Question: The relationship between the unit price P (in cents) for a certain product and the demand D (in thousands of units) appears to satisfy P
The relationship between the unit price P (in cents) for a certain product and the demand D (in thousands of units) appears to satisfy
P = √29 - 3D + D2
On the other hand, the demand has risen over the t years since 1970 according to D = 2 + √t.
(a) Express P as a function of t.
(b) Evaluate P when t = 15.
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