A business has found that it can sell 670 items if it sets its price...
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Algebra
A business has found that it can sell 670 items if it sets its price to $66.91. However, if it lowers its price to $43.71, it can sell 950 items.(a) Find the linear demand equation (price function) for selling x items. (round to 4 decimal places)p(x)=?It costs the business $11.86 per item to produce and they have $2,150 in overhead each month.(b) Find the linear Cost, and quadratic Revenue and Profit functions for producing/selling x items: (round to 4 decimal places)C (x)___x+ _____R(x)=____x+ _____x+______P(x)=____x+______x+______(c) Consider the maximum profit the company can make:To maximize their profit, they should sell _______items at a price of $_______each and they will make $_____ in profit.
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