Monday

December 22, 2014

December 22, 2014

Posted by **boob** on Monday, October 10, 2011 at 11:53pm.

product. The manager notices that when the price for a DVD is 16

dollars, the company sells 134 units per week. When the price is

27 dollars, the number of DVDs sold decreases to 89 units per week.

Answer the following questions:

A. Assume that the demand curve is linear. Find the demand,

q

, as

a function of price,

p

.

Answer:

q

=

- calc -
**Steve**, Tuesday, October 11, 2011 at 4:23amIf q is a linear function of p, then

q = mp + b

We know from the given data

134 = 16m + b

89 = 27m + b

45 = -11m

m = -0.2444

b = 137.9111

q = -0.2444p + 137.9111

or, roughly,

q = -1/4 p + 138

**Answer this Question**

**Related Questions**

calculus - (1 pt) A new software company wants to start selling DVDs with their ...

calculus - (1 pt) A new software company wants to start selling DVDs with their ...

math - A new software company wants to start selling DVDs with their product. ...

math - A new software company wants to start selling DVDs with their product. ...

math - A new software company wants to start selling DVDs with their product. ...

math..percents - Craig wants to buy some software for his computer. The company ...

Math - 1. If a manufacturing company sells a shirt for $15 to its distributors ...

Managerial Economics - A television station is considering the sale of ...

Managerial Economics - (Economyst Only Please): A television station is ...

accounting - Mendez Company currently produces and sells 20,000 units of product...