Question: Demand Function for Sport: Watches The demand function for the Sicard sports watch is given by 55 d(x):2 (05x520) 0.01;: + 1 where x (measured


Demand Function for Sport: Watches The demand function for the Sicard sports watch is given by 55 d(x):2 (05x520) 0.01;: + 1 where x (measured in units of a thousand) is the quantity demanded per week and d(x) is the unit price in dollars. (a) Find d'{x). W) =: x (b) Find the following values in dollars per thousand watches. (Round your answers to two decimal pEaces.) d'(5) = $ '3: per thousand watches 1110) : 1; 3: per thousand watches d'(18) = $ per thousand watches Interpret the results. {Round your answers to two decimal pEaces.) When the demand for watches is 5,000, the unit price for the watches is decreasing by $ per thousand watches. When the demand for watches is 10,000, the unit price for the watches is decreasing by $ per thousand watches. When the demand for watches is 18,000, the unit price for the watches is decreasing by $ per thousand watches. Need Help? Wilchlt
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