Mathematics, 26.12.2019 05:31 donterriuscollier
The demand for a certain commodity is d(x) = 5000e−.02x units per month when the market price is x dollars per unit.
(a) at what rate is the consumer expenditure e(x) = xd(x) changing with respect to price x when the price is equal to $110 dollars?
(b) at what price does consumer expenditure stop increasing and begin to decrease?
(c) at what price does the rate of consumer expenditure begin to increase?
Answers: 1
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