Suppose customers in a hardware store are willing to buy N(p) boxes of nails at p dollars per box, as given by the following function. N(p) = 90 – 5p"; 2sps5 ..... a. Find the average rate of change of demand for a change in price from $3 to $4. The average rate of change of demand for a change in price from $3 to $4 is (Type an integer or a decimal.) 35 boxes per dollar. b. Find the instantaneous rate of change of demand when the price is $3. The instantaneous rate of change of demand when the price is $3 is boxes per dollar. (Type an integer or a decimal.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter9: Quadratic Functions And Equations
Section9.6: Solving Quadratic Equations By Using The Quadratic Formula
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3.3 #8 Part 2 of 3
Suppose customers in a hardware store are willing to buy N(p) boxes of nails at p dollars per box, as given by the following function.
N(p) = 90 – 5p"; 2sps5
a. Find the average rate of change of demand for a change in price from $3 to $4.
The average rate of change of demand for a change in price from $3 to $4 is
(Type an integer or a decimal.)
35 boxes per dollar.
b. Find the instantaneous rate of change of demand when the price is $3.
The instantaneous rate of change of demand when the price is $3 is boxes per dollar.
(Type an integer or a decimal.)
Transcribed Image Text:Suppose customers in a hardware store are willing to buy N(p) boxes of nails at p dollars per box, as given by the following function. N(p) = 90 – 5p"; 2sps5 a. Find the average rate of change of demand for a change in price from $3 to $4. The average rate of change of demand for a change in price from $3 to $4 is (Type an integer or a decimal.) 35 boxes per dollar. b. Find the instantaneous rate of change of demand when the price is $3. The instantaneous rate of change of demand when the price is $3 is boxes per dollar. (Type an integer or a decimal.)
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