Wednesday
May 22, 2013

Homework Help: Math

Posted by Alex on Tuesday, April 6, 2010 at 7:31pm.

A company is increasing production at the rate of 25 units per day. The daily demand function is determined by the fact that the price (in dollars) is a linear function of q. At a price of $70, the demand is 0, and 100 items will be demanded at a price of $60. Find the rate of change of revenue with respect to time (in days) when the daily production (and sales) is 20 items.

I think I know how to do the actual math, but I'm unsure how to set up the problem.
Thanks for your help!

No one has answered this question yet.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Calculus - A company is increasing production at the rate of 25 units per day. ...
Business - Company B’s demand is uniform throughout the year ...
calculus - a company maufacturing surfboards has fixed costs of $300 per day and...
calculus - A company manufacturing surfboards has fixed costs of $300 per day ...
Economics - 2. (i) The production function for a firm is given by Q = LK where Q...
math 242 - It is estimated that the demand for a manufacturer's product is ...
calculus - Use the demand function X=325(1-(6p/7p+4)) to find the rate of change...
math - In most businesses, increasing prices of products can negatively impact ...
math stats - These data are a sample of the daily production rate of fiberglass ...
Calculus - It is estimated that the demand for a manufacturer's product is ...

For Further Reading

Search
Members
Community