A deli sells 500 sandwiches per day at a price $10 each. If the deli rises the
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Question:
(a) Find the demand function q(x), where x is the price, assuming that q(x) is a linear function. Make sure to determine the domain of q(x). (Hint: both x and q(x) must be non-negative).
(b) Now suppose that instead of the linear model you decide to use an exponential model q(x) = Cax . Find C and a
Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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