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soccergal12
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the demand function for maria's flower shop can be modeled by p(x) = 20  0.02x, where x is the number of bouquets she makes and sells. the cost function is given by C(x) 10 + 2x + 0.1x^2.
(a) find the # of bouquets she has to make to minimze the average cost of one bouquet.
(b) fnd the values of x and p that maximize the revenue.
(c) find the plastic elasticity for the values of x from part (b)
for part a, i got x = 10, 10 ... where do i go from here. and what would the endpoints be?
 2 years ago
 2 years ago
soccergal12 Group Title
the demand function for maria's flower shop can be modeled by p(x) = 20  0.02x, where x is the number of bouquets she makes and sells. the cost function is given by C(x) 10 + 2x + 0.1x^2. (a) find the # of bouquets she has to make to minimze the average cost of one bouquet. (b) fnd the values of x and p that maximize the revenue. (c) find the plastic elasticity for the values of x from part (b) for part a, i got x = 10, 10 ... where do i go from here. and what would the endpoints be?
 2 years ago
 2 years ago

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nphuongsun93 Group TitleBest ResponseYou've already chosen the best response.1
for a, 10 is correct b. p is the price. to calculate revenue, price times product sold so p*x = 10x0.02x^2 and find this maximum c. looking it up
 2 years ago

soccergal12 Group TitleBest ResponseYou've already chosen the best response.0
so i would only include 10 for part a, and not 10?
 2 years ago

nphuongsun93 Group TitleBest ResponseYou've already chosen the best response.1
you can't make 10 bouquets
 2 years ago

soccergal12 Group TitleBest ResponseYou've already chosen the best response.0
okay haha, yeah that makes sense. thanks!
 2 years ago
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