Question: so find p'x then plug x(t) in for x? A product is introduced to the market. The weekly profit (in dollars) of that product decays

so find p'x then plug x(t) in for x?

so find p'x then plug x(t) in for x? A product is

A product is introduced to the market. The weekly profit (in dollars) of that product decays exponentially as function of the price that is charged (in dollars) and is given by P(x) = 55000 . e -0.01.x Suppose the price in dollars of that product, x(t), changes over time t (in weeks) as given by x(t) = 48 + 0.73 . +2 Find the rate that profit changes as a function of time, P' (t) dollars/week How fast is profit changing with respect to time 6 weeks after the introduction. dollars/week Check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!