Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The price, in dollars per units, that consumers are willing to pay for a popular high-end digital camera is given by the accompanying function, where

image text in transcribed
The price, in dollars per units, that consumers are willing to pay for a popular high-end digital camera is given by the accompanying function, where x is in thousands of units. Complete parts (a) and (b) p(x) = 1200 - 160 In x a) What price corresponds to a demand of 290,000 units? How can the price that corresponds to a demand of 290,000 units be found? Select the correct choice below and fill in the answer box to complete your choice (Simplify your answer.) O A. Solve = 1200 - 160 In x for x O B. Evaluate p The price that corresponds to a demand of 290,000 units is $ (Round to the nearest cent as needed.) b) How many units will consumers buy at a price of $460 per camera? How can the number of units that consumers will buy at a price of $460 per camera be found? Select the correct choice below and fill in the answer box to complete your choice. (Simplify your answer.) O A. Evaluate p O B. Solve = 1200 - 160 In x for X. At a price of $460 per camera, consumers will buy unit(s) (Round to the nearest whole number as needed )

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

Calculus Early Transcendentals

Authors: Jon Rogawski, Colin Adams

3rd Edition

1319116450, 9781319116453

More Books

Students also viewed these Mathematics questions

Question

How does the ribose pucker affect DNA structure?

Answered: 1 week ago