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soccergal12

  • 3 years ago

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?

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  1. nphuongsun93
    • 3 years ago
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    for a, 10 is correct b. p is the price. to calculate revenue, price times product sold so p*x = 10x-0.02x^2 and find this maximum c. looking it up

  2. soccergal12
    • 3 years ago
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    so i would only include 10 for part a, and not -10?

  3. nphuongsun93
    • 3 years ago
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    you can't make -10 bouquets

  4. soccergal12
    • 3 years ago
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    okay haha, yeah that makes sense. thanks!

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