The consumer expenditure, in dollars, for a commodity is the product of its market price, p, and the number of units demanded, x

Question

2 years ago

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The consumer expenditure, in dollars, for a commodity is the product of its market price, p, and the number of units demanded, x

. Suppose that for a certain commodity, the consumer expenditure is given by
13,000p − 135p^2.
(a) Factor this in order to find an expression for the number of units demanded. (Simplify your answer completely.)
x =

(b) Use (a) to find the number of units demanded when the market price is $36.
x =

Mathematics