3, and don't neglect endpoints.] (Round your answer to the nearest cent.) p =. $ per lb b) How much tuna will it sell per month at that price? q= (c) What will be its resulting revenue? (Round your answer to the nearest dollar.) $/ month =
3, and don't neglect endpoints.] (Round your answer to the nearest cent.) p =. $ per lb b) How much tuna will it sell per month at that price? q= (c) What will be its resulting revenue? (Round your answer to the nearest dollar.) $/ month =
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 3SE: The Oxford Dictionary defines the word nominal asa value that is “stated or expressed but...
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Assume that the demand for tuna in a small coastal town is given by
p =
,
450,000 |
q1.5 |
where q is the number of pounds of tuna that can be sold in a month at p dollars per pound. Assume that the town's fishery wishes to sell at least 5,000 pounds of tuna per month.
(a) How much should the town's fishery charge for tuna to maximize monthly revenue? HINT [See Example 3, and don't neglect endpoints.] (Round your answer to the nearest cent.)
p =. $ per lb
b) How much tuna will it sell per month at that price?
q=
(c) What will be its resulting revenue? (Round your answer to the nearest dollar.)
$/ month =
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