Demand According to economic theory, the demand x for a quantity in a free market decreases as the price p increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from a retail chain at a price of $p is given by x= 1,000 0.3p+1' 10 ≤ p ≤ 70. Answer parts (A), (B), and (C). X 500- 250- x= 1,000 0.3p+1 40 Price (dollars) 80 b) Find S(5) and S'(5). The value of S(5) rounded to the nearest hundredth is 10. The value of S'(5) rounded to the nearest hundredth is 3.2.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.CR: Chapter Review
Problem 16E: Find the intensity of light at a depth of 12 meter if I0=14 and k=0.7. Round to two decimals.
Question

After 6 ​months, the total sales will be approximately how many​ DVD's?

Demand
According to economic theory, the demand x for a quantity in a free market decreases as the price p
increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from
a retail chain at a price of $p is given by x=
1,000
0.3p+1'
10 ≤ p ≤ 70.
Answer parts (A), (B), and (C).
X
500-
250-
x=
1,000
0.3p+1
40
Price (dollars)
80
Transcribed Image Text:Demand According to economic theory, the demand x for a quantity in a free market decreases as the price p increases (see the figure). Suppose that the number x of DVD players people are willing to buy per week from a retail chain at a price of $p is given by x= 1,000 0.3p+1' 10 ≤ p ≤ 70. Answer parts (A), (B), and (C). X 500- 250- x= 1,000 0.3p+1 40 Price (dollars) 80
b) Find S(5) and S'(5).
The value of S(5) rounded to the nearest hundredth is 10.
The value of S'(5) rounded to the nearest hundredth is 3.2.
Transcribed Image Text:b) Find S(5) and S'(5). The value of S(5) rounded to the nearest hundredth is 10. The value of S'(5) rounded to the nearest hundredth is 3.2.
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