Suppose that a demand function is given by q = D(p) = 20(7 - ((p) with superscript (2)/square root of ((p) with superscript (3) + 1))) , where q is the demand for a product and p is the price per unit in dollars. Find the rate of change in the demand for the product per unit change in price. a. (dq/dp) = (-20(p) with superscript (4) + 80p/(((p) with superscript (3) + 1)) with superscript (1/2)) b. (dq/dp) = (10(p) with superscript (4) - 40p/ (((p) with superscript (3) + 1)) with superscript (3/2) ) c. (dq/dp) = (-10(p) with superscript (4) - 40p/ (((p) with superscript (3) + 1)) with superscript (1/2) ) d. (dq/dp) = (-10(p) with superscript (4) - 40p/ (((p) with superscript (3) + 1)) with superscript (3/2) )
Suppose that a demand function is given by q = D(p) = 20(7 - ((p) with superscript (2)/square root of ((p) with superscript (3) + 1))) ,
where q is the demand for a product and p is the price per unit in dollars. Find the rate of change in the demand for the product per unit change in price.
a.
(dq/dp) = (-20(p) with superscript (4) + 80p/(((p) with superscript (3) + 1)) with superscript (1/2))
b.
(dq/dp) = (10(p) with superscript (4) - 40p/ (((p) with superscript (3) + 1)) with superscript (3/2) )
c.
(dq/dp) = (-10(p) with superscript (4) - 40p/ (((p) with superscript (3) + 1)) with superscript (1/2) )
d.
(dq/dp) = (-10(p) with superscript (4) - 40p/ (((p) with superscript (3) + 1)) with superscript (3/2) )
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
