Suppose that the demand for x units of a product isx = 9,000 – 90pwhere p dollars is the price per unit. Then the consumer expenditure for the product isE(p) = px = p(9,000 – 90p) = 9,000p – 90p2.What is the instantaneous rate of change of consumer expenditure with respect to price at the following values?(a)any price p|(b) p = 5(c)p = 40

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Suppose that the demand for x units of a product is x = 9,000 – 90p where p dollars is the price per unit. Then the consumer expenditure for the product is E(p) = px = p(9,000 – 90p) = 9,000p – 90p². What is the instantaneous rate of change of consumer expenditure with respect to price at the following values? (а) any price p (b) р%3D 5 (c) p = 40

Suppose that the demand for x units of a product is x = 9,000 – 90p where p dollars is the price per unit. Then the consumer expenditure for the product is E(p) = px = p(9,000 – 90p) = 9,000p – 90p². What is the instantaneous rate of change of consumer expenditure with respect to price at the following values? (а) any price p (b) р%3D 5 (c) p = 40

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.

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