Suppose that the demand for x units of a product is x = 9,000 – 90p where p dollars is the price per unit. Then the consumer expenditure for the product is E(p) = px = p(9,000 – 90p) = 9,000p – 90p2....


Suppose that the demand for x units of a product is<br>x = 9,000 – 90p<br>where p dollars is the price per unit. Then the consumer expenditure for the product is<br>E(p) = px = p(9,000 – 90p) = 9,000p – 90p2.<br>What is the instantaneous rate of change of consumer expenditure with respect to price at the following values?<br>(a)<br>any price p<br>|<br>(b) p = 5<br>(c)<br>p = 40<br>

Extracted text: Suppose that the demand for x units of a product is x = 9,000 – 90p where p dollars is the price per unit. Then the consumer expenditure for the product is E(p) = px = p(9,000 – 90p) = 9,000p – 90p2. What is the instantaneous rate of change of consumer expenditure with respect to price at the following values? (a) any price p | (b) p = 5 (c) p = 40

Jun 05, 2022
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