-0.5x + 251.3 = 2x 998.7
1250 = 2.5x
500 = x
S(500) = 2*500 998.7 = 1000 998.7 = 1.30
Notice that we were selling for 1.17 in Example 1.1 indicating we missed the mark
on price and are undercutting ou
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Problem #1. to pm. Do not use a calculator. Show the a g c 3
Determine the point of intersection of the following pair of straight lines:
1
-3 =2
2
Sx+4y=l
Multiply equation (I) by 2 9 x-by =' 4 -) x
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Modulate-3.1 already Imowtt
1 = -0.5x + 251.3
-250.3 = -0.5x
x = 500.6
Therefore, a $0.30 drop (or a 23% reduction in price) only leads to an extra demand of 0.6 yo-yos!
(Well, inelastic demand is an unrealistic result here, but
MATH 371 Assignment 2
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MATH 371 Assignment 1 NAME: Amanda Gates
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MATH 371 EXAM 1
NAME_
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1) 15 pts A flu epidemic hits a large city. Each resident of the city is either sick, we
MATH 371 EXAM 2 FALL 2010 NAME_Vernon Darby_
1) Section 13.1 - 16 pts Consider the function
f ( x)
x2
1 x
a) Determine the critical points. (Apply the quotient rule carefully to find derivative.)
b)
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MATH 371 Assignment 10
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