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Suppose that the demand function q(p) for a certain product is given by q(p)=8000e^(-.03p)?
where p denotes the price of the product. If the item is currently selling for $100 per unit, and the quantity supplied is decreasing at a rate of 60 units per week, find the rate at which the price of the product is changing. (Notice that the derivative of dq/dt is negative because the quantity supplied is decreasing.)
3 Answers
- ted sLv 71 decade agoFavorite Answer
- 60 / [ - 240 e^(-3) ] = e^3 / 4...and let me understand : you told another questioner that they should see you after class when they asked about this problem....so either you are NOT a UKY professor or you should resign your position
- rodenizerLv 44 years ago
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