Find the price-demand equation for a particular brand of coffee at a grocery store when the demand is 400 bags per week at $9.49 per bag, given that the marginal price-demand function, p'(x), for x number of bags per week, is given as p'(x) = -0.03e¬0.01x If the grocery store only sells 100 bags per week, what should the price be? Round your answer to the nearest hundredth and do not include a dollar sign in your answer.

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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Find the price-demand equation for a particular brand of coffee at a grocery store when the demand is 400 bags per week
at $9.49 per bag, given that the marginal price-demand function, p'(x), for x number of bags per week, is given as
p'(x) = -0.03e-0.01x
If the grocery store only sells 100 bags per week, what should the price be? Round your answer to the nearest hundredth
and do not include a dollar sign in your answer.
Transcribed Image Text:Question Find the price-demand equation for a particular brand of coffee at a grocery store when the demand is 400 bags per week at $9.49 per bag, given that the marginal price-demand function, p'(x), for x number of bags per week, is given as p'(x) = -0.03e-0.01x If the grocery store only sells 100 bags per week, what should the price be? Round your answer to the nearest hundredth and do not include a dollar sign in your answer.
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