Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A dealer in French wine calculates that local customers will purchase approximately D ( p ) = p 2 4 3 7 4 bottles of
A dealer in French wine calculates that local customers will purchase approximatelyD(p)=p24374
bottles of the wine per week when the price is p dollars per bottle. It is also projected that t weeks from now, the price of French wine will bep(t)=0.02t2+0.1t+6 dollars per bottle.
a. What will be the rate of change in demand for wine with respect to the price when the price is $9 per bottle?
b. What will be the rate of change in demand for wine with respect to time 10 weeks from now? Will the demand be on the rise or fall at this time?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started