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 = 28(3p + 1)−2/5, p > 0 (a) What is the rate of change in sales volume when the price is $24? (Round your answer to three decimal places.) dy dp = (b) Interpret your answer to part (a). (Round your answer to the nearest whole number.) If the price increases $1, the sales volume will decrease by units.
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 = 28(3p + 1)−2/5, p > 0 (a) What is the rate of change in sales volume when the price is $24? (Round your answer to three decimal places.) dy dp = (b) Interpret your answer to part (a). (Round your answer to the nearest whole number.) If the price increases $1, the sales volume will decrease by units.
Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter6: Vector Spaces
Section6.7: Applications
Problem 13EQ
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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 = 28(3p + 1)−2/5, p > 0
(a) What is the rate of change in sales volume when the price is $24? (Round your answer to three decimal places.)
=
(b) Interpret your answer to part (a). (Round your answer to the nearest whole number.)
dy |
dp |
(b) Interpret your answer to part (a). (Round your answer to the nearest whole number.)
If the price increases $1, the sales volume will decrease by units.
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