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Mathematics, 27.11.2019 21:31 ChefCurtis

Two fraternities, sig ep and ep sig, plan to raise money jointly to benefit homeless people on long island. they will sell yoda vs. alien t-shirts in the student center, but are not sure how much to charge. sig ep treasurer augustus recalls that they once sold 140 shirts in a week at $8 per shirt, but ep sig treasurer julius has solid research indicating that it is possible to sell 420 per week at $4 per shirt.
(a) based on this information, construct a linear demand equation for yoda vs. alien t-shirts, and hence obtain the weekly revenue r as a function of the unit price x.
(b) the university administration charges the fraternities a weekly fee of $300 for use of the student center. find the weekly profit pas a function of the unit price x.

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