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3 Jul 2018
8. A company is planning to produce a new electric toaster. After conducting an extensive market survey, the research department provides the following information: when the unit price is $16 per toaster, then the weekly demand is 20 toasters; for every $2 decrease in the unit price, the weekly demand increases by 10 toasters. The financial department estimate that the weekly fix costs will be $140 and the variable cost of production will be $4 per toaster. Let p be the unit price and let q be weekly demand. Note: Please simplify your answers such that your answers for (b) and (c) are given by integers. (a) Find the demand function linking p and q. Answer:
8. A company is planning to produce a new electric toaster. After conducting an extensive market survey, the research department provides the following information: when the unit price is $16 per toaster, then the weekly demand is 20 toasters; for every $2 decrease in the unit price, the weekly demand increases by 10 toasters. The financial department estimate that the weekly fix costs will be $140 and the variable cost of production will be $4 per toaster. Let p be the unit price and let q be weekly demand. Note: Please simplify your answers such that your answers for (b) and (c) are given by integers. (a) Find the demand function linking p and q. Answer:
Jarrod RobelLv2
3 Jul 2018
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