A bicycle dealer has found that if 10-speed bicycles are sold for x dollars each and the
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A bicycle dealer has found that if 10-speed bicycles are sold for x dollars each and the price of gasoline is y cents per gallon, approximately F(x, y) bicycles will be sold each month, where
Currently, the bicycles sell for $324 apiece and gasoline sells for $3.80 per gallon. Use marginal analysis to estimate the change in the demand for bicycles that results when the price of bicycles is kept fixed but the price of gasoline decreases by 1 cent per gallon.
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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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