A product is introduced and t months later, its unit price is p(t) hundred dollars, where a.
Question:
A product is introduced and t months later, its unit price is p(t) hundred dollars, where
a. For what values of t is the price increasing? When is it decreasing?
b. When is the price decreasing most rapidly?
c. What happens to the price in the long run (as t → + ∞)?
Transcribed Image Text:
P In(t+1) t + 1 +5
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Note that the domain is t 1 a b T...View the full answer
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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