The demand for a particular breakfast pastry is given by the demand equation px +50p =16,000, where x thousands of boxes are demanded when p cents is the price per box. If the current price of the pastry is $1.60 per box and the price is increasing at the constant rate of 0.4 cents per week, find the rate of change in demand, with respect to time.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.3: Lines
Problem 92E
icon
Related questions
Question
100%
The demand for a particular breakfast pastry is given by the demand equation
px +50p =16,000,
where x thousands of boxes are demanded when p cents is the price per box. If the current
price of the pastry is $1.60 per box and the price is increasing at the constant rate of 0.4 cents
per week, find the rate of change in demand, with respect to time.
Transcribed Image Text:The demand for a particular breakfast pastry is given by the demand equation px +50p =16,000, where x thousands of boxes are demanded when p cents is the price per box. If the current price of the pastry is $1.60 per box and the price is increasing at the constant rate of 0.4 cents per week, find the rate of change in demand, with respect to time.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Rate of Change
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
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
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
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:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax