Suppose that the demand for q units of a product priced at $p per unit is described

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Suppose that the demand for q units of a product priced at $p per unit is described by
p = 200,000 / (q + 1)2
(a) What is the rate of change of price with respect to the quantity demanded when q = 49?
(b) Interpret your answer to part (a).

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 06:38 AM

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Suppose that the demand for q units of a product priced at $p per unit is described

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p 200000q 1 2 pq 400000q 1 3 1 ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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