The owner of a bookstore developed a model for determining the price of rare comic books. The price, P, of each book should vary directly with the number of people, N, that have requested the book and inversely to the number of such books in existence, M. If N = 10 people, M = 10,000 copies, and P = $5, then find P for N = 200 people and M = 100 copies.
The owner of a bookstore developed a model for determining the price of rare comic books. The price, P, of each book should vary directly with the number of people, N, that have requested the book and inversely to the number of such books in existence, M. If N = 10 people, M = 10,000 copies, and P = $5, then find P for N = 200 people and M = 100 copies.
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.1: Tables And Trends
Problem 2TU: Suppose one canoe rents for 40,and2 is taken off the price for each additional canoe rented by a...
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I am having trouble figuring out if I made an error, I keep getting 8,000
Transcribed Image Text:The owner of a bookstore developed a model for determining the price of
rare comic books. The price, P, of each book should vary directly with the
number of people, N, that have requested the book and inversely to the
number of such books in existence, M. If N = 10 people, M = 10,000 copies,
and P = $5, then find P for N = 200 people and M = 100 copies.
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