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
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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...
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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 = 7 -0.1x - 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
X
Xothousand dollars
Transcribed Image Text: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 = 7 -0.1x - 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 X Xothousand dollars
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