Given the demand equation 2x + 8p + xp = 90; where p is the price...
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Given the demand equation 2x + 8p + xp = 90; where p is the price in dollars and 'x' is the quantity demanded (in thousands) of a certain commmodity. How fast the demand is increasing or decreasing at a time when x = 4, p = 10 and the price is rising at the rate $3 per week. The demand is decreasing at the rate 3000 units per week. The demand is decreasing at the rate 10 units per week. The demand is decreasing at the rate 10,000 units per week. O The demand is decreasing at the rate 3 units per week. O O O O Given the demand equation 2x + 8p + xp = 90; where p is the price in dollars and 'x' is the quantity demanded (in thousands) of a certain commmodity. How fast the demand is increasing or decreasing at a time when x = 4, p = 10 and the price is rising at the rate $3 per week. The demand is decreasing at the rate 3000 units per week. The demand is decreasing at the rate 10 units per week. The demand is decreasing at the rate 10,000 units per week. O The demand is decreasing at the rate 3 units per week. O O O O
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4th option is Cottect Explanation Given that 1 2X8PxP 90 X 4 ... View the full answer
Related Book For
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
Posted Date:
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