dnprops8847 dnprops8847

27-05-2023
Mathematics

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A company's demand equation is x = √3125 - p², where p is the price in dollars. Find dp/dx when p = 50.
dp/dx = _____X
Interpret your answer.
a. Prices decrease by the absolute value of dp/dx for each increase of 1 in quantity.
b. Changing the quantity will not affect price.
c. Prices increase by the absolute value of dp/dx for each increase of 1 in quantity.

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