A home improvement company expects the daily supply equation of their most popular cordless drill kit to be: S(q) = 10q2 + 100q +20 where S(q) is the price in dollars at which q units are supplied. Find the price at which the company should set the drill kit if they plan to supply 16 a day?
Accepted Solution
A:
Answer:Price of the drill kit should be set as $4180.Step-by-step explanation:Daily supply of the most popular cordless drill kit is represented by the equation S(q) = 100q² + 100q + 20where S(q) = price of the kits at which q units are supplied q = number of drill kits suppliedNow we have to calculate the price of the drill kits if company plans to supply 16 kits a day.S(16) = 10(16)² + 100(16) + 20 = 10×256 + 1600 + 20 = 2560 + 1600 + 20 = $4180Therefore, cost of the drill set should be set as $4180.