The demand function for a certain commodity is given by p = 100e¬q/2, (p is the price per unit and q is the number of units.) (a) At what price per unit will the quantity demanded equal 8 units? (Round your answer to the nearest cent.) (b) If the price is $2.07 per unit, how many units will be demanded, to the nearest unit? |units

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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The demand function for a certain commodity is given by p = 100e¬q/2, (p is the price per unit and q is the number of units.)
(a) At what price per unit will the quantity demanded equal 8 units? (Round your answer to the nearest cent.)
(b) If the price is $2.07 per unit, how many units will be demanded, to the nearest unit?
|units
Transcribed Image Text:The demand function for a certain commodity is given by p = 100e¬q/2, (p is the price per unit and q is the number of units.) (a) At what price per unit will the quantity demanded equal 8 units? (Round your answer to the nearest cent.) (b) If the price is $2.07 per unit, how many units will be demanded, to the nearest unit? |units
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