Question

The demand function for a product is given by p = 3000e−q/4. (a) At what price...

The demand function for a product is given by

p = 3000eq/4.

(a)

At what price per unit will the quantity demanded equal 12 units? (Round your answer to two decimal places.)

$

(b)

If the price is $54.90 per unit, how many units will be demanded, to the nearest unit?

units

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