Suppose a dog house manufacturer sells two types of dog houses. Let x represent the demand for the deluxe dog house, in thousands, and y represent the demand for the regular dog house, in thousands. If the price-demand functions for the two dog houses respectively are P₁ = 8.3 -0.5x – 0.2y P₂ = 70.1x 0.8y a) What is the equation of the revenue function ? R(x,y)= 0 b) What is the revenue when the demand for deluxe dog houses is 8 and regular dog houses is 9? -118,270,600 Xo thousand dollars X
Suppose a dog house manufacturer sells two types of dog houses. Let x represent the demand for the deluxe dog house, in thousands, and y represent the demand for the regular dog house, in thousands. If the price-demand functions for the two dog houses respectively are P₁ = 8.3 -0.5x – 0.2y P₂ = 70.1x 0.8y a) What is the equation of the revenue function ? R(x,y)= 0 b) What is the revenue when the demand for deluxe dog houses is 8 and regular dog houses is 9? -118,270,600 Xo thousand dollars X
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
Related questions
Question
Please circle the answer and specify the answer so that I can understand. I sent this question before and it was answered incorrectly. Please write clearly so that I can read if you write by hand. I appreciate your understanding. (The question has several steps and please specify each step and draw a circle around the answer).
Please answer the question. I personally sent you the question several times before
Please pay attention to the answer, the answer has been wrong several times and mark the answer with a circle, which section it is related to
This question has many steps. Please specify each step and which step it is related to. I appreciate you.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning