Suppose that the demand for x units of a product is given by x = (100 p)
Question:
Suppose that the demand for x units of a product is given by x = (100 p) - 1, where p is the price per unit of the product. Find and interpret the rate of change of demand with respect to price if the price is
(a) $10.
(b) $20.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a x10 100 10 2 1 As the price per unit increase...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
Suppose that the demand for x units of a product is x = 10,000 - 100p where p dollars is the price per unit. Then the consumer expenditure for the product is E(p) = px = p(10,000 - 100p) = 10,000p -...
-
Suppose that the demand for a product is 30 units per month and the items are withdrawn at a constant rate. The setup cost each time a production run is undertaken to replenish inventory is $15. The...
-
Suppose that the demand for q units of a certain product at $p per unit is given by p = 850+ 100/q2+1Use Simpson's Rule with n6 to approximate the average price as demand ranges from 3 to 9 items....
-
Chambers Corporation purchased a piece of equipment for $36,000. It estimated a 6-year life and $6,000 salvage value. Thus, straight-line depreciation was $5,000 per year [($36,000 $6,000) 6]. At...
-
As a result of some process the pressure of an ideal gas increases n-fold. How many times have the mean free path k and the number of collisions of each molecule per unit time v changed and how, if...
-
1.10 Describe the three different types of clay minerals (kaolinite, illite, montmorillonite) described in the text and lecture. Explain why these three clay minerals are so different? 1.11 What is...
-
The United States is one of the world's most religious, wealthy nations. When the French traveler and political philosopher Alexis de Tocqueville visited America in 1831, the religiosity of Americans...
-
Capri Wigs Company supplies wigs and hair care products to beauty salons throughout California and the Pacific Northwest. The accounts receivable clerk for Capri Wigs prepared the following partially...
-
OA solid object has an apparent weight 15.2 N when completely submerged in ethyl alcohol (density 790) and 13.7 N when completely submerged in water. Find the volume of the object.
-
Calculation on excel using this spreadsheet 2. You are given the following data on 8/24/2015 settlement date: Maturity 8/31/2017 Annual Coupon Rate Bid Price Asked Price 1.875 102.4922 102.5078 |...
-
(a) Find the annual average rate of change of the percent of elderly men in the workforce from 1970 to 1980 and from 2030 to 2040. (b) Find the annual average rate of change of the percent of elderly...
-
Thunderstorms severe enough to produce hail develop when an upper-level low (a pool of cold air high in the atmosphere) moves through a region where there is warm, moist air at the surface. These...
-
Alcott invested $20,000 for a 25% interest in a partnership (not a passive activity) on January 1, 2019. The partnership borrowed $100,000 (with full recourse to the partners) on January 15, 2019, to...
-
Suppose you are thinking about getting into home flipping business. Lucky for you, you found a bank which will loan you $422,807 at a 9% APR interest over a 7 year period. which you will have to...
-
Lakonishok Equipment has an investment opportunity in Europe. The project costs 14 million and is expected to produce cash flows of 2.2 million in Year 1, 2.8 million in Year 2, and 3.7 million in...
-
Maria takes out a 30-year mortgage for $234,580 at an annual interest rate of 5.4%. How much does she still owe when there is 1 year left on the loan? Round your answer to the nearest dollar.
-
hr s bl tst fr sm rr ss tht urs wth rbblty 1/10000 fr rmly hs rs. f th rs bg tst hs th ss, t wll shw D (whh ms stv) wth rbblty 95/100; f ths rs s t hv th ss, t wll shw D wth rbblty 5/1000: (1) wht...
-
Jennifer is on a trip and travels a distance of 150 miles. She spends some of her time walking, and some of her time travelling by train. If she spends W hours walking and T hours travelling by...
-
What is the Global Reporting Initiative (GRI)?
-
5. How much would you need to deposit in an account now in order to have $5,000 in the account in 5 years? Assume the account earns 2% interest compounded monthly. 10. You deposit $300 each month...
-
A box with an open top is to be constructed from a rectangular piece of cardboard with dimensions 12 in. by 20 in. by cutting out equal squares of side at each corner and then folding up the sides as...
-
A taxi company charges two dollars for the first mile (or part of a mile) and 20 cents for each succeeding tenth of a mile (or part). Express the cost C (in dollars) of a ride as a function of the...
-
(a) Sketch the graph of the tax rate R as a function of the income I. (b) How much tax is assessed on an income of $14,000 On $26,000? (c) Sketch the graph of the total assessed tax T as a function...
-
Monitoring of Receivables The Russ Fogler Company, a small manufacturer of cordless telephones, began operations on January 1. Its credit sales for the first 6 months of operations were as follows:...
-
Current Attempt in Progress On May 1, 2022. Sunland Corp. issued $850,000. 9%, 5-year bonds at face value. The bonds were dated May 1, 2022, and pay interest annually on May 1. Financial statements...
-
Panamint Systems Corporation is estimating activity costs associated with producing disk drives, tapes drives, and wire drives. The indirect labor can be traced to five separate activity pools. The...
Study smarter with the SolutionInn App