document.write( "Question 881317: The demand equation for a certain product is given by p = 132 - 0.015x, where p is the unit price (in dollars) of the product and x is the number of units produced. The total revenue obtained by producing and selling x units is given by R=xp.\r
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document.write( "Determine the prices that would yield a revenue of 9340 dollars\r
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document.write( "lowest price ___\r
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document.write( "highest price ___\r
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document.write( "I set up an equation 9430 = x(132-0.015x)\r
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document.write( "I thought I should solve for x and the substitute in to find p.
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document.write( "-132/(2 X -0.015) = 4400\r
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document.write( "I substituted 4400 for x in p=132-0.015x thinking I would get the a price -- $66.00 that was wrong.\r
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document.write( "I also tried to solve the above equation with the quadratic formula and couldn't come up with the answer either.
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document.write( "I put in 4400 and came up with 66 -- but that answer is neither the highest nor lowest price.
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Algebra.Com's Answer #532129 by Fombitz(32388) You can put this solution on YOUR website! \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "So then, \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "and \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " |