Concept explainers
(a)
To calculate: The rate of demand function change with price using the implicit
(b)
To calculate: The rate of revenue with price using the implicit differentiation and determine whether the price increases or decrease to increase revenue, if the demand q of the book “The Complete Larry Potter” in a week is booked its price p is
Trending nowThis is a popular solution!
Chapter 11 Solutions
Finite Mathematics and Applied Calculus (MindTap Course List)
- An outpatient operating room charges each patient a fixed amount per surgery plus an amount per minute for use. One patient was charged 250 for a 30-minute surgery and another patient was charged 450 for a 90-minute surgery. Determine the linear function that would be used to compute the charges. Use the function to determine the charge when a patient has a 45-minute surgery.arrow_forwardDetermine whether the following algebraic equationcan be written as a linear function. 2x+3y=7arrow_forwardXander’s new business found that the daily demand for its product was inversely proportional to the price, p. When the price is $5, the demand is 700 units. (a) Write the equation of variation. (b) What is the demand if the price is raised to $7?arrow_forward
- Determine whether each equation represents y as a function of x. a. x2+y2=8 b. y4x2=36arrow_forwardFind the slope of the line: x = —4.arrow_forwardAn accounting firm determines that the value V (in dollars) of a copier t years after its purchase is given by V=300t+1500. Interpret the y - intercept and slope of this line.arrow_forward
- Intermediate AlgebraAlgebraISBN:9781285195728Author:Jerome E. Kaufmann, Karen L. SchwittersPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillFunctions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage Learning
- Algebra: Structure And Method, Book 1AlgebraISBN:9780395977224Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. ColePublisher:McDougal Littell