Suppose the demand for a certain item is given by:
1 answer:
Answer:
a. D'(p) = -10p - 6
b. There is a decrease of 96 units of demand for each dollar increase
Step-by-step explanation:
The demand function is:
(a) The derivate of the demand function with respect to price gives us the rate of change of demand:
(b) When p = $9, the rate of change of demand is:
This means that, when p = $9, there is a decrease of 96 units of demand for each dollar increase.
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<h2>Greetings</h2>
<h2>Hope this helps!</h2>
Answer:
Yes, they are.
Step-by-step explanation:
<h3>1st rate)</h3>Lets simplify both rates to the rate typer per minute.
(m is minutes)
3m = 96
Divide both sides by 3:
m = 32
So the rate is 32 words per minute.
<h3>2nd rate</h3>5m = 160
Divide both sides by 5:
m = 32
<h3>So because the rates per minute are the same, they are equivalent.</h3><h2>Hope this helps!</h2>