Mid­Chapter Test 2.5 to 2.8 Review.notebook
October 23, 2015
Bellwork 10-23-15
AAA Dance Shoes makes dancing shoes with leather soles. The
shoes cost $19 to manufacturer. The fixed cost for the product
line is $55,000. The company has determined their demand
function to be q = –300p + 40,000, where p is the price for each
pair of shoes. Write the expense and revenue functions in terms
of price.
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Mid­Chapter Test 2.5 to 2.8 Review.notebook
October 23, 2015
A demand function for step stools manufactured by U-Step is
q = –500p + 24,500. What is the revenue if the price per step stool is
$20?
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Mid­Chapter Test 2.5 to 2.8 Review.notebook
October 23, 2015
What is the regression equation and correlation coefficient for a
scatterplot with these points rounded to the nearest hundredths:
(7, 43), (8.5, 36), (29, 106), (65, 150), (16, 815), (10, 170)?
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Mid­Chapter Test 2.5 to 2.8 Review.notebook
October 23, 2015
Examine the graph below. Approximately, what is the maximum
revenue? At what prices does the graph appear to breakeven?
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Mid­Chapter Test 2.5 to 2.8 Review.notebook
October 23, 2015
Homework:
Study and review for your Test!
Complete any missing assignments, due by MONDAY 10-26-15!
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