The demand for a certain commodity is -05x D(x) = 6000e %3D units per month when the market price is r dollars per unit. (a) At what rate is the consumer expenditure E(x) = xD(x) changing with respect to price x when the price is equal to $110 dollars? %3D (b) At what price does consumer expenditure stop increasing and begin to decrease? (c) At what price does the rate of consumer expenditure begin to increase?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
icon
Related questions
Question
The demand for a certain commodity is
-05x
D(x) = 6000e
%3D
units per month when the market price is r dollars per unit.
(a) At what rate is the consumer expenditure E(x) = xD(x) changing with respect to price x when the price is
equal to $110 dollars?
%3D
(b) At what price does consumer expenditure stop increasing and begin to decrease?
(c) At what price does the rate of consumer expenditure begin to increase?
Transcribed Image Text:The demand for a certain commodity is -05x D(x) = 6000e %3D units per month when the market price is r dollars per unit. (a) At what rate is the consumer expenditure E(x) = xD(x) changing with respect to price x when the price is equal to $110 dollars? %3D (b) At what price does consumer expenditure stop increasing and begin to decrease? (c) At what price does the rate of consumer expenditure begin to increase?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
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