1. Solve the following application problems of linear function.
(1). 200 items are demanded at a price of $5, and 300 items are
demanded at a price of $3. Write
the demand curve.
(10 points)
(2). A firm producing video tapes has fixed costs of $6,800, and a
variable cost of 30 cents per tape. If
the video tapes
sell for $2 each, how many tapes must be sold to break-even? (14
points
Get Answers For Free
Most questions answered within 1 hours.