Question

The supply equation for a certain tee shirt is x = 3p2 + 2p where p...

The supply equation for a certain tee shirt is

x = 3p2 + 2p

where p dollars is the discount price per tee shirt when 1000x tee shirts are supplied.

1) Find the average rate of change of the supply per $1 change in the discount price when the price is increased from $10 to $11.

2) Find the instantaneous rate of change of the supply per $1 change in the discount price when the price is $10.

Homework Answers

Answer #1

Answer :

The supply equation for a certain tee shirt is

x = 3p2 + 2p

where p dollars is the discount price per tee shirt when 1000x tee shirts are supplied.

(a) The average rate of change of the supply per $1 change in the discount price when the price is increased from $10 to $11 is

  

The average rate change of the supply is 65

(b) The instantaneous rate of change of the supply per $1 change in the discount price when the price is $10 is

when p = 10 we have

  

The instantaneous rate of change of the supply is 62   

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose the supply and demand for a certain textbook are given by ​supply: P=(1/2)q ^2 and...
Suppose the supply and demand for a certain textbook are given by ​supply: P=(1/2)q ^2 and demand P=(-1/2)q^2+30 where p is the price and q is the quantity. Find the demand quantity and the supply quantity at a price of ​$25 1)The number of books that are demanded at a price of $25 is........ and the number of books supplied at a price of ​$25 is...... ​(Round to the nearest whole number as​ needed.)
Effect of Price on Supply of Eggs Suppose the wholesale price of a certain brand of...
Effect of Price on Supply of Eggs Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related to the weekly supply x (in thousands of cartons) by the following equation. 625p2 − x2 =100 If 22000 cartons of eggs are available at the beginning of a certain week and the price is falling at the rate of 3¢/carton/week, at what rate is the supply changing? (Round your answer to the nearest whole number.) (Hint:...
Suppose the demand for a product is given by 2p^3q = 500,000+500p^2 where p is price...
Suppose the demand for a product is given by 2p^3q = 500,000+500p^2 where p is price in dollars and q is the number of units sold.. a. Find the price elasticity of demand when p =$50.
Part 1) Find the derivative of the function f(x)=e^((x^2)/(x^2+4)) Part 2) Find the derivative of the...
Part 1) Find the derivative of the function f(x)=e^((x^2)/(x^2+4)) Part 2) Find the derivative of the function f(t)=(e(^t^2)+4t)^4 Part 3) Find the derivative of the function y=log6sqrt(8x+3) Part 4) The number x of stereo speakers a retail chain is willing to sell per week at a price of pp dollars is given by x=78sqrt(p+24) -390 Find the supply and instantaneous rate of change of supply when the price is 75 dollars. Supply = 386 Instantaneous rate of change of supply...
The demand equation for a certain cell phone is given by ? = −.001?2 + 250...
The demand equation for a certain cell phone is given by ? = −.001?2 + 250 where p is the price of per phone (in dollars) and q is the number of phones that can be sold at this price. The supply function is given by ? = 0.0006?2 + 0.02? + 100 dollars per camera. Find the equilibrium price and use it calculate the producers and at the equilibrium price level. ?? = ?̅?̅ − ∫ ?(?)??
Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related...
Suppose the wholesale price of a certain brand of medium-sized eggs p (in dollars/carton) is related to the weekly supply x (in thousands of cartons) by the following equation. 625p2 − x2 =100 If 32000 cartons of eggs are available at the beginning of a certain week and the price is falling at the rate of 5¢/carton/week, at what rate is the supply changing? (Round your answer to the nearest whole number.) (Hint: To find the value of p when...
The supply curve for a commodity has the equation p = 0.4 x − 2.5 ,...
The supply curve for a commodity has the equation p = 0.4 x − 2.5 , and the demand curve is p = 20 − 0.05 x , where p is in dollars. A. Find the equilibrium point. B. Find the consumers’ surplus. C. Find the producers’ surplus.
1). Find the consumer and producer surpluses by using the demand and supply functions, where p...
1). Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in millions). Demand Function Supply Function p = 410 − x p = 160 + x consumer surplus $_________ millionsproducer surplus $ ________millions 2) Find the consumer and producer surpluses by using the demand and supply functions, where p is the price (in dollars) and x is the number of units (in...
Suppose a market with supply function X=p/2, where X is quantity and p price. The demand...
Suppose a market with supply function X=p/2, where X is quantity and p price. The demand is infinitely inelastic at X=5.5. The government establishes an excise tax of 1€ per unit. The consumers are supposed to pay the tax. What is the price received by sellers and what is the after-tax price paid by consumers Select one: a. price sellers=11; price consumers =10 b. price sellers=10; price consumers =11 c. price sellers=12; price consumers =11 d. price sellers=11; price consumers...
1) The demand and supply functions for a certain product are given by p = 150...
1) The demand and supply functions for a certain product are given by p = 150 − 0.5 q and p = 0.002 q^ 2 + 1.5 where p is in dollars and q is the number of items. a) Which is the demand function? Why do you know? b) Find the equilibrium price and quantity. c) Find the total gains from trade at the equilibrium price.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT