1. AAA Dance Shoes makes dancing shoes with leather soles. The shoes manufacture. The fixed cost for the product line is $45,000. The company has determined their demand function to be q = -200p + 30,000, where p is the price for each pair of shoes. Write the expense and revenue functions in terms of price.

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Chapter1: Making Economics Decisions
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10.5 Graph of Expense and Revenue Functions
1. AAA Dance Shoes makes dancing shoes with leather soles. The shoes cost $29 to
manufacture. The fixed cost for the product line is $45,000. The company has determined their
demand function to be q = -200p + 30,000, where p is the price for each pair of shoes. Write the
expense and revenue functions in terms of price.
2. In what shape is the graph of a revenue function?
11.01
Transcribed Image Text:10.5 Graph of Expense and Revenue Functions 1. AAA Dance Shoes makes dancing shoes with leather soles. The shoes cost $29 to manufacture. The fixed cost for the product line is $45,000. The company has determined their demand function to be q = -200p + 30,000, where p is the price for each pair of shoes. Write the expense and revenue functions in terms of price. 2. In what shape is the graph of a revenue function? 11.01
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