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 2 years 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.
 2 years 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.

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IsTim
 2 years ago
Best ResponseYou've already chosen the best response.1My answer is 0.2x, but the actual answer is 860.2x.

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

IsTim
 2 years ago
Best ResponseYou've already chosen the best response.1Don't give a medal please! I need assistance!

IsTim
 2 years ago
Best ResponseYou've already chosen the best response.1Please! This question is relatively simple.

Mimi_x3
 2 years ago
Best ResponseYou've already chosen the best response.1looks like a minimum/maximum problem..

IsTim
 2 years ago
Best ResponseYou've already chosen the best response.1No, even easier than that.

IsTim
 2 years ago
Best ResponseYou've already chosen the best response.1Please, anyone, tell me how to achieve the correct answer.

Mimi_x3
 2 years ago
Best ResponseYou've already chosen the best response.1lol, 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

IsTim
 2 years ago
Best ResponseYou've already chosen the best response.1You looked up the actual question. Huh.

IsTim
 2 years ago
Best ResponseYou've already chosen the best response.1The real answer is 860.2x.

Mimi_x3
 2 years ago
Best ResponseYou've already chosen the best response.1The formula to solve this is \(P(x) = R(x) C(x)\), right?

IsTim
 2 years ago
Best ResponseYou've already chosen the best response.1It's the price function here.

Mimi_x3
 2 years ago
Best ResponseYou've already chosen the best response.1well, whats the formula to solve this? I might be able to work backwards; since i cant remmeber how to do these..

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

Ishaan94
 2 years ago
Best ResponseYou've already chosen the best response.1but this isn't continuous function is it? you cant' sell 270.3333 cans can you?

IsTim
 2 years ago
Best ResponseYou've already chosen the best response.1The answer in the textbook is 860.2x.

Ishaan94
 2 years ago
Best ResponseYou've already chosen the best response.1shouldn'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.
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