Question: A companys pricing schedule in Table 1.5 is designed to encourage large orders. (A gross is 12 dozen.) Find a formula for: (a) q as

A company’s pricing schedule in Table 1.5 is designed to encourage large orders. (A gross is 12 dozen.) Find a formula for: 

(a) q as a linear function of p. 

(b) p as a linear function of q.


Table 1.5

q (order size, gross) p (price/dozen) 3 4 5 6 15 12 

q (order size, gross) p (price/dozen) 3 4 5 6 15 12 9 6

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