Calculus: Early Transcendentals
8th Edition
ISBN: 9781285741550
Author: James Stewart
Publisher: Cengage Learning
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- A family plan for a cell phone has a monthly price of $75 plus $10.99 for each additional family member added beyond the primary account holder. The linear function to model the monthly cost C(x) in ($) of a family for x additional family members added is C(x)=arrow_forwardA concert will be held at the end of April. Past experience indicates when tickets are priced at $70, the average attendance is 1400 people. Each $1 increase in price results in 14 fewer people attending. Let x represent the price of a concert ticket. (A) Determine a formula for the linear function, A(x), representing the quantity of tickets sold at a price x dollars. (B) Determine a simplified formula for the revenue function, (p A)(x), where p(x)=x is the price function and A(x) is the linear function from part (A). (C) Determine the maximum revenue ALGEBRAICALLY (no graphing). What should the venue charge for a ticket to maximize revenue? Include units with your answer.arrow_forwardA small bicycle manufacturer has daily fixed costs of $1958 and each bicycle costs $78 to manufacture. Let x represent the number of bicycles manufactured and C(x) represents the cost of manufacturing. Complete parts (a) through (c). www. (a) Write a linear function that models this situation. C(x) = (b) Find C(6). Interpret your answer in the context of this problem. C(6)=. This means that the cost of manufacturing bicycles in a day is $ A (c) Find the value of x if C(x) = 2738. Express this situation using function notation, and interpret it in the context of this problem. when C(x) = 2738. This means that the cost of manufacturing bicycles in a day is $arrow_forward
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