37) The demand function for a certain commodity is given by the function p = 100e-q/2. (p is the price per unit and q is the number of units.) At what price per unit will the quantity demanded equal 8 units? (Round your answer to the nearest cent.) 37)

37) The demand function for a certain commodity is given by the function p = 100e-q/2. (p is the price per unit and q is the number of units.) At what price per unit will the quantity demanded equal 8 units? (Round your answer to the nearest cent.) 37)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

#37

answer is 1.83

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Solve the equation.
34) 10000 = 1500e0.15x
34)
Solve the equation by expressing each side as a power of the same base and then equating exponents.
1
35)47 - Зх) —
16
35)
Solve.
36) The sales decay for a product is given by S = 70000e-0.8x where S is the monthly sales and
x is the number of months that have passed since the end of a promotional campaign.
36)
How many months after the end of the campaign will sales drop below 1000, if no new
campaign is initiated? Round your answers to two decimal places.)
100е-92. (р is
37) The demand function for a certain commodity is given by the function p
the price per unit and q is the number of units.) At what price per unit will the quantity
demanded equal 8 units? (Round your answer to the nearest cent.)
37)
Solve the problem. Round to the nearest cent.
38) $3180 is invest for 9 months at an annual simple interest rate of 7%. How much interest
38)
will be earned?
39) What lump sum do parents need to deposit in an account earning 7%, compounded
monthly, so that it will grow to $100000 for their son's college tuition in 15 years? (Round
your answer to the nearest cent.)
39)
40) What is the compound interest if $460 is invested for 5 years at 8% compounded
continuously? (Round your answer to the nearest cent.)
40)
41) Find the future value of an annuity of $1300 paid at the end of each year for 10 years, if
interest is earned at a rate of 6%, compounded annually. (Round your answer to the
nearest cent.)
41)

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