- #1
JBauer
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The demand function for a product is given by
x = D(p) = 1450 - 3p^3, 0<p<7.85 (please note these should both be less-than-or-equal-to signs)
(a) Find the number of units sold when the price per unit is $5.75.
D(5.75) = 1450 - 3(5.75)^3 = 879.67
Did I set this up correctly? Can anyone confirm this answer?
(b) Find the price per unit when 1000 units are sold.
How would I set this up?
Thanks!
J.B.
x = D(p) = 1450 - 3p^3, 0<p<7.85 (please note these should both be less-than-or-equal-to signs)
(a) Find the number of units sold when the price per unit is $5.75.
D(5.75) = 1450 - 3(5.75)^3 = 879.67
Did I set this up correctly? Can anyone confirm this answer?
(b) Find the price per unit when 1000 units are sold.
How would I set this up?
Thanks!
J.B.