Monday

October 20, 2014

October 20, 2014

Posted by **Jules** on Friday, April 29, 2011 at 8:03pm.

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 nearest hundreth.

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

- Math -
**bobpursley**, Friday, April 29, 2011 at 8:37pmdp/dx = kp

points on p(X): (0,100) ; (8;60.83)

dp/dx= kp

dp/p= kdx

ln(p)=kx + c

ln(100)=k(0) + c

4.6=c

ln(60.83)=8k + 4.6

k= -0.0614

ln(p)=-.0614*25+4.6

ln p= 3.063

p= 21.39 at x=25

check my thinking.

**Answer this Question**

**Related Questions**

Math - Could someone work this question out so I understand it. Thanks The ...

Math - Could someone work this question out so I understand it. Thanks The ...

Math - Could someone answer this question so I understand it. Thanks The ...

college/microeconomics - Just needing to know if I have done the work correctly ...

Microeconomics: - Just needing to know if I have done the work correctly with ...

calc - I have everything right but the last question asking how many cases per ...

brief calculus - I have everything right but the last question asking how many ...

math - A new software company wants to start selling DVDs with their product. ...

math - A new software company wants to start selling DVDs with their product. ...

math - A new software company wants to start selling DVDs with their product. ...