Question: [0/3 Points]Demand Function for Desk Lamps The demand function for the Luminar desk lamp is given byp=f(x)=-0.1x2-0.6x22where x is the quantity demanded in thousands and
[0/3 Points]Demand Function for Desk Lamps The demand function for the Luminar desk lamp is given byp=f(x)=-0.1x2-0.6x22where x is the quantity demanded in thousands and p is the unit price in dollars.(a) Find f'(x).f'(x)=(b) What is the rate of change of the unit price (in dollars per 1,000 lamps) when the quantity demanded is 5,000 units $ per 1,000 lampsWhat is the unit price (in dollars) at that level of demand?$ Resources
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
