Asked by Roger
Use the demand function
X=325(1-(6p/7p+4)) to find the rate of change in the demand x for the given price p=$5.00. Round your answer to two decimal places.
A. 5.13 UNITS PER DOLLAR
B. -0.85 UNITS PER DOLLAR
C. 0.85 UNITS PER DOLLAR
D. 1.35 UNITS PER DOLLAR
E. -5.13 UNITS PER DOLLAR
X=325(1-(6p/7p+4)) to find the rate of change in the demand x for the given price p=$5.00. Round your answer to two decimal places.
A. 5.13 UNITS PER DOLLAR
B. -0.85 UNITS PER DOLLAR
C. 0.85 UNITS PER DOLLAR
D. 1.35 UNITS PER DOLLAR
E. -5.13 UNITS PER DOLLAR
Answers
Answered by
Steve
Setting u(p) = 6p and v(p)=7p+4, we have x=325(1-u/v). So,
dx/dp = -325 (uv'-u'v)/v^2
= -325(6p(7)-6(7p+4)/(7p+4)^2
= -325(42p-42p-24)/(7p+4)^2
= 325*24/(7p+4)^2
x'(5) = 32*24/39^2 = 5.13
dx/dp = -325 (uv'-u'v)/v^2
= -325(6p(7)-6(7p+4)/(7p+4)^2
= -325(42p-42p-24)/(7p+4)^2
= 325*24/(7p+4)^2
x'(5) = 32*24/39^2 = 5.13
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.