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Suppose that the demand for X units of a product is x = 12,000 120p where p dollars is the price per unit. Then the
Suppose that the demand for X units of a product is x = 12,000 120p where p dollars is the price per unit. Then the consumer expenditure for the product is E(p) = px = p(12,000 120p) = 12,000p 120p2. What is the instantaneous rate of change of consumer expenditure with respect to price at the following values? (a) any price p H (b) P = 15 H (C) p = 35 H
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