Mathematics, 13.12.2021 02:50 igtguith
Digital Genius manufactures a cell phone charging pad that can fully charge any cell phone that is placed on it in 15 minutes. The
analytic
department determined that at a price of $102.00 each, the demand would be 3 thousand pads, and at $62.00 each, the demand would be
13 thousand pads. Based on the
assumption that a linear relationship exists between price
and demand, the price-demand
equation is
given by
P(x) = -4x+ 114,
where x is the number of thousands of pads in demand. At what price point should they sell the pads to have a demand of 11 thousand
pads?
A. $44.00
B. $25.75
C. $28.50
D. $70.00
Answers: 1
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