Find the price-demand equation for a particular brand of coffee at a grocery store when the demand is 400 bags per week at $9.49 per bag, given that the marginal price-demand function, p'(x), for x number of bags per week, is given as p'(x) = -0.03e¬0.01x If the grocery store only sells 100 bags per week, what should the price be? Round your answer to the nearest hundredth and do not include a dollar sign in your answer.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.6: Variation
Problem 27E
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Find the price-demand equation for a particular brand of coffee at a grocery store when the demand is 400 bags per week
at $9.49 per bag, given that the marginal price-demand function, p'(x), for x number of bags per week, is given as
p'(x) = -0.03e-0.01x
If the grocery store only sells 100 bags per week, what should the price be? Round your answer to the nearest hundredth
and do not include a dollar sign in your answer.
Transcribed Image Text:Question Find the price-demand equation for a particular brand of coffee at a grocery store when the demand is 400 bags per week at $9.49 per bag, given that the marginal price-demand function, p'(x), for x number of bags per week, is given as p'(x) = -0.03e-0.01x If the grocery store only sells 100 bags per week, what should the price be? Round your answer to the nearest hundredth and do not include a dollar sign in your answer.
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