Tuesday

September 16, 2014

September 16, 2014

Posted by **Laly** on Friday, November 6, 2009 at 2:37pm.

A) assuming a linear relationship between price and demand, find a linear function which gives the demand for the watch in terms of its price.

B) What would be the price when the demand is 8,000?

C) What would be the demand, if the company priced the watch at $65?

- math -
**bobpursley**, Friday, November 6, 2009 at 2:50pmPrice=m*demand+b

put in both data points...

88=m2000+b

38=m12000+b

subtract the second equation from the first.

50=-10,000m

solve for m

then put either point back in the original equation, solve for b.

**Answer this Question**

**Related Questions**

math - 1) a company manufactures and sells a specialty watch. the financial ...

math - The Math-Is-Fun T-shirt Company manufactures and sells screen-printed t-...

Managerial Economic - The ABC Company manufactures AM/FM clock radios and sells ...

multiple choice / define - A transfer price is the: A. price for which a company...

calculus - A company manufactures and sells x cellphones per week. The weekly ...

accounting - "Harris Company manufactures and sells a single product. A ...

business finance - HELP ME GET STARTED ON THIS. I don't know what to do with the...

ecomonics - I am trying to understand the math part of supply and demand . I am ...

managerial economics - Exercise 1 The marketing manager has estimated the ...

Economics - Annual demand and supply for the Entronics company is given by: QD...