6. The demand function for a product s modeled by p=b00 - 2x, 0

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Answered: 6. The demand function for a product s…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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1 1. sec-1 x = cos™ -
The price p (in dollars) and the demand x for a particular clock radio are related by the equation x = 5000 – 50p. (A) Express the price p in terms of the demand x, and find the domain of this function. (B) Find the revenue R(x) from the sale of x clock radios. What is the domain of R? (C) Find the marginal revenue at a production level of 2800 clock radios. (D) Interpret R'(3900) = – 56.00.
Needed to be solved this question correctly in 15 minutes and get the thumbs up please show me neat and clean work as soon as possible
Below are the prices of Amazon stock "y" over a period of 5 days, the number of shares (in 100s) of company's stocks sold (x1), and the volume of exchange (in millions) (x2) is shown below. Day "y" (x1) (x2) 87.5 950 11 2 86 945 11.25 3 84 940 11.75 4 83 930 12.5 84.5 935 12 6 87 970 13 7 85 960 14 Run a regression and use the output to answer the following: 1. Provide an equation that can be used to predict the price of the stock Y = x1 x2 2. The + explains if the equation is a good predictor for price of the stock 3. What is the value for question #2 % (Round to the second (2nd) decimal place) 4. At 95% confidence, determine which variable(s) are significant 5. If in a given day, the trading volume of exchange was 16 million and the volume sold was 945,000, what would you expect the price of the stock to be? $ (Round to the second (2nd) decimal place)
14
8. A company is increasing production of oven mitts at the rate of 4 per day. All oven mitts that are produced are sold. The daily demand function is given by p = 10- where q is the number of units produced and sold and p is price in dollars. Find the rate of change of revenue over time (in days) when the daily production is 150 units. 250 Identify Givens Revenue Function rate of change of revenue
Define the Derivatives of the following Linear Functions: 1)Total Cost Function 2) Consumption function 3) Supply value of calculus to business
Agnes, a General Manager in XXX Company, estimated a multiplicative demand function of the form: using a cross-section data collected in the company sales on 30th June, 2019. The estimation results are as follows: (SEE IMAGE) Write down the estimated demand equation Interpret the coefficients and R2 value Describe any three managerial decisions that can be applied by the manager from the estimated demand function
5. The demand for q units of a product depends on the price p (in dollars) according to: 1000 – 1,p > 0, where p is in dollars. Find the instantaneous rate of change of || - demand with respect to price when the price is (а) $25 (b) $100

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6. The demand function for a product s modeled by p=bo0 - 2x, OEX< 300, where Ps the price per unit Cin dollar) and x is the # of units. Determine when the demand is elastic, inelastic, or of unit elasticity