Revenue and profit functions. A company manufactures 10 - and 3 - speed bicycles. The weekly demand
Question:
p = 230 - 9x + y
q = 130 + x - 4y
C(x,y)=200 + 80A- + 30y
where $p is the price of a 10-speed bicycle, $q is the price of a 3-speed bicycle..Y is the weekly demand for 10 - speed bicycles, v is the weekly demand for 3 - speed bicycles, and C(x, y) is the cost function. Find Rx( 10,5) and 7,(10,5), and interpret the results.
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Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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