If the demand for a product is given by D(p) = 1000 / p - 1 What

Question:

If the demand for a product is given by
D(p) = 1000 / √p - 1
What is the average rate of change of demand when p increases from
(a) 1 to 25?
(b) 25 to 100?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 06:32 AM

See More Questions

Suppose the demand for a product is given by p2(2q + 1) = 10,000 where p is in dollars and q is the number of units. (a) Find the elasticity of demand when p = $20. (b) How will a price increase...
If the daily demand for a product is given by the function p + q = 1000 and the daily supply before taxation is p = q2/30 + 2.5q + 920, find the tax per item that maximizes tax revenue. Find the tax...
The demand for a product of Carolina Industries varies greatly from month to month. The probability distribution in the following table, based on the past two years of data, shows the companys...
When a cosmetic manufacturer tests the market to determine how many women will buy eyeliner that has been tested for safety without subjecting animals to injury, is it involved in a descriptive...
A person jumps from the roof of a house 3.9-m high. When he strikes the ground below, he bends his knees so that his torso decelerates over an approximate distance of 0.70m. If the mass of his torso...
Neglecting friction, determine the tension in cable ABD and the reaction at C when = 60 o .
Describe an experiment, and give the necessary equations for measurement of the complex flexural modulus, $E_{\mathrm{fx}}^{*}$, of a symmetric laminated beam.
1. Mr. Albert has a piece of property he has used in his business for 25 years. He is moving his business across the country and needs to get rid of the real estate he currently owns, as he won't be...
A 38 kg crate rests on a floor. A horizontal pulling force of 170 N is needed to start the crate moving. 1.What is the coefficient of static friction between the crate and the floor? 2.The same crate...
A piece of string is connected between two adjacent houses to form a clothesline. The houses are separated by d = 22 m, and both ends of the string are the same height off the ground. A sweater is...
If an object is thrown upward at 64 feet per second from a height of 20 feet, its height S after t seconds is given by S(x) = 20 + 64t - 16t2 What is the average velocity in the (a) First 2 seconds...
If the total revenue function for a blender is R(x) = 36x - 0.01x2 where x is the number of units sold, what is the average rate of change in revenue R(x) as x increases from 10 to 20 units?
Which hybridization scheme allows the formation of at least one bond? sp, sp, spd
Partnerships between acute care and community-based settings improve continuity of care. How do these partnerships influence reimbursement for health systems?
Identify each participant and its role in the process by which the money supply changes and monetary policy is implemented.
Why is it financially important for hospitals to institute effective discharge planning programs?
Each year, millions of American investors pour billions of dollars into investment companies, which use those dollars to buy the common stock of other companies. What do the investment companies...
a. Explain what is meant by the statement "the United States has a fractional reserve banking system." b. How are these items related: total reserves, required reserves, and excess reserves?
While Lisa was a student at the University of Ottawa, she borrowed $12,000 in student loans a loan at an annual interest rate of 8%. If Lisa repays $1,600 per year, how long, to the nearest year,...
For a nonzero constant a, find the intercepts of the graph of (x 2 + y 2 ) 2 = a 2 (x 2 - y 2 ). Then test for symmetry with respect to the x-axis, the y-axis, and the origin.
If a set has 2n elements, show that it has more subsets with n elements than with any other number of elements.
An elevator takes on six passengers and stops at ten floors. We can assign two different equiprobable measures for the ways that the passengers are discharged: (a) We consider the passengers to be...
John claims that he has extrasensory powers and can tell which of two symbols is on a card turned face down (see Example 3.11). To test his ability he is asked to do this for a sequence of trials....
Athens Gas Station has figured out the weekly demand distribution for their gas sales. Each gallon of gas sold at the pump results in a profit of 10 cents/gallon and any lost sales results in a cost...
1. The maximum pressure an eardrum can withstand without rupturing is Pmax = 3.0102 Pa. Assume a sound is made at that pressure. If the density of air is, p=1.20 kg/m, and the speed of sound is 340...
52. A wave is sent down a string with a linear mass density of 1.600 x 10-4 kg/m. The wavefunction that describes this wave is: y(x,t) = (0.021 m)*sin{(2.00 rad/m)*x + (30.0 rad/s)*t} What is the...

If the demand for a product is given by D(p) = 1000 / p - 1 What

Question:

Step by Step Answer:

a b D25D...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions