Demand for a certain kind of SUV obeys the following equation, D(x, y) = 25,000-x -...
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Demand for a certain kind of SUV obeys the following equation, D(x, y) = 25,000-√x - 11(0.4y - 10) ³/2 where x is the price per car in dollars, y is the cost of gasoline per litre, and D is the number of cars. Suppose that the price of the car and the price of gasoline t years from now obey the following equations: x = 54,200 + 100t, y = 132 +8√t What will the rate of change of the demand be (with respect to time) 2 years from now? Demand for a certain kind of SUV obeys the following equation, D(x, y) = 25,000-√x - 11(0.4y - 10) ³/2 where x is the price per car in dollars, y is the cost of gasoline per litre, and D is the number of cars. Suppose that the price of the car and the price of gasoline t years from now obey the following equations: x = 54,200 + 100t, y = 132 +8√t What will the rate of change of the demand be (with respect to time) 2 years from now?
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ANSWER To find the rate of change of the demand with respect to time we need to calculate the deriva... View the full answer
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Legal Research Analysis and Writing
ISBN: 978-1133591900
3rd edition
Authors: William H. Putman, Jennifer Albright
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