Question
the demand for a certain type of auto tire is given by x=f(p) 50(1+e^-p/60).
a)if the weekly quantity demanded is 60000 tires find the price?
b)if the current price is $120 per tire and is increasing at a rate of $2 per week, what is the rate of change of the demand per week?
please show few steps to get better idea of how it is calculated.
a)if the weekly quantity demanded is 60000 tires find the price?
b)if the current price is $120 per tire and is increasing at a rate of $2 per week, what is the rate of change of the demand per week?
please show few steps to get better idea of how it is calculated.