Suppose that the price p (in dollars) of a product is given by the demand function where
Question:
Suppose that the price p (in dollars) of a product is given by the demand function
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?
Transcribed Image Text:
18,000 – 60x 400 – x
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1800060x P 400x dp 400x60 18000 60x1 dx dt 40...View the full answer
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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
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