Ask your own question, for FREE!
Mathematics 10 Online
OpenStudy (anonymous):

The manager of a men's store can sell 43 pairs of socks at a price of $1.05 per pair. If the price is $0.61, he can sell 65 pairs. The total cost to purchase x pairs of socks is c(x)=0.75x+10.5 dollars. Assuming the demand function is linear, find an equation for D(x).

OpenStudy (anonymous):

is that supposed to be c(x) = .75x+10.5?

OpenStudy (anonymous):

Oh yes! Sorry

OpenStudy (anonymous):

so we need to look at the pairs sold as the y-axis and the price as the x-axis. so we can say that there are two points (.61,65) as (x1,y1) and we can say that (1.05,43) is (x2,y2) you can use this to find the slope of the line. plug in one of the two points to find the equation. y = mx + b m = (((x1+x2)/2),((y1+y2)/2))

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!