Posted by **John** on Thursday, June 10, 2010 at 1:35am.

Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to benefit homeless people on Long Island. They will sell Yoda vs. Alien T-shirts in the student center, but are not sure how much to charge. Sig Ep treasurer Augustus recalls that they once sold 240 shirts in a week at $5 per shirt, but Ep Sig treasurer Julius has solid research indicating that it is possible to sell 480 per week at $2 per shirt.

(a) Based on this information, construct a linear demand equation for Yoda vs. Alien T-shirts, and hence obtain the weekly revenue R as a function of the unit price x.

(b) The university administration charges the fraternities a weekly fee of $500 for use of the Student Center.What is the weekly profit P as a function of the unit price x?

Determine how much the fraternities should charge to obtain the largest possible weekly profit.

## Answer This Question

## Related Questions

- MATH - Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to ...
- math - Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to ...
- math - Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to ...
- math - Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to ...
- Algebra - Two fraternities, Sig Ep and Ep Sig, plan to raise money jointly to ...
- Physics Sig Figs - When you are multiplying two numbers, how do you determine ...
- math - I always thought I understood significant figures...until I attempted to ...
- Chemistry- sig figs - 0.2748 Is my answer and the problem is sig figs... The ...
- How many sig figs? - An equilibrium mixture of the following reaction was found ...
- sig figs - I am having trouble with my sig figs Many scientific data are ...

More Related Questions