Mathematics, 21.01.2020 20:31 amandaestevez030
Suppose that the weekly sales volume y (in thousands of units sold) depends on the price per unit (in dollars) of the product according to the following formula.
y = 31(3p + 1)−2/5, p > 0
(a) what is the rate of change in sales volume when the price is $23? (round your answer to three decimal places.)
dy
dp
=?
(b) interpret your answer to part (a). (round your answer to the nearest whole number.)
if the price increases $1, the sales volume will decrease by ?
Answers: 2
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Suppose that the weekly sales volume y (in thousands of units sold) depends on the price per unit (i...
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