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October 31, 2014

Homework Help: Math

Posted by Anonymous on Thursday, April 28, 2011 at 2:10pm.

Could someone answer this question so I understand it. Thanks

The marginal price dp/dx at x units of demand per week is proportional to the price p. There is no weekly demand at a price of $100 per unit [p(0)=100], and there is a weekly demand of 8 units at the price of $60.83 per unit [p(8)=60.83].

A) Find the price demand equation.Give an exact answer in simplified form. Round all decimal values to the neares hundreth.

B)At a demand of 25 units per week, what is the price?Round to the nearest cent.

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