Suppose that the supply of x units of a product at price p dollars per unit is given by the following. p = 20 + 30 In(4x + 1) (a) Find the rate of change of supply price with respect to the number of units supplied. dp dx (b) Find the rate of change of supply price when the number of units is 31. $ (c) Approximate the price increase associated with the number of units supplied changing from 31 to 32.

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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Suppose that the supply of x units of a product at price p dollars per unit is given by the following.
p = 20 + 30 In(4x + 1)
(a) Find the rate of change of supply price with respect to the number of units supplied.
dp
dx
(b) Find the rate of change of supply price when the number of units is 31.
$
(c) Approximate the price increase associated with the number of units supplied changing from 31 to 32.
Transcribed Image Text:Suppose that the supply of x units of a product at price p dollars per unit is given by the following. p = 20 + 30 In(4x + 1) (a) Find the rate of change of supply price with respect to the number of units supplied. dp dx (b) Find the rate of change of supply price when the number of units is 31. $ (c) Approximate the price increase associated with the number of units supplied changing from 31 to 32.
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