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Let D(x be the demand (in units) for a new product when the price is x dollars. (a) Write sentences interpreting the following. D(1.25) 1000 When the price is $ the demand is units (ii) D'(1.25) = -50 the demand is Select When the price is $ per dollar of product price. by (b) Write a formula for the revenue R(x) qenerated from the sale of the product when the price is x dollars. Assume demand is equal to the number sold. OR(x) x- D(x) R(x) x D(x) OR(x) Dix) R(x) x x - D(x) R(x) xD(x) (c) Calculate R'(x) when x = 1.25. R'(1.25) $ per dollar Interpret R'(x) when x = 1.25. the revenue generated from the sale of the product isSelect- by $ When the price is $ per dollar of price.

Question
Let D(x be the demand (in units) for a new product when the price is x dollars.
(a) Write sentences interpreting the following.
D(1.25) 1000
When the price is $
the demand is
units
(ii)
D'(1.25) = -50
the demand is Select
When the price is $
per dollar of product price.
by
(b) Write a formula for the revenue R(x) qenerated from the sale of the product when the price is x dollars. Assume demand is equal to the number sold.
OR(x) x- D(x)
R(x) x D(x)
OR(x)
Dix)
R(x) x x - D(x)
R(x) xD(x)
(c) Calculate R'(x) when x = 1.25.
R'(1.25) $
per dollar
Interpret R'(x) when x = 1.25.
the revenue generated from the sale of the product isSelect- by $
When the price is $
per dollar of price.
expand button
Transcribed Image Text:Let D(x be the demand (in units) for a new product when the price is x dollars. (a) Write sentences interpreting the following. D(1.25) 1000 When the price is $ the demand is units (ii) D'(1.25) = -50 the demand is Select When the price is $ per dollar of product price. by (b) Write a formula for the revenue R(x) qenerated from the sale of the product when the price is x dollars. Assume demand is equal to the number sold. OR(x) x- D(x) R(x) x D(x) OR(x) Dix) R(x) x x - D(x) R(x) xD(x) (c) Calculate R'(x) when x = 1.25. R'(1.25) $ per dollar Interpret R'(x) when x = 1.25. the revenue generated from the sale of the product isSelect- by $ When the price is $ per dollar of price.
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