The price-demand equation and the cost function for the production of infrared thermometers are given, respectively by x=8,600−40 p and C( x )=185,000+48 x a) Write the price p in terms of the demand x. b) Find the domain of the function in (a). c) Find the price elasticity of demand, E( p).
The price-demand equation and the cost function for the production of infrared thermometers are given, respectively by x=8,600−40 p and C( x )=185,000+48 x a) Write the price p in terms of the demand x. b) Find the domain of the function in (a). c) Find the price elasticity of demand, E( p).
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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4. The price-demand equation and the cost function for the production of infrared
thermometers are given, respectively by
x=8,600−40 p and C( x )=185,000+48 x
a) Write the price p in terms of the demand x.
b) Find the domain of the function in (a).
c) Find the price elasticity of demand, E( p).
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