Consumer expenditure for the product

Assignment Help Basic Computer Science

Reference no: EM131789172

Consumer expenditure suppose that the demand for x units of a product is

x = 10,000 - 100p

where p dollars is the price per unit. Then the consumer expenditure for the product is

E(p) = px = p(10,000 - 100p) = 10,000p - 100p² What is the instantaneous rate of change of consumer expenditure with respect to price at

(a) any price p?

(b) p = 5?

Reference no: EM131789172

Questions Cloud

Find the instantaneous rate of change : where x is the number of workers employed at the mill. If there are currently 50 workers, find the instantaneous rate of change of monthly output

Discuss net position for southern state university as june : Prepare, in good form, a Statement of Net Position for Southern State University as of June 30, 2015

Research about flow charts and cause-and-effect diagrams : Conduct research to explain what flow charts and cause-and-effect diagrams are and how they are used in the hospitality industry.

Graph the distribution of profit in the simulation : A Monte Carlo Analysis question: An online apparel retailer will sell winter coats this season. The retailer purchases the coats from a supplier at a cost.

Consumer expenditure for the product : where p dollars is the price per unit. Then the consumer expenditure for the product is

Was the document maker seeking a ricardian rent : However, when the assassin showed up to pay for the documents, the professional forger said that he had hidden the negatives.

Numerical derivative feature of a graphing calculator : In Problem find derivatives with the numerical derivative feature of a graphing calculator.

Explain the generic business strategies : Explain the generic business strategies, including cost, differentiation, and focus or hybrid information, for the selected firm.

Total cost function for a toy : Profit If the total revenue function and the total cost function for a toy are

User Account

All Pages