Saturday
April 19, 2014

Homework Help: math

Posted by Roseanne on Tuesday, October 23, 2012 at 9:01pm.

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 70 shirts in a week at $9 per shirt, but Ep Sig treasurer Julius has solid research indicating that it is possible to sell 420 per week at $4 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.



R(x) =



.

(b) The university administration charges the fraternities a weekly fee of $200 for use of the Student Center. Find the weekly profit P as a function of the unit price x. HINT [See Example 4.]



P(x) =



.


Determine how much the fraternities should charge to obtain the largest possible weekly profit.
x = $ . per T-shirt

What is the largest possible weekly profit?
$

Answer this Question

First Name:
School Subject:
Answer:

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 check please - A spring has stiffness of 100Nmm, the initial compression of...
math - I always thought I understood significant figures...until I attempted to ...
Spring stiffness - A spring has stiffness of 100Nmm, the initial compression of ...
physics - Two point charges of the same magnitude but opposite signs are fixed ...

Search
Members