Suppose that the price p (in dollars) of a product is given by the demand function where x represents the quantity demanded. If the daily demand is increase at a rate of 5 units per day, at what rate is the price changing when the demand is 64 units? Round your answer to two decimal places.
A) The price is decreasing at approximately 0.24 dollars per day.
B) The price is decreasing at approximately 0.04 dollars per day.
C) The price is decreasing at approximately 0.14 dollars per day.
D) The price is decreasing at approximately 0.03 dollars per day.
E) The price is decreasing at approximately 0.08 dollars per day.
Correct Answer:
Verified
Q107: Assume that water is being purified by
Q108: Suppose that the monthly revenue and cost
Q109: Boyle's law for enclosed gases states that
Q110: The supply function for a product is
Q111: Water is flowing into a barrel in
Q113: The resistance R of a blood vessel
Q114: Two boats leave the same port at
Q115: p is in dollars and q is
Q116: For human beings, the surface area S
Q117: For many species of fish, the allometric
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents