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The demand for Chavez Doodads is described by the function q = 20(4p, - 3p)¹/4, where • p, is the average price of a substitute for Chavez Doodads (measured in dollars) • p is the price of a Chavez Doodad (measured in dollars). • q is the monthly demand for Chavez Doodads, (measured in 1000s of units) (a) Əq др р=4 Ps=7 Əq (b) ap, p=4 Ps=7 -0.625 2.5

The demand for Chavez Doodads is described by the function q = 20(4p, - 3p)¹/4, where • p, is the average price of a substitute for Chavez Doodads (measured in dollars) • p is the price of a Chavez Doodad (measured in dollars). • q is the monthly demand for Chavez Doodads, (measured in 1000s of units) (a) Əq др р=4 Ps=7 Əq (b) ap, p=4 Ps=7 -0.625 2.5

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter4: Calculating The Derivative
Section4.4: Derivatives Of Exponential Functions
Problem 56E
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The demand for Chavez Doodads is described by the function q = 20(4p - 3p)¹/4, where • Ps is the average price of a substitute for Chavez Doodads (measured in dollars) • p is the price of a Chavez Doodad (measured in dollars). . q is the monthly demand for Chavez Doodads, (measured in 1000s of units) əq Op p=4 P8=7 Əq (b) aps 8 p=4 P8=7 = -0.625 = 2.5
Transcribed Image Text:The demand for Chavez Doodads is described by the function q = 20(4p - 3p)¹/4, where • Ps is the average price of a substitute for Chavez Doodads (measured in dollars) • p is the price of a Chavez Doodad (measured in dollars). . q is the monthly demand for Chavez Doodads, (measured in 1000s of units) əq Op p=4 P8=7 Əq (b) aps 8 p=4 P8=7 = -0.625 = 2.5
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