The demand for q units of a product depends on the price p (in dollars) according to
Question:
The demand for q units of a product depends on the price p (in dollars) according to
Find and explain the meaning of the instantaneous rate of change of demand with respect to price when the price is
(a) $25.
(b) $100.
Transcribed Image Text:
for p>0 1000 - 1, VP
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
q 1000p 12 1 a If price increases ...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
Suppose that the demand for q units of a certain product at $p per unit is given by p = 850+ 100/q2+1Use Simpson's Rule with n6 to approximate the average price as demand ranges from 3 to 9 items....
-
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 =...
-
1. If the demand for q units of a product priced at $p per unit is described by the equation find the rate of change of p with respect to q. 2. For the stimulus of electrical stimulation y = k(x -...
-
Why would you use a prospective overhead rate to accumulate the overhead costs of a job?
-
When you are running and to stop quickly, you must decelerate quickly. (a) What is the origin of the force that causes you to stop? (b) Estimate (using you own experience) the maximum rate of...
-
Determine (a) The distributed load 0 w at the end D of the beam ABCD for which the reaction at B is zero, (b) The corresponding reactions at C. 3.5 kN/m 50 kN- m D.
-
The dynamic mechanical behavior of an isotropic polymer matrix material may be characterized by two independent complex moduli such as the complex extensional modulus, \(E^{*}(\omega)\) and the...
-
According to a survey conducted by Netpop Research, 65% of new car buyers use online search engines as part of their car-buying experience .Another study reported that 11% of new car buyers skip the...
-
Nike had sales of $36.362 billion in 2018. Suppose you expected its sales to grow at a rate of 12% in 2019, but then slow by 1% per year to the long-run growth rate that is characeristic of the...
-
Imagine you are the clinical manager of an outpatient health care unit interested in investigating patient perspectives on the quality of services received. Develop a research question based on the...
-
1. According to Kleiber's law the metabolic rate q of the vast majority of animals is related to the animal's mass M according to q = kM3/4 where k is a constant. This means that a cat, with mass...
-
Suppose that the demand for a product depends on the price p according to where p is in dollars. Find and explain the meaning of the instantaneous rate of change of demand with respect to price when...
-
You are in a helicopter towing a 129-kg laser detector that is mapping out the thickness of the Brunt Ice Shelf along the coast of Antarctica. The original cable used to suspend the detector was...
-
a. What is a GIC? b. Does a GIC carry a "guarantee" like a government obligation?
-
What are some key differences between a mutual fund and an annuity?
-
Describe the differences and similarities of the conduct of Chairmen Greenspan and Bernanke in managing Fed policy.
-
In January 1992, the Korea Development Bank issued \(\$ 500\) million of bonds in the United States. From the perspective of the U.S. financial market, indicate whether this issue is classified as...
-
a. Does the \(\mathrm{SEC}\) regulate all insurance companies? b. If not, who regulates them?
-
An investor recently purchased a corporate bond which yields 5%. The investor is in the 30% tax bracket. What is the bond's after-tax yield?
-
A line l passes through the points with coordinates (0, 5) and (6, 7). a. Find the gradient of the line. b. Find an equation of the line in the form ax + by + c = 0.
-
The heat evolved in calories per gram of a cement mixture is approximately normally distributed. The mean is thought to be 100 and the standard deviation is 2. We wish to test versus with a sample of...
-
Repeat Exercise 9-6 using a sample size of and the same acceptance region.
-
A consumer products company is formulating a new shampoo and is interested in foam height (in millimeters). Foam height is approximately normally distributed and has a standard deviation of 20...
-
calculate the payback period, internal rate of return, and net present value of the proposed mine
-
Home Furnish has bonds on the market with 13 years to maturity and a yield to maturity of 8.5.In the financial newspaper, Home Furnish bonds is quoted as 127.223% of par value. The bonds make...
-
You need to choose between the following two design projects: year Cash flow A cash flow B 0 -$81,000 -$21,800 1 38,600 12,200 2 38,600 12,200 3 38,600 12,200 a) If the required return is 10 percent...
Study smarter with the SolutionInn App