The price, in dollars per units, that consumers are willing to pay for a popular high-end digital camera is given by the accompanying function, where x is in thousands of units. Complete parts (a) and (b). p(x) = 1580 - 180 In x a) What price corresponds to a demand of 240,000 units? How can the price that corresponds to a demand of 240,000 units be found? Select the correct choice below and fill in the answer box to complete your choice. (Simplify your answer.) O A. Solve = 1580- 180 In x for x. O B. Evaluate p).

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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17. Solve the problem
The price, in dollars per units, that consumers are willing to pay for a popular high-end digital camera is given by the accompanying
function, where x is in thousands of units. Complete parts (a) and (b).
p(x) = 1580 - 180 In x
a) What price corresponds to a demand of 240,000 units?
How can the price that corresponds to a demand of 240,000 units be found? Select the correct choice below and fill in the answer box to
complete your choice.
(Simplify your answer.)
O A. Solve
= 1580 – 180 In x for x.
O B. Evaluate p()
Eulu
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Textbook
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thts r
e Type here to search
Transcribed Image Text:The price, in dollars per units, that consumers are willing to pay for a popular high-end digital camera is given by the accompanying function, where x is in thousands of units. Complete parts (a) and (b). p(x) = 1580 - 180 In x a) What price corresponds to a demand of 240,000 units? How can the price that corresponds to a demand of 240,000 units be found? Select the correct choice below and fill in the answer box to complete your choice. (Simplify your answer.) O A. Solve = 1580 – 180 In x for x. O B. Evaluate p() Eulu All Textbook Ask my instructor Clear all Check answer thts r e Type here to search
Expert Solution
Step 1

Given the price function as :

p(x)=1580-180lnx

Where p(x) is in dollars and x is in thousands of units.

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