Demand. Two business students decided to open a small company together to sell the own brand of sneakers. After doing some research, they estimated that the wholesale price of their product p (in dollars) would be related to the monthly supply x (in hundreds of pairs) by the equation 20 x2 + p2 = 3700 How fast is the quantity demanded changing when the unit price (per pair of sneakers) is $70 dollars, the monthly supply is x = 10 and the unit price is increasing at a rate of $4 dollars per month? Note: Enter your solution as a decimal rounded to four (4) decimal places without units.

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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Demand. Two business students decided to open a small company together to sell the own brand of sneakers. After doing
some research, they estimated that the wholesale price of their product p (in dollars) would be related to the monthly supply
x (in hundreds of pairs) by the equation
20 x2 + p2 = 3700
How fast is the quantity demanded changing when the unit price (per pair of sneakers) is $70 dollars, the monthly supply is
x = 10 and the unit price is increasing at a rate of $4 dollars per month?
Note: Enter your solution as a decimal rounded to four (4) decimal places without units.
Transcribed Image Text:Demand. Two business students decided to open a small company together to sell the own brand of sneakers. After doing some research, they estimated that the wholesale price of their product p (in dollars) would be related to the monthly supply x (in hundreds of pairs) by the equation 20 x2 + p2 = 3700 How fast is the quantity demanded changing when the unit price (per pair of sneakers) is $70 dollars, the monthly supply is x = 10 and the unit price is increasing at a rate of $4 dollars per month? Note: Enter your solution as a decimal rounded to four (4) decimal places without units.
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