Essay
AAA Dance Shoes makes dancing shoes with leather soles.The shoes cost $29 to manufacturer.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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E = -5,800p + 915,000;R = -200...View Answer
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Correct Answer:
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