A firm has the marginal-demand function where D(x)=-1400x÷√25-x² is the number of units sold at x dollars per unit. Find the dem

Question

1 year ago

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and function given that D=17,000 when x=3 per unit.
The demand function is D(x)=

1 answer:

borishaifa [10] · Answer 1 · 2024-02-26T23:40:34+03:00

The equation of the demand function is D(x) = 1400√(25-x²) + 11400

<h3>How to determine the demand function?</h3>

From the question, we have the following parameters that can be used in our computation:

Marginal demand function, D'(x) = -1400x÷√25-x²

Also, we have

D = 17000, when the value of x = 3

To start with, we need to integrate the marginal demand function, D'(x)

So, we have the following representation

D(x) = 1400√(25-x²) + C

Recall that

D = 17000 at x = 3

So, we have

17000 = 1400√(25-3²) + C

Evaluate

17000 = 5600 + C

Solve for C

C = 17000 - 5600

So, we have

C = 11400

Substitute C = 11400 in D(x) = 1400√(25-x²) + C

D(x) = 1400√(25-x²) + 11400

Hence, the function is D(x) = 1400√(25-x²) + 11400