Question: The demand function for a certain product is given by p= 500 + 1000 / q+1 Where p is the price and q is the

The demand function for a certain product is given by p= 500 + 1000 / q+1 Where p is the price and q is the number of units demanded. Find the average price as demand ranges from 49 to 99 units.

Step by Step Solution

★★★★★

3.41 Rating (157 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

1 994949 1 500g1000 in g... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1386-M-C-L-A-D(4546).docx

120 KBs Word File

Students Have Also Explored These Related Calculus Questions!

The demand function for a certain product is p = 81 - x2 and the supply function is p=x2+4x+11. Find the equilibrium point and the consumer's surplus there. In the following equation p and C are in...

The demand function for a certain product is p=144-2x2 and the supply function is p=x2+33x+48. Find the producer's surplus at the equilibrium point. In the following equation p is in dollars and x is...

The demand function for a certain product is p = 100/(1+2x). If the equilibrium quantity is 12 units, what is the consumer's surplus? In the following equation p and C are in dollars and x is the...

Hello, can someone help me with this question, please? The demand function for a certain product is given by p = 500 + 1000/q + 1 where rho is the price and q is the number of units demanded. Find...

The demand function for a certain product is given by p = 3000 2x + 100 (0 x 10) where x (measured in units of a thousand) is the quantity demanded per week and p is the unit price in dollars. Sketch...

The demand function for a certain product is given by p = -0.01x 2 - 0.2x + 10, where p represents the unit price in dollars and x is the quantity demanded measured in units of a thousand. Determine...

solve all on paper ty 8. The demand funcTion for a cerTain producT is given by p: _04q+80003q520,000 where p denoTes The uniT price in dollars and q denoTes The quanTiTy demanded. a. DeTermine The...

The demand function for a certain product is given by p = 2:132 -|- 50, Where p is the unit price in dollars and x is the quantity demanded. The supply function for this product is given by p = x2 4m...

I need assistance with this assistance with this assignment to add it in my notes 1. The demand function for a certain product is given by p = x41 where p is the price in dollars and x is the number...

The demand function for a certain product is given by p = v1200 - 0. 25x, where P is measured in dollars, and X is measured in units of a hundred. Answer the following questions. Round each answer to...

Terry and Jessica Benedict invested $6,000 in a savings account paying 4% annual interest when their daughter, Kristi, was born. They also deposited $1,000 on each of her birthdays until she was 18...

:N - = F: I. Incorrect number of valence electrons II. Incorrect central atom III. Octet rule not satisfied for at least one atom Given the incorrect Lewis structure above, which option(s) above...

Please answer both parts! Hanmi Group, a consumer electronics conglomerate, is reviewing its annual budget in wireless technology. It is considering investments in three different technologies to...

The total benefit that Professor Allison gets from consuming the first beer at a Red Sox game is (in money terms) $25; it goes up to $40 for two beers, $50 for three beers, $58 for four beers, and...

(a) What can you say about the graph of a solution of the equation y = xy3 when is close to 0? What if is large? (b) Verify that all members of the family y = (c x2) are solutions of the...

A population is modeled by the differential equation (a) For what values of is the population increasing? (b) For what values of is the population decreasing? (c) What are the equilibrium solutions?...

A function y(t) satisfies the differential equation (a) What are the constant solutions of the equation? (b) For what values of is increasing? (c) For what values of is decreasing? dy --y- 6y' + 5y?...

pls help me two people have got it incorrect What It Means to Invest in Stocks? Common stock is considered to be one of the most popular investment vehicles for long - term wealth building. Investors...

Your grandparents have been putting $5000 into an account each year that earns a rate of 4%. If it has been 15 years, how much is it worth now? O $86,984.77 O $100,117.94 $125,014.35 O $75,210.36 If...

Alpha Inc has just issued a 15-year bond with $1,000 par value, which pays the amount below as annual coupon (interest). The market price of the bond and your required rate of return are also...