The demand equation for a smart phone is p = 5000(1 - 4 / 4 + e
Question:
Find the demand x for each price.
a. p = $169
b. p = $229
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 91% (12 reviews)
a Let p 169 and solve for x p 50001 4 4 e 0002x 169 50001 4 4 e 0002x 169 5000 1 4 4 e 00...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Calculus questions
-
The demand equation for a hair dryer is p = 42 (0.001x + 2, where x is the number of units demanded per day and p is the price per unit. Find the demand when the price is set at $29.95?
-
A recent survey reported that 22% of adults 55 and older own a smart phone. (Data extracted from "Who Owns a Smartphone?" USA Today, March 5, 2012, p. 1A.) Using the binomial distribution, what is...
-
The investment website of Exercise 1 draws a random sample of 200 investors from their customers. Suppose that the true proportion of smart phone users is 36%. a) What would the standard deviation of...
-
What must be the beta of a portfolio with E( rP ) = 18%, if rf = 6% and E (rM) = 14%?
-
Moist air is heated to a very high temperature. If the equilibrium composition consists of H2O, O2, N2, OH, H2, and NO, the number of equilibrium constant relations needed to determine the...
-
In Exercises 1 through 30, find the indicated integral. Check your answers by differentiation. 5 Ixy+eva) ay dy
-
Which of the following statements best explains why the accuracy of payroll calculations and of payroll account distribution is critical to an auditor? a. Employees will complain to management if...
-
KPS Communications is planning to bring wireless internet access to the town of Ames, Iowa. Using a geographic information system, KPS has divided Ames into the following 5 by 5 grid. The values in...
-
According to learning by doing with spillover model, the growth rate is constant and endogenous to the incentives of decision makers. if key assumption of transition dynamics is tendency of rate of...
-
Routing Paths and Subnets LATEST SUBMISSION GRADE 0% 1. Let's see how much you've learned about routing paths and subnetting! In this activity, you are given a bunch of source and destination IP...
-
The percent m of American males between the ages of 20 and 29 who are under x inches tall is modeled by m (x) = 100 / 1 + e -0.5536(x - 69.51)' 64 ¤ x ¤ 78 and the percent f of American...
-
The number N of beavers in a given area after x years can be approximated by N = 5.5 · 100.23x, 0 ¤ x ¤ 10. Use the model to approximate how many years it will take for the...
-
Solve the equation. In Exercises, give irrational solutions as decimals correct to the nearest thousandth. In Exercises, give solutions in exact form. 5(1.2) 3x-2 + 1 = 7
-
If you were a parent of an infant who you were going to put into childcare, would you prefer a center-based environment or a family childcare environment? What about if you were a parent of a toddler?
-
Suppose 160 million people are employed, 15 million people are unemployed, and the working-age population is 280 million people. What is the unemployment rate?
-
What is the health view of differences in health and income outcomes across countries? Do you think this explains the observed income disparities across countries?
-
Assume the equilibrium in the market for central bank money is given by the following equation: =0Y [1-(+)] Where, Y (Real GDP) - 10000, r (real interest rate) = 0.1, 0 (reserve ratio) = 0.1 and...
-
HIPAA was a very impactful policy, that require major changes to procedures and policies. Provide a table that lists some of the HIPAA myths we did and are still dealing with.
-
Milo Corporations unadjusted trial balance at December 1, 2022, is presented below The following transactions occurred during December. Dec. 2 Purchased equipment for $16,000, plus sales taxes of...
-
Software Solution is family-owned business that has been in operation for more than 15 year. The board of directors is comprised of mainly family members, plus a few professionals such as an...
-
Describe the range of values for the correlation coefficient.
-
Give examples of two variables that have perfect positive linear correlation and two variables that have perfect negative linear correlation.
-
Explain how to determine whether a sample correlation coefficient indicates that the population correlation coefficient is significant.
-
Identify one type of business and describe that business and it's lending needs. Then describe what their potential lending needs may? Manufacturing Retail Wholesale Service Construction
-
Many investors believe the slope of yield curve is a leading economic indicator. Do you agree? Why? https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics?
-
Analyze the process for monitoring claims data for detecting potential fraud and abuse and describe how it is a crucial financial management process?
Study smarter with the SolutionInn App