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April 20, 2014

Homework Help: Calculus

Posted by Alex on Sunday, July 24, 2011 at 2:06pm.

It is estimated that the demand for a manufacturer's product is increasing exponentially at an instantaneous rate of 5% per year. If the current demand is increasing by 4000 units per year and if the price remains fixed at $850 per unit, how much revenue will the manufacturer receive from the sale of the product over the next 5 years?

Any help would be great, the book doesn't give any examples of this type of problem.

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