Problema Solution
The demand d for a specific product, in items per month is given by
d(p)=25+880e^(-0.18p)
where p is the price in dollars, of the product.
A) What will be the monthly demand, to the nearest unit, when the price of the product is $10 and when the price is $15?
B) What will happen to the demand as the price increases without bound?
Answer provided by our tutors
The demand d for a specific product, in items per month is given by
d(p)=25+880e^(-0.18p)
where p is the price in dollars, of the product.
A) What will be the monthly demand, to the nearest unit, when the price of the product is $10
d(10)=25+880*e^(-0.18*10)=170 units.
when the price is $15 d(15)=25+880*e^(-0.18*15).
=84.
B) What will happen to the demand as the price increases without bound?.
As the price increases demand decreses and follows exponential decay.