Explanation Given: The function C ( P ) is the linear demand function for $ 2 ≤ P ≤ $ 100 and C ( 2 ) = 10 , 000 and C ( 100 ) = 1000 . Calculation: Suppose that the linear demand function is given by, C ( P ) = P x + b …(1) It is given that C ( 2 ) = 10 , 000 . Substitute 2 for P and 10,000 for C ( P ) in equation (1) 10000 = 2 x + b …(2) It is given that C ( 100 ) = 1000 . Substitute 100 for P and 1000 for C ( P ) in equation (1) 1000 = 100 x + b ..(3) Solve equation (2) and equation (3) to find the value of x and b. 10000 = ( 100 x + b ) 10 10000 = 1000 x + 10 b − 10000 = − 2 x − b _ 0 = 998 x + 9 b Solving further the above equation we get, 998 x = − 9 b x = − 9 998 b Substitute − 9 998 b for x in equation (2) to find the value of b. 1000 = 100 x + b 1000 = 100 ( − 9 998 b ) + b 1000 = − 900 b 998 + b 1000 = 98 b 998 b = 1000 × 998 98 b = 499000 49 The value of b is 499000 49 . Substitute 499000 49 for b in equation (2) to find the value of x

3rd Edition

ISBN: 9781464125263

Author: Jon Rogawski, Colin Adams

Publisher: W.H. Freeman & Co

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Chapter 1, Problem 28CRE

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Chapter 1 Solutions

Calculus - Standalone book

Ch. 1.1 - Prob. 1PQ Ch. 1.1 - Prob. 2PQ Ch. 1.1 - Prob. 3PQ Ch. 1.1 - Prob. 4PQ Ch. 1.1 - Prob. 5PQ Ch. 1.1 - Prob. 6PQ Ch. 1.1 - Prob. 7PQ Ch. 1.1 - Prob. 8PQ Ch. 1.1 - Prob. 9PQ Ch. 1.1 - Prob. 10PQ

Ch. 1.1 - Prob. 1E Ch. 1.1 - Prob. 2E Ch. 1.1 - Prob. 3E Ch. 1.1 - Prob. 4E Ch. 1.1 - Prob. 5E Ch. 1.1 - Prob. 6E Ch. 1.1 - Prob. 7E Ch. 1.1 - Prob. 8E Ch. 1.1 - Prob. 9E Ch. 1.1 - Prob. 10E Ch. 1.1 - Prob. 11E Ch. 1.1 - Prob. 12E Ch. 1.1 - Prob. 13E Ch. 1.1 - Prob. 14E Ch. 1.1 - Prob. 15E Ch. 1.1 - Prob. 16E Ch. 1.1 - Prob. 17E Ch. 1.1 - Prob. 18E Ch. 1.1 - Prob. 19E Ch. 1.1 - Prob. 20E Ch. 1.1 - Prob. 21E Ch. 1.1 - Prob. 22E Ch. 1.1 - Prob. 23E Ch. 1.1 - Prob. 24E Ch. 1.1 - Prob. 25E Ch. 1.1 - Prob. 26E Ch. 1.1 - Prob. 27E Ch. 1.1 - Prob. 28E Ch. 1.1 - Prob. 29E Ch. 1.1 - Prob. 30E Ch. 1.1 - Prob. 31E Ch. 1.1 - Prob. 32E Ch. 1.1 - Prob. 33E Ch. 1.1 - Prob. 34E Ch. 1.1 - Prob. 35E Ch. 1.1 - Prob. 36E Ch. 1.1 - Prob. 37E Ch. 1.1 - Prob. 38E Ch. 1.1 - Prob. 39E Ch. 1.1 - Prob. 40E Ch. 1.1 - Prob. 41E Ch. 1.1 - Prob. 42E Ch. 1.1 - Prob. 43E Ch. 1.1 - Prob. 44E Ch. 1.1 - Prob. 45E Ch. 1.1 - Prob. 46E Ch. 1.1 - Prob. 47E Ch. 1.1 - Prob. 48E Ch. 1.1 - Prob. 49E Ch. 1.1 - Prob. 50E Ch. 1.1 - 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Prob. 60E Ch. 1.2 - Prob. 61E Ch. 1.3 - Prob. 1PQ Ch. 1.3 - Prob. 2PQ Ch. 1.3 - Prob. 3PQ Ch. 1.3 - Prob. 4PQ Ch. 1.3 - Prob. 5PQ Ch. 1.3 - Prob. 1E Ch. 1.3 - Prob. 2E Ch. 1.3 - Prob. 3E Ch. 1.3 - Prob. 4E Ch. 1.3 - Prob. 5E Ch. 1.3 - Prob. 6E Ch. 1.3 - Prob. 7E Ch. 1.3 - Prob. 8E Ch. 1.3 - Prob. 9E Ch. 1.3 - Prob. 10E Ch. 1.3 - Prob. 11E Ch. 1.3 - Prob. 12E Ch. 1.3 - Prob. 13E Ch. 1.3 - Prob. 14E Ch. 1.3 - Prob. 15E Ch. 1.3 - Prob. 16E Ch. 1.3 - Prob. 17E Ch. 1.3 - Prob. 18E Ch. 1.3 - Prob. 19E Ch. 1.3 - Prob. 20E Ch. 1.3 - Prob. 21E Ch. 1.3 - Prob. 22E Ch. 1.3 - Prob. 23E Ch. 1.3 - Prob. 24E Ch. 1.3 - Prob. 25E Ch. 1.3 - Prob. 26E Ch. 1.3 - Prob. 27E Ch. 1.3 - Prob. 28E Ch. 1.3 - Prob. 29E Ch. 1.3 - Prob. 30E Ch. 1.3 - Prob. 31E Ch. 1.3 - Prob. 32E Ch. 1.3 - Prob. 33E Ch. 1.3 - Prob. 34E Ch. 1.3 - Prob. 35E Ch. 1.3 - Prob. 36E Ch. 1.3 - Prob. 37E Ch. 1.3 - Prob. 38E Ch. 1.3 - Prob. 39E Ch. 1.3 - Prob. 40E Ch. 1.3 - Prob. 41E Ch. 1.3 - Prob. 42E Ch. 1.3 - Prob. 43E Ch. 1.3 - Prob. 44E Ch. 1.3 - 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The price function C ( P ) . The decrease in the number of customers with increase in the cost of domain name by $1.

Solution Summary: The author explains the linear demand function C(P) and the decrease in the number of customers with increase in price by 1.

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Chapter 1 Solutions