Question: The demand equation for a certain product is given by p= 112 -0.085, where p is the unit price (in dollars) of the product

The demand equation for a certain product is given by p= 112

The demand equation for a certain product is given by p= 112 -0.085, where p is the unit price (in dollars) of the product and az is the number of units produced. The total revenue obtained by producing and selling z units is given by R = zp. Determine prices p that would yield a revenue of 7020 dollars. Note: Round the prices to two decimal places. Do not round until the final answers. Lowest such price = Highest such price =

Step by Step Solution

★★★★★

3.46 Rating (146 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Given that 112 0085 x 0 D where p is the unit price and x is number of units pr... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

The demand function for a certain product is given by p = -0.01x 2 - 0.2x + 10, where p represents the unit price in dollars and x is the quantity demanded measured in units of a thousand. Determine...

The demand function for a certain product is given by p= 500 + 1000 / q+1 Where p is the price and q is the number of units demanded. Find the average price as demand ranges from 49 to 99 units.

In this problem you will solve the non-homogeneous differential equation y" +12y + 32y = sin(e) (1) Let C and C be arbitrary constants. The general solution to the related homogeneous differential...

Harvick mistakenly failed to use the correct figures in preparing a tax return for Menard's company. The IRS saw the inaccuracies, and Menard was ordered to pay $500,000 in additional tax. What...

The demand equation for a certain product is 8p^2+q^2=1300, where p is the price per unit in dollars and q is the number of units demanded. Find dq/dp

1 1110 01) Precalculus courses / (2020SP1-MATH-1140-01) Precalculus / Module 5 / Study Plan: Quadratic Functi Plan: Quadratic Functions The demand equation for a certain product is given by p = 100...

Store: 9:20/14 10/14 answered Question 13 The demand equation for a certain product is given by p - 140 - 0.03x . where p is the unit price (in dollars) of the product and a is the number of units...

Profits from an illegal business are not taxable. Question 34 options: True False

The Cash Record and Bank Statement for Dickson Insurance are shown below. Using these two documents, complete the Bank Reconciliation on the following page. NOTES: Outstanding checks should be listed...

The demand equation for a certain product is given by P 130 0 06x 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...

The owner of a restaurant serving Continental-style entrées was interested in studying ordering patterns of patrons for the Friday-to-Sunday weekend time period. Records were maintained that...

Suppose a random variable X has a PDF which is nonzero only on the interval [ 0, 8 ) . That is, the random variable cannot take on negative values. Prove that 8. E[X] = [1-Fr(x)]dx. %3D

Speaking up is an important part of building a workplace that is free of Violence, Harassment or Discrimination ( VHD ) . If you witness or experience VHD , what options do you have? Select all...

Consider the situation of owning rental properties that local university students rent from you on an academic year basis. Develop a set of costs that you could classify as recurring and others that...

A flat-topped toy cart moves on frictionless wheels, pulled by a rope under tension T. The mass of the cart is m1. A load of mass m2 rests on top of the cart with a coefficient of static friction s....

In a manufacturing process, a transparent film is being bonded to a substrate as shown in the sketch. To cure the bond at a temperature To, a radiant source is used to provide a heat flux qo (W/m 2...

What controversy relates to the accounting for net operating loss carry forwards?

Variable and absorption costing, sales, and operating-income changes. Headsmart, a three-year- old company, has been producing and selling a single type of bicycle helmet. Headsmart uses standard...

If artivals occur according to the Polsson distribution every 20 minutes, then which of the following is NOT true?=20 amivals per hour=3 antivals per hour=120 artival per minstex=72 artivals per day

Find the probability of being dealt a hand containing 1 spade, 6 hearts, 4 diamonds, and 2 clubs. Assume that a normal deck of 52 cards is used.

If f (x, y) = x3y + 4xy4, find 2/x2 f (x, y) |(1, -1)

The pH of a solution is given by pH = - log [H+] where [H+] is the concentration of hydrogen ions (in gram atoms per liter). What is the rate of change of pH with respect to [H+]?

23. What causes astigmatismpg109

14. As we progress from bipolar cells to ganglion cells to later cells in the visual system, are receptive fields ordinarily larger, smaller, or the same sizepg109 Whypg109

24. After someone has had a stroke, would it be best (if possible) to direct stimulant drugs to the cells that were damaged or somewhere elsepg109