect-3.R P-38ESect-3.R P-39ESect-3.R P-40ESect-3.R P-41ESect-3.R P-42ESect-3.R P-43ESect-3.R P-44ESect-3.R P-45ESect-3.R P-46ESect-3.R P-47ESect-3.R P-48ESect-3.R P-49ESect-3.R P-50ESect-3.R P-51ESect-3.R P-52ESect-3.R P-53ESect-3.R P-54ESect-3.R P-55ESect-3.R P-56ESect-3.R P-57ESect-3.R P-58ESect-3.R P-59ESect-3.R P-60ESect-3.R P-61ESect-3.R P-62ESect-3.R P-63ESect-3.R P-64ESect-3.R P-65ESect-3.R P-66ESect-3.R P-67ESect-3.R P-68ESect-3.P P-1PSect-3.P P-2PSect-3.P P-3PSect-3.P P-4PSect-3.P P-5PSect-3.P P-6PSect-3.P P-7PSect-3.P P-8PSect-3.P P-9PSect-3.P P-10PSect-3.P P-11PSect-3.P P-12PSect-3.P P-13PSect-3.P P-14PSect-3.P P-15PSect-3.P P-16PSect-3.P P-17PSect-3.P P-18PSect-3.P P-19PSect-3.P P-20PSect-3.P P-21PSect-3.P P-22PSect-3.P P-23PSect-3.P P-24P
Additional Math Solutions
Find more solutions based on key concepts
Show solutions addFind all possible real solutions of each equation in Exercises 3144. (x2+3x+2)(x25x+6)=0
Finite Mathematics and Applied Calculus (MindTap Course List)
Convert each expression in Exercises 25-50 into its technology formula equivalent as in the table in the text. ...
Applied Calculus
Proof Consider the line f(x)=mx+b, where m0. Use the definition of limit to prove that limxcf(x)=mc+b.
Calculus: Early Transcendental Functions
Finding the Slope of a Graph In Exercises 37-44, find the slope of the graph of the function at the given point...
Calculus: An Applied Approach (MindTap Course List)
Identify the type of curve and sketch the graph. Do not plot points. Just use the standard graphs given in Figu...
Single Variable Calculus: Early Transcendentals, Volume I
If f(x) = xesin x find f(x). Graph f and f on the same screen and comment.
Calculus: Early Transcendentals
Using Special Product Formulas Multiply the algebraic expressions using a Special Product Formula and simplify....
Precalculus: Mathematics for Calculus (Standalone Book)
Assume that all the given functions are differentiable. 48. If z = 1y[f(ax + y) + g(ax y)], show that 2zx2=a2y...
Multivariable Calculus
What value is represented by the uppercase letter N? a. the number of scores in a population b. the number of s...
Essentials of Statistics for The Behavioral Sciences (MindTap Course List)
You have developed a series of questions to measure job satisfaction of bus drivers in New York City. A random ...
Essentials Of Statistics
One sample of n = 12 scores has a mean of M = 7 and a second sample of n = 8 scores has a mean of M = 12. If th...
Statistics for The Behavioral Sciences (MindTap Course List)
Determine whether f is even, odd, or neither. If you have a graphing calculator, use it to check your answer vi...
Single Variable Calculus
In Exercises 1124, find the indicated limits, if they exist. 21. limxx2x21
Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach
Solve the equations in Exercises 126. 1x211+1=0
Finite Mathematics
A computer disk storage device has ten concentric tracks, numbered 1, 2,..., 10 from outermost to innermost, an...
Probability and Statistics for Engineering and the Sciences
In each of the following problems, the binomial distribution will be used. Answers may vary slightly depending ...
Understanding Basic Statistics
In Exercises 71 to 82, determine whether each of the sets is a well-defined set. The set consisting of the best...
Mathematical Excursions (MindTap Course List)
For Problems 51-66, use an algebraic approach to solve each problem. Objective 2 Barry sells bicycles on a sala...
Intermediate Algebra
Triangle ABC is inscribed in circle O; AB=5, BC=6, and AC=7. a Which is the largest minor arc of O: AB, BC, or ...
Elementary Geometry For College Students, 7e
Problems 45-48 involve three variables. Solve them with the simplex method, Excel, or some other technology. 4...
Mathematical Applications for the Management, Life, and Social Sciences
Round 27.2847 to the nearest a. tenth and b. hundredth.
Elementary Technical Mathematics
Minimum Area A rectangular page is to contain 36 square inches of print. The margins on each side are to be 112...
Calculus of a Single Variable
For what values of p is each series convergent? 33. n=1(1)nn+p
Single Variable Calculus: Early Transcendentals
Label each of the following statement as either true or false. 6. Let a and b be integers with a0 such that ab ...
Elements Of Modern Algebra
13. When multiplying fractions, cancellation is the shortcut process of finding common factors that ___________...
Contemporary Mathematics for Business & Consumers
Verify that (12,32) lies on the graph of the unit circle.
Trigonometry (MindTap Course List)
Evaluate: 12x21xdx. a) 322 b) 2+21 c) 4+2 d) 14
Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th
True or False: If y1 and y2 are linearly independent solutions to P(x)y″ + Q(x)y′ + R(x)y = 0, then all solutio...
Study Guide for Stewart's Multivariable Calculus, 8th
Writing the Terms of a Sequence In Exercises 5-10, write the first five terms of the sequence with the given nt...
Calculus: Early Transcendental Functions (MindTap Course List)
What type of quadrilateral ABCD is represented if its vertices are A0,0, Ba,0, Ca+b,c, and Db,c?_
Elementary Geometry for College Students
In Exercises 15-22, use the laws of logarithms to solve the equation. log(x+7)log(x2)=1
Finite Mathematics for the Managerial, Life, and Social Sciences
Modeling DataA meteorologist measures the atmospheric pressure P (in kilograms per square meter) at altitude h ...
Multivariable Calculus
Numerical and Graphical Analysis In Exercises 3-6, complete the table and use the result to estimate the limit....
Calculus (MindTap Course List)
A tennis shop sells five different brands of rackets, each of which comes in either a midsize version or an ove...
Introduction To Statistics And Data Analysis
What is a system of nonlinear equations? Give an example to support your answer.
College Algebra (MindTap Course List)
Explain the general advantages and disadvantages of between-subjects design compared to within-subjects design.
Research Methods for the Behavioral Sciences (MindTap Course List)
Add the terms in the following expressions. a3+2a2
Mathematics For Machine Technology
Suppose a random sample of size 50 is selected from a population with = 10. Find the value of the standard err...
Statistics for Business & Economics, Revised (MindTap Course List)
Distinguish between a hypothesis and a prediction.
Research Methods for the Behavioral Sciences (MindTap Course List)
Nielsen Media Research provided the list of the 25 top-rated single shows in television history (The World Alma...
STATISTICS F/BUSINESS+ECONOMICS-TEXT
