Question: The demand function for the Luminar desk lamp is given by p = f(x) = -0.1x? - 0.5x + 33 where x is the quantity

 The demand function for the Luminar desk lamp is given by

The demand function for the Luminar desk lamp is given by p = f(x) = -0.1x? - 0.5x + 33 where x is the quantity demanded in thousands and p is the unit price in dollars. (a) Find F"(x). f'(x) = (b) What is the rate of change of the unit price when the quantity demanded is 6000 units (x = 6)? $ per 1000 lamps What is the unit price at that level of demand? $

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 Finance Questions!