Question: The demand equation for a certain item is 1 109:2 + 9392 = 3200, where x represents the number (in thousands) of items each week

The demand equation for a certain item is 1 109:2 + 9392 = 3200, where x represents the number (in thousands) of items each week when the unit price is $1). How fast is the quantity demanded increasing when the unit price/item is $16 and the selling price is dropping at the rate of $.15 per item, per week

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!

On January 2, 2013, Whistler Company purchased land for $450,000, from which it is estimated that 400,000 tons of ore could be extracted. It estimates that the present value of the cost necessary to...

Objective: To apply the concepts of marginal analysis, elasticity of demand in problem solving and exercises. 1 . The demand function of a certain item is p = 80 -2q and the total cost function of...

applying the concepts of marginal analysis, elasticity of demand in problem solving and exercises. 1 . The demand function of a certain item is p = 80 -2q and the total cost function of producing q...

WEEK 12 HW X 4+ 2 WEEK 12 HW -5 2; Irccd.instructure.com/courses/225902/assignments/6243039?module_item_id=19244834 Text Summarizer l... Dashboard IHSS Public Autho... M Gmail Homepage Home I...

1 The demand equation for a certain item is p =14 - and the cost equation is C(x) = 7,000 + 4x. Find the marginal profit at a production level of 3,000 and interpret the result. X 1,000 . $7; at the...

No missing informatio !! PLEASE IF YOU CAN DO IT PERFECTLY HELP ME IF NOT ALLOW OTHER TUTORS TO HELP ME ! PLEASE ANSWER EACH OF THE HELP COMPLETELY (5 EXERCISES EACH HELP) HELP 1: Maximize and...

1. [-11 Points] I DETAILS I Math 110 Course Resources - Implicit Differentiaion & Related Rates Course Packet on implicit differentiation Let x3 + y6 + 4x + By = 1. Compute g1 at (1,1). X Submit...

DETAILS 7. [-/1 Points] Implicit Differentiaion & Related Rates Course Packet on computing elasticity of demand using implicit differentiation Math 110 Course Resources The demand function for a...

1. A company sells portable radios. The cost equation to manufacture the product is given by C (x) = x ^ 2 -x + 31. The company sells its radios for $ 3.00 each. Therefore, your income equation is R...

9. [-l4 Points] DETAILS WANEFMAC7 11.2.006. Find the marginal cost, marginal revenue, and marginal prot functions. C(x) = 7x2; R(X) = x3 + 11x + 18 marginal cost marginal revenue marginal profit Find...

If a surplus existed how would the market return to equilibrium? What about a shortage?

Prepare the memo. Complete a response that addresses the users needs and lists/priorities the case issues. Then write-up 3 issues that identifies, analyses and provides recommendations for each issue...

E - discovery refers to collecting and reselling data. older information systems that are often incompatible with other systems, technologies, and ways of conducting basiness. something a firm does...

Which node type is used to connect a lab simulation to the real network through the Cisco Modeling Lab server s network interfaces? Router Firewall WAN Emulator External Connector Unmanaged Switch