Problem

Economics—Price-Demand: The price-demand function for the new SwipeType keyboard is given...

Economics—Price-Demand: The price-demand function for the new SwipeType keyboard is given by

p(x ) = 35 − 0.2x

where x represents the number of units sold each day and p(x) represents the price per unit, measured in dollars.

(a) Complete the table of value for the various production levels:

x

0

10

20

30

40

50

P(x)

 

 

 

 

 

 


(b) Make a graph of p for 0 ≤ x ≤ 50.


(c) Using the domain given in part (b), write the corresponding range.


(d) Evaluate p (35) and interpret the result.

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