The market research department of a company recommended to management that the company manufacture and market a promising new product. After extensive surveys, the research team backed up the recommendation with the demand and the cost equation, respectively, x = 6000 – 30p, C = 72000 + 60x Where x is the number of units that likely to be sold at the price of p dollar per unit,C is the total cost of producing x units new product.
The market research department of a company recommended to management that the company manufacture and market a promising new product. After extensive surveys, the research team backed up the recommendation with the demand and the cost equation, respectively, x = 6000 – 30p, C = 72000 + 60x Where x is the number of units that likely to be sold at the price of p dollar per unit,C is the total cost of producing x units new product.
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section: Chapter Questions
Problem 22T: On the first part of a 350-kilometer trip, a salesperson travels 2 hours and 15 minutes at an...
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Transcribed Image Text:The market research department of a company recommended to management that the company
manufacture and market a promising new product. After extensive surveys, the research team backed up the
recommendation with the demand and the cost equation, respectively,
x = 6000 – 30p,
C = 72000 + 60x
Where x is the number of units that likely to be sold at the price of p dollar per unit, C is the total cost of
producing x units new product.
Transcribed Image Text:viewer
e) Determine the prices for which the company will not lose money
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otAJobo wan aipong a h bas
p00 or ben bmab od da
0E-0000x
odts bloe ad ol ladi
dmon si
ame b
sdi vd baviY
sod atsunsva) a song o no
f) For what prices p, the company will lose money?
sin
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