mathdad
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Production Cost The price p, in dollars, of a certain product and the quantity x sold obey the demand equation P=-1/4x+100, 0 ≤ x ≤ 400. Suppose that the cost C, in dollars, of producing x units is C = sqrt{x}/25+600. Assuming that all items produced are sold, express the cost C as a function of the price p.
Solution:
p = -1/4x+100
(p - 100) = (-1/4)x
(p - 100)/(-1/4) = x
-4p + 400 = x
C(p) = [sqrt{-4p + 400)/25] + 600
Yes?
Solution:
p = -1/4x+100
(p - 100) = (-1/4)x
(p - 100)/(-1/4) = x
-4p + 400 = x
C(p) = [sqrt{-4p + 400)/25] + 600
Yes?
Last edited: