Let D(x) be the demand (in units) for a new product when the price is x dollars. D(5.25) = 800 D'(5.25) = −40 Formula for the revenue R(x) generated from the sale of the product when the price is x dollars is R(x) = x · D(x). Assume demand is equal to the number sold. 1. Calculate R'(x) when x = 5.25. R'(5.25) = $______ per dollar
Let D(x) be the demand (in units) for a new product when the price is x dollars. D(5.25) = 800 D'(5.25) = −40 Formula for the revenue R(x) generated from the sale of the product when the price is x dollars is R(x) = x · D(x). Assume demand is equal to the number sold. 1. Calculate R'(x) when x = 5.25. R'(5.25) = $______ per dollar
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Topics In Analytic Geometry
Section: Chapter Questions
Problem 33CT
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Let D(x) be the demand (in units) for a new product when the price is x dollars.
D(5.25) = 800
D'(5.25) = −40
Formula for the revenue R(x) generated from the sale of the product when the price is x dollars is R(x) = x · D(x). Assume demand is equal to the number sold.
1. Calculate R'(x) when x = 5.25.
R'(5.25) = $______ per dollar
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