Suppose that the demand for x units of a product isx = 13,000 130pwhere p dollars is the price per unit. Then the consumer expenditure for the product isE(p) = px= p(13,000 130p) = 13,000p -What is the instantaneous rate of change of consumer expenditure with respect to price at the following values?(a) any price p(b)(c)p = 15P = 25130p².

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Suppose that the demand for x units of a product is x = 13,000 130p where p dollars is the price per unit. Then the consumer expenditure for the product is E(p) =px = p(13,000 130p) = 13,000p - 130p². What is the instantaneous rate of change of consumer expenditure with respect to price at the following values? (a) any price p (b) (c) p = 15 P = 25

Suppose that the demand for x units of a product is x = 13,000 130p where p dollars is the price per unit. Then the consumer expenditure for the product is E(p) =px = p(13,000 130p) = 13,000p - 130p². What is the instantaneous rate of change of consumer expenditure with respect to price at the following values? (a) any price p (b) (c) p = 15 P = 25

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter7: Integration

Section7.EA: Extended Application Estimating Depletion Dates For Minerals

Problem 4EA

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