Mathematics, 25.08.2020 18:01 Wocking310

Digital Genius manufactures a cell phone charging pad that can fully charge any cell phone that is placed on it in 15 minutes. The analytics department determined that at a price of $103.00 each, the demand would be 6 thousand pads, and at $53.00 each, the demand would be 16 thousand pads. Based on the assumption that a linear relationship exists between price and demand, the price-demand equation is given by y=(-15x)+133

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 14 thousand pads?
1.$63.00
2.$26.60
3.$23.80
4.$70.00

Answers: 3

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