s) of a certain commodity satisfy the demand equation 8p³ + x2=1225, Determine the rate at which sales are changing at a treGOED KSuppose that the price p (in dollars) and the weekly sales x (in thousands of units) of a certain commodity satisfy the demand equawhen x= 15, p=5, and the price is falling at the rate of $.60 per weekThe rate at which sales are changing is thousand units per week

The demand and the price of a commodity are negatively correlated as the buyer has a fixed budget.…

Answered: K Suppose that the price p (in dollars)…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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For an electric motor the demand is 0, 1, 2, 3, 4 per day with probabilities 1/8, 2/8, 1/8, 3/8, 1/8, respectively. If each electric motor sold returns 30 USD profit, calculate the expected profit.
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K Suppose that the price p (in dollars) and the weekly sales x (in thousands of units) of a certain commodity satisfy the deman when x= 15, p=5, and the price is falling at the rate of $.60 per week The rate at which sales are changing is thousand units per week.