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Question 121745: 1. In this problem, we will analyze the profit found for sales of decorative tiles. A demand equation (sometimes called a demand curve) shows how much money people would pay for a product depending on how much of that product is available on the open market. Often, the demand equation is found empirically (through experiment, or market research).
a. Suppose that a market research company finds that at a price of p = $20, they would sell x = 42 tiles each month. If they lower the price to p = $10, then more people would purchase the tile, and they can expect to sell x = 52 tiles in a month’s time. Find the equation of the line for the demand equation. Write your answer in the form p = mx + b. (Hint: Write an equation using two points in the form (x,p)).
Click here to see answer by jim_thompson5910(28504) |
Question 121746: A company’s revenue is the amount of money that comes in from sales, before business costs are subtracted. For a single product, you can find the revenue by multiplying the quantity of the product sold, x, by the demand equation, p.
b. Substitute the result you found from part a into the equation R = xp to find the revenue equation. Provide your answer in simplified form.
Click here to see answer by jim_thompson5910(28504) |
Question 121754: You can find the percent of growth in Home Depot’s sales from 2002 to 2006, follow these steps:
·Find the increase in sales from 2002 to 2006.
·Find what percent that increase is of the 2002 sales.
2. What was the percent growth in Home Depot’s sales from 2002 to 2006? Do all your work by using scientific notation.
Click here to see answer by jim_thompson5910(28504) |
Question 121935: SOLVE AND SHOW THE EQUATIONS USED FOR THE SOLUTION
A COFFEE MERCHANT HAS COFFEE BEANS THAT SELL FOR $9 PER POUNDS AND $12 PER POUNDS. THE TWO TYPES ARE TO BE MIXED TO CREAT 100 LB OF A MIXTURE THAT WILL SELL FOR $11.25 PER POUND. HOW MUCH OF EACH TYPE OF BEAN SHOULD BE USED IN THE MIXTURE?
Click here to see answer by stanbon(57246) |
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