Derek and Maria are now trying to predict how much money they will raise for their club from the car wash. They determine their costs to be about $0.50 in materials to wash each car as well as their initial start-up costs of $220. They model their costs using the function c(x) = 0.5x + 220. They will charge $10 for each car wash. Additionally they received a $50 donation from one of the member's parents. They model their revenue using the function r(x) 10x + 50. = The profit from the car wash, p(x), can be determined by finding r(x) - c(x). Part A: Find the function that represents the profit from the car wash. Part B: What is the meaning of the y-intercept of p(x) in terms of the situation?

Derek and Maria are now trying to predict how much money they will raise for their club from the car wash. They determine their costs to be about $0.50 in materials to wash each car as well as their initial start-up costs of $220. They model their costs using the function c(x) = 0.5x + 220. They will charge $10 for each car wash. Additionally they received a $50 donation from one of the member's parents. They model their revenue using the function r(x) 10x + 50. = The profit from the car wash, p(x), can be determined by finding r(x) - c(x). Part A: Find the function that represents the profit from the car wash. Part B: What is the meaning of the y-intercept of p(x) in terms of the situation?

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter4: Economic Evaluation In Health Care

Section: Chapter Questions

Problem 7QAP

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