1. Assume that demand, D, for the particular product is provided by function D = 100 - 2p, where p is price in dollars of product and D is number of products which can be sold at that price.
a. What slope of this function means in context of problem?
b. What price must be set to sell 75 items? Illustrate work.
2. Temperature may be provided in degrees Celsius or in degrees Fahrenheit. Freezing point of water is 32°F or 0°C. Boiling point of water is 212°F or 100°C.
a. Write equation of the line which illustrates relationship between degrees Fahrenheit and degrees Celsius.
b. Determine temperature in Fahrenheit when it is 17oC?
c. temperature in Celsius when it is 79oF?