Suppose that when apples sell for x cents per pound and bakers earn y dollars per hour,

Question:

Suppose that when apples sell for x cents per pound and bakers earn y dollars per hour, the price of apple pies at a certain supermarket chain is


image


dollars per pie. Suppose also that t months from now, the price of apples will be x = 129 − √8t cents per pound and bakers’ wages will be y = 15.60 + 0.2t dollars per hour. If the supermarket chain can sell Q = 4,184/p pies per week when the price is p dollars per pie, at what rate will the weekly demand Q for pies be changing with respect to time 2 months from now?

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

Step by Step Answer:

Related Book For  book-img-for-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

Question Posted: