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Suppose customers in a hardware store are willing to buy N(p) boxes of nails at p dollars per box, as given by the following function. N(p) = 80 – 4p, 1sps4 a. Find the average rate of change of demand for a change in price from $2 to $3. The average rate of change of demand for a change in price from $2 to $3 is -20 boxes per dollar. (Type an integer or a decimal.) b. Find the instantaneous rate of change of demand when the price is $2. The instantaneous rate of change of demand when the price is $2 is boxes per dollar. (Type an integer or a decimal.)

Suppose customers in a hardware store are willing to buy N(p) boxes of nails at p dollars per box, as given by the following function. N(p) = 80 – 4p, 1sps4 a. Find the average rate of change of demand for a change in price from $2 to $3. The average rate of change of demand for a change in price from $2 to $3 is -20 boxes per dollar. (Type an integer or a decimal.) b. Find the instantaneous rate of change of demand when the price is $2. The instantaneous rate of change of demand when the price is $2 is boxes per dollar. (Type an integer or a decimal.)

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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Suppose customers in a Fordware store are willing to buy N(p) boxes of nails at p dollars per box, as given by the following function. N(p) = 80 – 4p; 1sps4 2. 1sp<4 a. Find the average rate of change of demand for a change in price from $2 to $3. The average rate of change of demand for a change in price from $2 to $3 is - 20 boxes per dollar (Type an integer or a decimal.) b. Find the instantaneous rate of change of demand when the price is $2. The instantaneous rate of change of demand when the price is $2 is boxes per dollar. (Type an integer or a decimal.)
Transcribed Image Text:Suppose customers in a Fordware store are willing to buy N(p) boxes of nails at p dollars per box, as given by the following function. N(p) = 80 – 4p; 1sps4 2. 1sp<4 a. Find the average rate of change of demand for a change in price from $2 to $3. The average rate of change of demand for a change in price from $2 to $3 is - 20 boxes per dollar (Type an integer or a decimal.) b. Find the instantaneous rate of change of demand when the price is $2. The instantaneous rate of change of demand when the price is $2 is boxes per dollar. (Type an integer or a decimal.)
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