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11. [0/3 Points] DETAILS PREVIOUS ANSWERS LARCAAPCALC2 10.2.042. MY N The demand function for a product is modeled by p = 17,000( 1 2 2 + e-0.001x Find the price p (in dollars) of the product when the quantity demanded is x = 1000 units and x = 1500 units. What is the limit of the price as x increases without bound? (a) x = 1000 units (Round your answer to two decimal places.) $ X (b) x = 1500 units (Round your answer to two decimal places.) $ (c) What is the limit of the price as x increases without bound? $ Need Help? Read It Watch It_ Now, substitute the following values into the equation, and calculate. Round each answer to the nearest cent. {15):} A = 2500(1 + E) n Substitute n = 4, for interest compounded quarterly. A=$:w and now substitute n = 12. for monthly compounding interest. A=$:x Finally, substitute n = 365, for daily compounding interest. M: S_kip_{you cannot oome back} 4. [-/1 Points] DETAILS LARCAAPCALC2 9.2.020.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A real estate office handles a 80-unit apartment complex. When the rent is $550 per month, all units are occupied. For each $30 increase in rent, however, an average of one unit becomes vacant. Each occupied unit requires an average of $45 per month for service and repairs. What rent should be charged to obtain a maximum profit? $ Need Help? Read It Watch It Master It 5. [-/1 Points] DETAILS LARCAAPCALC2 9.2.021. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER When a wholesaler sold a product at $30 per unit, sales were 240 units per week. After a price increase of $5, however, the average number of units sold dropped to 220 per week. Assuming that the demand function is linear, what price per unit will yield a maximum total revenue? $ Need Help? Read It Watch It Submit Answer 6. [-/3 Points] DETAILS LARCAAPCALC2 9.1.037. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A strawberry farmer will receive $37 per bushel of strawberries during the first week of harvesting. Each week after that, the value will drop $0.90 per bushel. The farmer estimates that there are approximately 123 bushels of strawberries in the fields, and that the crop is increasing at a rate of four bushels per week. When should the farmer harvest the strawberries to maximize their value? (Assume that "during the first week of harvesting" here means week 1.) weeks How many bushels of strawberries will yield the maximum value? (Round your answer to the nearest integer.) bushels What is the maximum value of the strawberries? (Round your answer to two decimal places.) $ Need Help? Read It Watch It