Mathematik-Online problems: Problem 987: Derivative of Demand Function

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	Mathematik-Online problems:
	Problem 987: Derivative of Demand Function

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Suppose the demand set for tins of caviar is

$\displaystyle D=\left\{(q,p)\vert \; p^3q=8000\right\},$

where

is the number of tins (in thousands per week) and

is the price per tin (in dollars).

(a): If is increased from $ to $, what will be the expected fall in sales, approximately?
(b): If, on the other hand, production were to be increased from tins per week to , what would be the expected fall in price?

(Author: Rafee )

see also:

automatisch erstellt am 9. 11. 2004