When the price of a certain commodity is p dollars per unit, customers demand x hundred units of the commodity, where x 2 3px p 2 79 How fast is the demand x changing with respect to time when the price is $5 per unit and is decreasing at the rate of 30 cents per month

Question: When the price of a certain commodity is p dollars per unit, customers demand x hundred units of the commodity, where x 2 + 3px

When the price of a certain commodity is p dollars per unit, customers demand x hundred units of the commodity, where x² + 3px + p² = 79 How fast is the demand x changing with respect to time when the price is $5 per unit and is decreasing at the rate of 30 cents per month?

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

When p 5 the demand x satisfies p ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Calculus With Applications Questions!

Quantro Enterprises Ltd. and Baizley Holdings Ltd. (BHL) are both 100% owned by Harold Baizley. Both companies are Canadian-controlled private corporations. Quantro operates a wholesale business and...

Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units will be purchased by consumers, where p = 0.05x + 38. The cost of producing x hundred units is C(x) =...

When a certain commodity is sold for p dollars per unit, consumers will buy D(p) = 40,000 p units per month. It is estimated that t months from now, the price of the commodity will be p(t) = 0.4t...

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

(a) DEMAND RATE When the price of a certain commodity is p dollars per unit, customers demand at hundred units of the commodity, where 12+3pr+p1=?9. How fast is the demand at changing with respect to...

When the price of a certain commodity is p dollars per unit, consumers demand x hundred units of the commodity, where How fast is the demand x changing with respect to time when the price is $7 and...

4. When the price of a certain commodity is p dollars per unit, consumers demand q hundred units of the commodity where p2 + 2612 = 600. How fast is the demand, q, changing with respect to time when...

5. (6 pts) When the price of a certain commodity is 33 dollars per unit, customers demand m units of the commodity, where 3:2 + 3392: + p2 79 = CI. (a) Calculate the elasticity of demand, that is...

Answer 45a and graph correctly and show steps for thumbs up 45. PROFIT Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units will be purchased by consumers,...

Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units is C(x) = 0.02x^2 +3x +574.77 hundred dollars a. Express the profit P obtained from the sale of x...

S 4. When the price of a certain commodity is p dollars per unit, consumers will demand x hundred units of a commodity where 75x2 + 15p2 = 5300 If the price is 7 dollars and is decreasing at a rate...

The United States uses Generally Accepted Accounting Principles (GAAP) as the basis of financial reporting. The International Financial Accounting Standards (IFRS) is an alternative way to report...

What are the three basic control functions that must be accomplished to operate an automated production line?

15. Which statement is true? (LO7) a) There is an inconsistency between the defi nition of GDP and the way it is compiled by the U.S. Department of Commerce. b) GDP is an accurate measure of...

Describe interventions health psychologists use to treat patients experiencing stress.

Use lHospitals rule where applicable to find each limit. -x xe lim x-0 2ex - 2

Find the amount of each ordinary annuity based on the information given. R = $1800, 8% interest compounded quarterly for 12 years

Find a 5 and a n for the following geometric sequences. a 1 = -3, r = -5

When computing the weighted-average number of shares outstanding during the year for the purpose of calculating diluted EPS, what is the proper treatment of a midyear issuance of securities...

Which of the following moments of truth exemplifies the customer's standard expectations? Your advisor made you wait, even though you had an appointment. You had to visit once to reach your academic...

A pump has failed and must be replaced. One option is to use a new brass pump at $6,000. However, the company has a used stainless steel one that could do the job and last as least as long as 3...