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3.10 Business and Economic Applications.

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Presentation on theme: "3.10 Business and Economic Applications."— Presentation transcript:

1 3.10 Business and Economic Applications

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9 We’ll profit approximately $11.50 more if we sell 51 units. 3.10 Business and Economic Applications

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12 LINEAR

13 # of items Price per item 3.10 Business and Economic Applications

14 Profit

15 Revenue 3.10 Business and Economic Applications

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17 Demand20,00024,40030,000 Profit$23,800$24,76823,200 Marginal Profit $0.44$0.00-$0.56

18 Profit (in dollars)

19 3.10 Business and Economic Applications

20 Sub for x in the demand function 3.10 Business and Economic Applications

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23 HW 3.10/1,2,5,9,13,15,19,21,23,39 3.10 Business and Economic Applications

24 HW 3.10/1,2,5,9,13,15,19,21,23,39

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30 xPriceProfit 10290-2(0.15) 102[90-2(0.15)]-102(60)=3029.40 10490-4(0.15) 104[90-4(0.15)]-104(60)=3057.60 10690-6(0.15) 106[90-6(0.15)]-106(60)=3084.60 10890-8(0.15) 108[90-8(0.15)]-108(60)=3110.40 11090-10(0.15) 110[90-10(0.15)]-110(60)=3135.00 11290-12(0.15) 112[90-12(0.15)]-112(60)=3158.40

31 HW 3.10/1,2,5,9,13,15,19,21,23,39

32 We are back in miles

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