Suppose your demand function is given by D(q) =-q² - 2q +536, where q is thousands of units sold and D(q) is dollars per unit. Compute the following, showing all calculations clearly. A) If 14000 units are to be sold, what price should be charged for the item? Price = $ B) If a price of $456 is set for this item, how many units can you expect to sell? (Give your answer as whole units, not in thousands of units.) You can sell whole units (Your answer should not be terms of thousands of units). C) At what value of q does D(q) cross the q axis? (When you give your answer, round your answer to three decimal places) It crosses at q = thousand units.
Suppose your demand function is given by D(q) =-q² - 2q +536, where q is thousands of units sold and D(q) is dollars per unit. Compute the following, showing all calculations clearly. A) If 14000 units are to be sold, what price should be charged for the item? Price = $ B) If a price of $456 is set for this item, how many units can you expect to sell? (Give your answer as whole units, not in thousands of units.) You can sell whole units (Your answer should not be terms of thousands of units). C) At what value of q does D(q) cross the q axis? (When you give your answer, round your answer to three decimal places) It crosses at q = thousand units.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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