Question
The demand function for Sportsman 5x7 tents is given by p=f(x)=-0.1x^2 -x+40 where p is measured in dollars and x is measured in units of
p=f(x)=-0.1x^2 -x+40
where p is measured in dollars and x is measured in units of a thousand.
a)Find the average rate of change in the unit price of a tent if the quantity demanded is between 5000 and 5050 tents; between 5000 and 5010 tents.
b)What is the rate of change of the unit price if the quantity demanded is 5000?
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
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