A tire company has found that the quantity demanded x, in thousands of units per week, of their best-selling tire is related to the unit price p by the equation (see image). A.) Use differentials to find an approximate change in the quantity of tires demanded per week if the unit price of the tires is increased from $119 to $122 per tire. B.) Use your calculator to find the actual demand for tires when the price is set at $119 and $122 per tire. Then find the difference in demand. C.) Explain why the answers to parts A and B are not the same.
A tire company has found that the quantity demanded x, in thousands of units per week, of their best-selling tire is related to the unit price p by the equation (see image). A.) Use differentials to find an approximate change in the quantity of tires demanded per week if the unit price of the tires is increased from $119 to $122 per tire. B.) Use your calculator to find the actual demand for tires when the price is set at $119 and $122 per tire. Then find the difference in demand. C.) Explain why the answers to parts A and B are not the same.
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 tire company has found that the quantity demanded x, in thousands of units per week, of their best-selling tire is related to the unit price p by the equation (see image).
A.) Use
B.) Use your calculator to find the actual demand for tires when the price is set at $119 and $122 per tire. Then find the difference in demand.
C.) Explain why the answers to parts A and B are not the same.
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