Intermediate Algebra: Connecting Concepts through Application

Published by Brooks Cole
ISBN 10: 0-53449-636-9
ISBN 13: 978-0-53449-636-4

Chapter 3 - Exponents, Polynomials and Functions - 3.2 Combining Functions - 3.2 Exercises - Page 248: 79

Answer

A) $60$ B) $R(p)= 0.009p^3-0.5p^2+20p$ C) $\$4,311,000$

Work Step by Step

Part A Given $$\begin{aligned} S(p) &= 0.009p^2-0.5p+20. \end{aligned}$$ When the price $p= \$100$, the number of car stereos supplied by the manufacturer is: $$\begin{aligned} S(p) &= 0.009\cdot 100^2-0.5\cdot 100+20\\ &= 60\ \text{thousand}. \end{aligned}$$ Part B The revenue function is the product of the supply function, $S$ and the price, $p$. It is given by $$\begin{aligned} R(p) &= pS(p) \\ &= p(0.009p^2-0.5p+20)\\ &=0.009p^3-0.5p^2+20p. \end{aligned}$$ Part C Set $p= 90$ to estimate the revenue. $$\begin{aligned} R(90)&= 0.009\cdot 90^3-0.5\cdot 90^2+20\cdot 90\\ &=\$4,311,000. \end{aligned}$$
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