demand function for a certain brand of mattress is given by p = 600e−0.02x where p is the unit price in dollars and x (in units of a hundred) is the quantity demanded per month. (Round your answers to the nearest integer.)

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
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The demand function for a certain brand of mattress is given by

p = 600e−0.02x

where p is the unit price in dollars and x (in units of a hundred) is the quantity demanded per month. (Round your answers to the nearest integer.)

The demand function for a certain brand of mattress is given by
p = 600e-0.02x
where p is the unit price in dollars and x (in units of a hundred) is the quantity demanded per month. (Round your answers to the nearest integer.)
(a) Find the number of mattresses demanded per month if the unit price is set at $400/mattress.
mattresses
(b) Use the results of part (a) to find the consumers' surplus if the selling price is set at $400 per mattress.
$
Transcribed Image Text:The demand function for a certain brand of mattress is given by p = 600e-0.02x where p is the unit price in dollars and x (in units of a hundred) is the quantity demanded per month. (Round your answers to the nearest integer.) (a) Find the number of mattresses demanded per month if the unit price is set at $400/mattress. mattresses (b) Use the results of part (a) to find the consumers' surplus if the selling price is set at $400 per mattress. $
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