A bicycle dealer has found that if 10-speed bicycles are sold for æ dollars apiece and the price of gasoline is y cents per gallon, approximately F(x, y) bicycles will be sold each month, where F(x, y) = 200 – 24Va + 4(0.1y – 13)3/2. Currently, the bicycles sell for $324 apiece and gasoline sells for 3.80 dollars per gallon. Estimate the change in the demand fo bicycles that results when the price of bicycles is kept fixed but the price of gasoline decreases by one cent per gallon. Estimated change in demand =

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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A bicycle dealer has found that if 10-speed bicycles are sold for æ dollars apiece and the price of gasoline is y cents per gallon,
approximately F(x, y) bicycles will be sold each month, where
F(x, y) = 200 – 24/a + 4(0.1y – 13)3/2.
Currently, the bicycles sell for $324 apiece and gasoline sells for 3.80 dollars per gallon. Estimate the change in the demand for
bicycles that results when the price of bicycles is kept fixed but the price of gasoline decreases by one cent per gallon.
Estimated change in demand =
Note for Camino submissions: Write a sentence to explain what the above number means.
Transcribed Image Text:A bicycle dealer has found that if 10-speed bicycles are sold for æ dollars apiece and the price of gasoline is y cents per gallon, approximately F(x, y) bicycles will be sold each month, where F(x, y) = 200 – 24/a + 4(0.1y – 13)3/2. Currently, the bicycles sell for $324 apiece and gasoline sells for 3.80 dollars per gallon. Estimate the change in the demand for bicycles that results when the price of bicycles is kept fixed but the price of gasoline decreases by one cent per gallon. Estimated change in demand = Note for Camino submissions: Write a sentence to explain what the above number means.
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