p^2 + 2 q^2 = 1100
2 p dp/dt + 4 q dq/dt = 0
dp/dt = -(q/p) dq/dt
R = p q price times quantity
dR/dt = p dq/dt + q dp/dt = A dp/dt
so A is just q
when q = 20
p^2 + 2(400) = 1100
p^2 = 300
p = 10 sqrt 3
dR/dt = q dp/dt = 20*4 = 80
c)The price (in dollars) p and the quantity demanded q are related by the equation: p2+2q2=1100.
If R is revenue, dR/dt can be expressed by the following equation: dR/dt=A(dp/dt),
where A is a function of just q.
i)Find A.
ii)Find dR/dt when q=20 and dp/dt=4.
1 answer
1 answer