a. Explanation Given: C ( 100 ) = 1 , 000 , 000 and C ( 500 ) = 100 , 000 Calculation: The demand function can be calculated as, C ( P ) − 100000 = 1000000 − 100000 100 − 500 ( P − 500 ) C ( P ) − 100000 = − 900000 400 ( P − 500 ) b. To determine To find: The slope of C ( P ) = 1225000 − 2250 P . c. To determine To find: The decrease in the number of customers for each increase in $100 in the price of C ( P ) = 1225000 − 2250 P .

4th Edition

ISBN: 9781319323394

Author: Rogawski

Publisher: MAC HIGHER

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Question

Chapter 1, Problem 29CRE

To determine

The demand function C(P) for the cell phone.

To determine

To find: The slope of C(P)=1225000−2250P .

To determine

To find: The decrease in the number of customers for each increase in $100 in the price of C(P)=1225000−2250P .

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Chapter 1, Problem 28CRE

Chapter 1, Problem 30CRE

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Chapter 1 Solutions

CALCULUS W/SAPLING ACCESS >IC<

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The demand function C ( P ) for the cell phone.

Solution Summary: The author calculates the demand function C(P)=1225000-2250P for the cell phone.

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Videos

The demand function C(P) for the cell phone.

To find: The slope of C(P)=1225000−2250P .

To find: The decrease in the number of customers for each increase in $100 in the price of C(P)=1225000−2250P .

Want to see the full answer?

Chapter 1 Solutions