9. A company that produces widgets has found its demand function to beq=-1,500p + 90,000.a. For each dollar increase in the wholesale price, how many fewer widgetsare demanded?b. How many widgets would be demanded at a price of $20?c. How many widgets would be demanded at a price of $21?d. What is the difference in quantity demanded caused by the $1 increase inwholesale price?e. The company sets a price of $22.50. How many widgets will be demanded?f. How much will all of the widgets cost the store to purchase at a price of$22.50?g. If the store marks up the widgets that cost $22.50 at a rate of 50%, what isthe retail price of each widget?

According to guidelines we can do only first three sub parts thank you Wehave to find the how many…

Answered: 9. A company that produces widgets has…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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9. A company that produces widgets has found its demand function to be q=-1,500p +90,000. a. For each dollar increase in the wholesale price, how many fewer widgets are demanded? b. How many widgets would be demanded at a price of $20? c. How many widgets would be demanded at a price of $21?