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The demand function for a product is given by p = 10,000 [1 − (5/5 + e^−0.001x)] where p is the price per unit (in dollars) and...Asked by harold
The demand function for a product is given by
p = 10,000(1 − (5/5 + e^−0.001x))
where p is the price per unit (in dollars) and x is the number of units sold. Find the numbers of units sold for prices of p = $1000 and p = $1500.(Round your answers to the nearest integer.)
(a) p = $1000____
(b) p = $1500____
p = 10,000(1 − (5/5 + e^−0.001x))
where p is the price per unit (in dollars) and x is the number of units sold. Find the numbers of units sold for prices of p = $1000 and p = $1500.(Round your answers to the nearest integer.)
(a) p = $1000____
(b) p = $1500____
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