Directions: The questio question that follows. 4 Revisit ater Alomativis given below is based on the graph. Read the graph carefully and answer the The graph given below shows the number of cars sold from a showroom in a particular month and the pice per car (in ' \( 000 \$ \) ) for those cars. Question: What is the approximate average revenue (in 0000 \$) generated per car sold byy the shownom los the models Merc and Rolls?
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- Merc: Number of cars sold = 20, Price per car = 30 ('000 $) - Rolls: Number of cars sold = 10, Price per car = 40 ('000 $) Show more…
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Let's assume that the 3,538 cars sold by Rolls-Royce in 2011 and that an average price per vehicle of $200,000 is representative of the company's offerings. The profit associated with the production and sale of Rolls-Royce vehicles is the difference between its revenue and the cost to produce the item. (a) The cost to produce the Rolls-Royce can be estimated at $250 million of fixed costs (factory maintenance, equipment leasing, labor, etc.) plus $100,000 per vehicle. Write profit P as a formula involving the price per vehicle, p, and the quantity of vehicles produced, q: P = (p - $100,000) * q. (b) Write a formula for profit P as a function of only p, using the demand model q = D(p) = 16.79p: P(p) = (p - $100,000) * 16.79p. (c) At what price does the model predict break even is attained? p* = $100,000. (d) Compute the vertex of the quadratic for D(p): The vertex of the quadratic D(p) is not provided in the given text.
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