Question
upstudy study bank question image url

Suppose the demand for a certain brand of a product is given by \( D(p)=\frac{-p^{2}}{352}+50 \), where \( p \) is the price in dollars. If the price, in terms of the cost \( c \), is expressed as \( p(c)=4 c-16 \), find the demand function in terms of the cost.

Ask by Crawford Hilton. in the United States
Jan 30,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

The demand function in terms of cost \( c \) is: \[ D(c) = \frac{-c^2 + 8c + 1084}{22} \]

Solution

To find the demand function \( D(c) \) in terms of the cost \( c \), follow these steps: 1. **Given Functions:** - **Demand Function:** \( D(p) = \frac{-p^2}{352} + 50 \) - **Price in terms of Cost:** \( p(c) = 4c - 16 \) 2. **Substitute \( p(c) \) into \( D(p) \):** \[ D(c) = D(p(c)) = \frac{-(4c - 16)^2}{352} + 50 \] 3. **Expand and Simplify the Expression:** \[ (4c - 16)^2 = 16c^2 - 128c + 256 \] \[ D(c) = \frac{-(16c^2 - 128c + 256)}{352} + 50 = \frac{-16c^2 + 128c - 256}{352} + 50 \] 4. **Simplify the Fraction:** Factor out 16 from the numerator and denominator: \[ D(c) = \frac{-16(c^2 - 8c + 16)}{352} + 50 = \frac{-(c^2 - 8c + 16)}{22} + 50 \] 5. **Combine the Constants:** \[ 50 = \frac{1100}{22} \] \[ D(c) = \frac{-(c^2 - 8c + 16) + 1100}{22} = \frac{-c^2 + 8c + 1084}{22} \] 6. **Final Demand Function:** \[ D(c) = \frac{-c^2 + 8c + 1084}{22} \] **Therefore, the demand function in terms of cost \( c \) is:** \[ D(c) = \frac{-c^2 + 8c + 1084}{22} \]

Answered by UpStudy AI and reviewed by a Professional Tutor

error msg
Explain
Simplify this solution

Extra Insights

To find the demand function in terms of cost, we start with the given demand function: \[ D(p) = \frac{-p^2}{352} + 50 \] Next, we substitute the expression for price \( p(c) = 4c - 16 \) into the demand function. First, we calculate \( p^2 \): \[ p^2 = (4c - 16)^2 = 16c^2 - 128c + 256 \] Now we can substitute \( p^2 \) back into the demand function: \[ D(c) = \frac{-(16c^2 - 128c + 256)}{352} + 50 \] Now, we simplify it: \[ D(c) = \frac{-16c^2 + 128c - 256}{352} + 50 \] To combine the terms, we can convert \( 50 \) to have a common denominator with \( 352 \): \[ 50 = \frac{50 \times 352}{352} = \frac{17600}{352} \] Thus, we rewrite the demand function: \[ D(c) = \frac{-16c^2 + 128c - 256 + 17600}{352} \] \[ D(c) = \frac{-16c^2 + 128c + 17344}{352} \] Finally, we can simplify this expression. Factoring it out for clarity, we write: \[ D(c) = \frac{-16(c^2 - 8c + 1084)}{352} \] And simplifying further gives us: \[ D(c) = \frac{-c^2 + 8c + 1084}{22} \] Putting it all together: \[ D(c) = \frac{-c^2 + 8c + 1084}{22} \] And there we have the demand function in terms of cost \( c \).

Related Questions

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy