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Category > Business & Finance Posted 20 Jun 2017 My Price 6.00

Price demand equation

Price demand equation. The marginal price for a weekly demand of x bottles of shampoo in a drugstore is given by

Find the price demand equation if the weekly demand is 150 when the price of a bottle of shampoo is $8. What is the weekly demand when the price is $6.50?

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Alpha Geek
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Status NEW Posted 20 Jun 2017 11:06 AM My Price 6.00

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Attachments

file 1497959308-1940257_1_636331040597794747_Price-demand-equation.xlsx preview (129 words )
19-----------402-----------57&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------493-----------211-----------Pri-----------ce -----------dem-----------and----------- eq-----------uat-----------ion-----------. T-----------he -----------mar-----------gin-----------al -----------pri-----------ce -----------for----------- a -----------wee-----------kly----------- de-----------man-----------d o-----------f x----------- bo-----------ttl-----------es -----------of -----------sha-----------mpo-----------o i-----------n a----------- dr-----------ugs-----------tor-----------e i-----------s g-----------ive-----------n b-----------yFi-----------nd -----------the----------- pr-----------ice----------- de-----------man-----------d e-----------qua-----------tio-----------n i-----------f t-----------he -----------wee-----------kly----------- de-----------man-----------d i-----------s 1-----------50 -----------whe-----------n t-----------he -----------pri-----------ce -----------of -----------a b-----------ott-----------le -----------of -----------sha-----------mpo-----------o i-----------s $-----------8. -----------Mar-----------gin-----------al -----------Pri-----------ce,-----------P'(-----------x)=----------- -6-----------000-----------/(3-----------x+5-----------0)2----------- wh-----------ere----------- x -----------= w-----------eek-----------ly -----------dem-----------and----------- of----------- Bo-----------ttl-----------esT-----------he -----------pri-----------ce -----------P(x-----------) =-----------Int-----------egr-----------al -----------of -----------P'(-----------x)=-----------Int-----------egr-----------al -----------of -----------(-6-----------000----------- * -----------(3x-----------+50-----------) t-----------o p-----------owe-----------r ------------2))-----------)P(-----------x)=----------- 60-----------00 -----------* (-----------((3-----------x+5-----------0) -----------to -----------pow-----------er ------------1)-----------/3)-----------+CP-----------(x)-----------=
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