Demand for a certain kind of SUV obeys the following equation, D(x, y) = 25,000-x -...
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Demand for a certain kind of SUV obeys the following equation, D(x, y) = 25,000-√x - 11(0.4y - 10) ³/2 where x is the price per car in dollars, y is the cost of gasoline per litre, and D is the number of cars. Suppose that the price of the car and the price of gasoline t years from now obey the following equations: x = 54,200 + 100t, y = 132 +8√t What will the rate of change of the demand be (with respect to time) 2 years from now? Demand for a certain kind of SUV obeys the following equation, D(x, y) = 25,000-√x - 11(0.4y - 10) ³/2 where x is the price per car in dollars, y is the cost of gasoline per litre, and D is the number of cars. Suppose that the price of the car and the price of gasoline t years from now obey the following equations: x = 54,200 + 100t, y = 132 +8√t What will the rate of change of the demand be (with respect to time) 2 years from now?
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ANSWER To find the rate of change of the demand with respect to time we need to calculate the deriva... View the full answer
Related Book For
Legal Research Analysis and Writing
ISBN: 978-1133591900
3rd edition
Authors: William H. Putman, Jennifer Albright
Posted Date:
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