This problem has 3 parts but basically if anyone can help me figure out the revenue function i should be able to figure out the rest.
Here is the problem:
For the next five years the price of a certain bike is predicted to vary according to p(t)=300-30t+7.5t^2, where t is time in years and p(t) is price in dollars. Number of bikes sold annually at the shop is expected to follow q(t)=3000+90t-15t^2, where q(t) is the number sold and t is time in years.
So i am trying to figure out the revenue function, any and all help will be greatly appreciated. Thanks.
Here is the problem:
For the next five years the price of a certain bike is predicted to vary according to p(t)=300-30t+7.5t^2, where t is time in years and p(t) is price in dollars. Number of bikes sold annually at the shop is expected to follow q(t)=3000+90t-15t^2, where q(t) is the number sold and t is time in years.
So i am trying to figure out the revenue function, any and all help will be greatly appreciated. Thanks.