Math Final Need Help With Understanding the Questions and How to Solve it

SoccerBoss
Category:
Algebra
Price: $15 USD

Question description

The rocket shoe manufacturing company has found that the cost of manufacturing their line of slam dunk super sneakers decreases linearly from a cost of $20 per pair for making 1000 pairs per day, at a rate of $1 per pair for every additional thousand pairs made per day. At the 1000 pair per daymanufacturing rate, they can sell all they make for $90 per pair. For every additional thousand pairs per day they try to sell they have to reduce the price another $10 per pair for all of them. The company wants to know how many pairs per day they can make and still get at least twice the manufacturing cost for them. 

Plot these functions on a coordinate system

Write the equations for cost of manufacture and selling price versus number of thousands of pairs of shoes manufactured. Use X for the independent variable and you for the dependent variable in both cases.

What equations would you use to find the point where selling price is exactly twice manufacturing cost? What will be the per pair manufacturing cost and selling price at this point?

After the Rocket Shoe Company set up the above manufacture and selling price schedules, they got a huge order from a famous nation-wide department store chain offering to buy 9 thousand pairs of Slam-Dunk Super Sneakers a day, at the stated usual price reduction of $1 per pair per thousand.

Decide from your equations if the Rocket Shoe Manufacturing Company can make money on this deal.

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: Rice University
PREMIUM TUTOR
Studypool has helped 1,244,100 students
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1829 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors