Polynomial Functions And Quadratic Models Worksheet - Lecture 6, University Of Florida Page 6
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12L6 - 6
ex. The unit price, p, of a new model television is a
function of the average number of units sold weekly,
x. The financial department of the manufacturer has
observed that this relationship appears to be linear.
If an average of 1000 televisions sell weekly when the
price of the unit is $500, and the demand increases
by 200 units per week when the price is lowered by
$10, find the demand function that models this rela-
tionship (assume 0
x
11, 000).
1) Find the revenue function, R(x).
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