Question: The demand function for the Luminar desk lamp is given by p = f(x) = -0.1x - 0.3x + 34 where x is the

The demand function for the Luminar desk lamp is given by p 

The demand function for the Luminar desk lamp is given by p = f(x) = -0.1x - 0.3x + 34 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 (in dollars per 1,000 lamps) when the quantity demanded is 13,000 units (x = 13)? per 1,000 lamps What is the unit price (in dollars) at that level of demand?

Step by Step Solution

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Solution Solution b 4 of m 3 fn at An f... View full answer

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!