Revenue The market research department of the Better Baby Buggy Co. predicts that the demand equation for its buggies is given by q = −3.5p + 1330 where q is the number of buggies it can sell in a month if the price is $p per buggy. At what price (in dollars) should it sell the buggies to get the largest revenue? p = $ What is the largest monthly revenue (in dollars)? $
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.
Revenue The market research department of the Better Baby Buggy Co. predicts that the demand equation for its buggies is given by
q = −3.5p + 1330
where q is the number of buggies it can sell in a month if the price is $p per buggy. At what price (in dollars) should it sell the buggies to get the largest revenue?
p = $
What is the largest monthly revenue (in dollars)?
$
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