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A paint store sells 270 cans of paint per month at a price $32 each. A customer survey indicates that for each $1.20 decrease in price, sales will increase by 6 cans of paint. Determine the demand, or price, function.
 one year ago
 one year ago
A paint store sells 270 cans of paint per month at a price $32 each. A customer survey indicates that for each $1.20 decrease in price, sales will increase by 6 cans of paint. Determine the demand, or price, function.
 one year ago
 one year ago

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IsTimBest ResponseYou've already chosen the best response.1
My answer is 0.2x, but the actual answer is 860.2x.
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
First, I found m thru m=1.20/6=0.2 Then I gound m by 1.20=(0.2)6+b
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
Don't give a medal please! I need assistance!
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
Please! This question is relatively simple.
 one year ago

Mimi_x3Best ResponseYou've already chosen the best response.1
looks like a minimum/maximum problem..
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
No, even easier than that.
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
Please, anyone, tell me how to achieve the correct answer.
 one year ago

Mimi_x3Best ResponseYou've already chosen the best response.1
lol, i think there's a formula for it..which i cant remmember.. but i found this on google: http://en.allexperts.com/q/Calculus2063/2010/7/RateChange3.htm
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
You looked up the actual question. Huh.
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
The real answer is 860.2x.
 one year ago

Mimi_x3Best ResponseYou've already chosen the best response.1
The formula to solve this is \(P(x) = R(x) C(x)\), right?
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
It's the price function here.
 one year ago

Mimi_x3Best ResponseYou've already chosen the best response.1
well, whats the formula to solve this? I might be able to work backwards; since i cant remmeber how to do these..
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
Well, it's reall just y=mx+b that we're looking at, with slope nad b sought for.
 one year ago

Ishaan94Best ResponseYou've already chosen the best response.1
but this isn't continuous function is it? you cant' sell 270.3333 cans can you?
 one year ago

IsTimBest ResponseYou've already chosen the best response.1
The answer in the textbook is 860.2x.
 one year ago

Ishaan94Best ResponseYou've already chosen the best response.1
shouldn't the constant term be 270 not 86. as you start from the 270 figure not 86... the negative sign might have been because of the decrease.
 one year ago
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