Suppose that the price p (in dollars) of a product is given by the demand function where

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Suppose that the price p (in dollars) of a product is given by the demand function

18,000 – 60x 400 – x

where x represents the quantity demanded and x < 300. If the daily demand is decreasing at a rate of 20 units per day, at what rate is the price changing when the price per unit is $30?

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Nov 06, 2020 05:59 AM

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Suppose that the price p (in dollars) of a product is given by the demand function where

Question:

18,000 – 60x 400 – x

Step by Step Answer:

1800060x P 400x dp 400x60 18000 60x1 dx dt 40...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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