Question

where p is the price (in dollars) and x is the number of units (in thousands). Find the average price p on the interval 40 ≤ x ≤ 50. (Round your answer to two decimal places.)

Answer 1

THIS IS THE COMPLETE QUESTION BELOW

The demand equation for a product is p=90000/400+3x where p is the price (in dollars) and x is the number of units (in thousands). Find the average price p on the interval 40 ≤ x ≤ 50.

Answer

$168.27

Step by step Explanation

Given p=90000/400+3x

With the limits of 40 to 50

Then we need the integral in the form below to find the average price

1/(g-d)∫ⁿₐf(x)dx

Where n= 40 and a= 50, then if we substitute p and the limits then we integrate

1/(50-40)∫⁵⁰₄₀(90000/400+3x)

1/10∫⁵⁰₄₀(90000/400+3x)

If we perform some factorization we have

90000/(10)(3)∫3dx/(400+3x)

3000[ln400+3x]₄₀⁵⁰

Then let substitute the upper and lower limits we have

3000[ln400+3(50)]-ln[400+3(40]

30000[ln550-ln520]

3000[6.3099×6.254]

3000[0.056]

=168.27

the average price p on the interval 40 ≤ x ≤ 50 is

=$168.27