GAL Fluvien At least one of the answers above is NOT correct. 4 of the questions remain unanswered. A manufacturer has been selling 1050 QLED televisions a week at $360 each. A market survey indicates that for each $24 discount offered to a buyer, the total number sold will increase by 240 TVs per week. We will define the variable a to represent the number of $24 discounts that are offered. We will allow a to be any real number, including decimal values. (a) Find the function p(a) which gives the price of a television in dollars, where a is the number of discounts. p(a) = 360-24a (b) Find the function q(a) which gives the quantity of televisions sold (the weekly demand), where a is the number of discounts. q(a) 1050 + 240a (c) Find the total revenue function R(a) which gives the weekly revenue in dollars, where a is the number of discounts. R(a) 378000+ 61200a-5760a2 (d) Find the value of a that will maximize the weekly revenue function R(a). Do not round your answer. The value of a to maximize weekly revenue is a = 5.3125 (e) Use your answers above to complete the following sentences. Round each answer to the nearest whole dollar. In order to maximize weekly revenue from the sale of QLED televisions, the manufacturer should discount the current price by a total of $ weekly revenue of $ The new price will be $ which will generate a (f) Still using the a variable defined above, now suppose the weekly cost in dollars is given by the function C(a) = 189000+ 28800a. Determine the value of a that will maximize the weekly profit. Do not round your answer. The value of a to maximize weekly profit is a = 2.8125 (g) Use your answers above to complete the following sentences. Round each answer to the nearest whole dollar. In order to maximize weekly profit from the sale of QLED televisions, the manufacturer should discount the current price by a total of $ profit of $ The new price will be $ which will generate a weekly Note: You can earn partial credit on this problem. Preview My Answers Submit Answers

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter2: Functions And Graphs
Section2.3: Linear Functions And Slope
Problem 106E
Question
GAL Fluvien
At least one of the answers above is NOT correct.
4 of the questions remain unanswered.
A manufacturer has been selling 1050 QLED televisions a week at $360 each. A market survey indicates that for each $24 discount offered to a buyer, the total number sold will increase by 240
TVs per week.
We will define the variable a to represent the number of $24 discounts that are offered. We will allow a to be any real number, including decimal values.
(a) Find the function p(a) which gives the price of a television in dollars, where a is the number of discounts.
p(a) = 360-24a
(b) Find the function q(a) which gives the quantity of televisions sold (the weekly demand), where a is the number of discounts.
q(a) 1050 + 240a
(c) Find the total revenue function R(a) which gives the weekly revenue in dollars, where a is the number of discounts.
R(a) 378000+ 61200a-5760a2
(d) Find the value of a that will maximize the weekly revenue function R(a). Do not round your answer.
The value of a to maximize weekly revenue is a = 5.3125
(e) Use your answers above to complete the following sentences. Round each answer to the nearest whole dollar.
In order to maximize weekly revenue from the sale of QLED televisions, the manufacturer should discount the current price by a total of $
weekly revenue of $
The new price will be $ which will generate a
(f) Still using the a variable defined above, now suppose the weekly cost in dollars is given by the function C(a) = 189000+ 28800a. Determine the value of a that will maximize the weekly
profit. Do not round your answer.
The value of a to maximize weekly profit is a = 2.8125
(g) Use your answers above to complete the following sentences. Round each answer to the nearest whole dollar.
In order to maximize weekly profit from the sale of QLED televisions, the manufacturer should discount the current price by a total of $
profit of $
The new price will be $
which will generate a weekly
Note: You can earn partial credit on this problem.
Preview My Answers
Submit Answers
Transcribed Image Text:GAL Fluvien At least one of the answers above is NOT correct. 4 of the questions remain unanswered. A manufacturer has been selling 1050 QLED televisions a week at $360 each. A market survey indicates that for each $24 discount offered to a buyer, the total number sold will increase by 240 TVs per week. We will define the variable a to represent the number of $24 discounts that are offered. We will allow a to be any real number, including decimal values. (a) Find the function p(a) which gives the price of a television in dollars, where a is the number of discounts. p(a) = 360-24a (b) Find the function q(a) which gives the quantity of televisions sold (the weekly demand), where a is the number of discounts. q(a) 1050 + 240a (c) Find the total revenue function R(a) which gives the weekly revenue in dollars, where a is the number of discounts. R(a) 378000+ 61200a-5760a2 (d) Find the value of a that will maximize the weekly revenue function R(a). Do not round your answer. The value of a to maximize weekly revenue is a = 5.3125 (e) Use your answers above to complete the following sentences. Round each answer to the nearest whole dollar. In order to maximize weekly revenue from the sale of QLED televisions, the manufacturer should discount the current price by a total of $ weekly revenue of $ The new price will be $ which will generate a (f) Still using the a variable defined above, now suppose the weekly cost in dollars is given by the function C(a) = 189000+ 28800a. Determine the value of a that will maximize the weekly profit. Do not round your answer. The value of a to maximize weekly profit is a = 2.8125 (g) Use your answers above to complete the following sentences. Round each answer to the nearest whole dollar. In order to maximize weekly profit from the sale of QLED televisions, the manufacturer should discount the current price by a total of $ profit of $ The new price will be $ which will generate a weekly Note: You can earn partial credit on this problem. Preview My Answers Submit Answers
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt