Suppose that the price p (in dollars) of a product is given by the demand function p = 18,000 − 60x 400 − x where x represents the quantity demanded and x < 300. If the daily demand is decreasing at a rate of 15 units per day, at what rate (in dollars per day) is the price changing when the price per unit is $40? $ per day
Suppose that the price p (in dollars) of a product is given by the demand function p = 18,000 − 60x 400 − x where x represents the quantity demanded and x < 300. If the daily demand is decreasing at a rate of 15 units per day, at what rate (in dollars per day) is the price changing when the price per unit is $40? $ per day
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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Question
Suppose that the price p (in dollars) of a product is given by the demand function
p =
| 18,000 − 60x |
| 400 − x |
where x represents the quantity demanded and
x < 300.
If the daily demand is decreasing at a rate of 15 units per day, at what rate (in dollars per day) is the price changing when the price per unit is $40?$ per day
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