The demand function for a company's product is p = 24e-0.39 where g is measured in thousands of units and p is measured in dollars. (a) What price should the company charge for each unit in order to sell 5500 units? (Round your answer to two decimal places.) (b) If the company prices the products at $5.50 each, how many units will sell? (Round your answer to the nearest integer.) units

Calculus: Early Transcendentals
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ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Can you help me with this. I’m good at this at all so the more detailed your instructions are, the better. This is survey calculus
The demand function for a company's product is p = 24e-0.39 where q is measured in thousands of units and p is measured in dollars.
(a) What price should the company charge for each unit in order to sell 5500 units? (Round your answer to two decimal places.)
$ $
(b) If the company prices the products at $5.50 each, how many units will sell? (Round your answer to the nearest integer.)
units
Transcribed Image Text:The demand function for a company's product is p = 24e-0.39 where q is measured in thousands of units and p is measured in dollars. (a) What price should the company charge for each unit in order to sell 5500 units? (Round your answer to two decimal places.) $ $ (b) If the company prices the products at $5.50 each, how many units will sell? (Round your answer to the nearest integer.) units
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Given query is to find cost per unit for the first part and the unit sold for the second part.

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