Answer:
a. The rate of change of the price per pound with respect to the quantity of coffee sold when the price is $5 per pound.
b. pounds/dollar
Explanation:
(a) What is the meaning of the derivative f '(5)?
Given Q = f(p) .............................................. (1)
Differentiating Q with respect to p gives us:
qQ/dp = f'(p) ................................................ (2)
Equation (2) implies the rate of change of the price per pound with respect to the quantity of coffee sold.
When p = 5, we have:
qQ/dp = f'(5) ................................................ (3)
Equation (3) implies the rate of change of the price per pound with respect to the quantity of coffee sold when the price is $5 per pound.
(b) What are the units of f'(5)?
Since we have qQ/dp = f'(5) as shown in equation (3), it implies that the units of of f'(5) are pounds/dollar.
The answer to this question is "International Business". This would be the classification when the ABC manufacturers conduct commercial transactions across the national boundaries. The international business includes all private and public commercial transactions between two or more regions which these regions are covered by the same political territories. The commercial transactions could include any form of investments, logistic, sales, and others.
Answer:
time limitations in limited marginal utility; limited income and wealth
Explanation:
Demand curves intersect the quantity axis due to time limitations in limited marginal utility, which explains the second law of demand – the lower the price, the higher the quantity demanded. While it intersects the price axis due to limited income and wealth, which also explains the second law of demand – the higher the price, the lower the quantity demanded.
The marginal utility of a consumer is limited, because, the more of the goods consumed, the amount of satisfaction derived decreases. Hence, the demand curve intersects the quantity axis, indicating the point when the consumer derives no more satisfaction from the consumption of that good.
On the other hand, as a result of limited income of the consumer, it would come to a point when the consumer will not be able to purchase any quantity of the goods as the price increases. The point at which the demand curve intersects the price axis, indicates he point where the consumer income cannot purchase any quantity of the goods.