SOLUTION: If I have a formula P= -17Q + 2275 how do I express this in terms or Revenue (R) and Quantity (Q)?
I am stuck on where to begin in solving this.
Can you please help me work t
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I am stuck on where to begin in solving this.
Can you please help me work t
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Question 62401: If I have a formula P= -17Q + 2275 how do I express this in terms or Revenue (R) and Quantity (Q)?
I am stuck on where to begin in solving this.
Can you please help me work through this.
thanks
Craig Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! If I have a formula P= -17Q + 2275 how do I express this in terms or Revenue (R) and Quantity (Q)?
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R usually stands for Revenue; maybe your P is price and you Q is quantity.
Can solve for Q as follows:
17Q = 2275-P
Q=(2275-P)/17
Now Revenue may be (price)(quantity).
If it is:
Revenue = PQ
R=(-17Q+2275)((2275-P)/17)
This is a mess; I'll leave it to you.
Cheers,
Stan H.
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