Suppose that the weekly sales volume y (in thousands of units sold) depends on the price per unit (in dollars) of the product according to the following formula. y = 33(3p+1)-2/5, p>0 (a) Find de = -0.11 What is the rate of change in sales volume when the price is $21? (Round your answer to three decimal places.) dy dpp-21 (b) Interpret your answer to part (a). (Round your answer to the nearest whole number.) If the price increases $1, sales volume will decrease by about units. Need Help? Read It

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter8: Graphing Quadratic Functions
Section: Chapter Questions
Problem 30CR
icon
Related questions
Question
Suppose that the weekly sales volume y (in thousands of units sold) depends on the price per unit (in dollars) of the product according to the following formula.
y = 33(3p+1)-2/5, p > 0
dy
(a) Find
-0.11
What is the rate of change in sales volume when the price is $21? (Round your answer to three decimal places.)
dy
dpp-21
=
(b) Interpret your answer to part (a). (Round your answer to the nearest whole number.)
If the price increases $1, sales volume will decrease by about
units.
Need Help?
Read It
Transcribed Image Text:Suppose that the weekly sales volume y (in thousands of units sold) depends on the price per unit (in dollars) of the product according to the following formula. y = 33(3p+1)-2/5, p > 0 dy (a) Find -0.11 What is the rate of change in sales volume when the price is $21? (Round your answer to three decimal places.) dy dpp-21 = (b) Interpret your answer to part (a). (Round your answer to the nearest whole number.) If the price increases $1, sales volume will decrease by about units. Need Help? Read It
Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning