Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with a math problem. View screenshot below for the question. The price, p, in dollars, for an item depends on the quantity sold,

Need help with a math problem. View screenshot below for the question.

image text in transcribed
The price, p, in dollars, for an item depends on the quantity sold, (1, and is given by the demand function: _ = 4945 D01) p (q+3)2. What is the average rate of change of this function between the quantities q = 20 and q = 40? (Please read that twice to make sure you use the correct approach) To ensure your answer is scored/ graded correctly, round any values of price (12) that you get to the nearest penny, and use those rounded values in your computations. Answer: The price per item, 1) , of the item is changing, on average, by :] 4 Select an answer (Round to 2 decimal places for the numerical answer.) dollars dollars per item, per item er your numerical value in the box and choose the most apppriate items per dollar, per item from the drop down list. If your result is negative, don't forget to include items > Next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finite Mathematics

Authors: Stefan Waner, Steven Costenoble

7th Edition

133751554X, 9781337515542

More Books

Students also viewed these Mathematics questions

Question

Always have the dignity of the other or others as a backdrop.

Answered: 1 week ago