A price p (in dollars) and demand x (in items) for a product are related by  2x2 − 5xp + 70p2 = 29,200. If the price is increasing at a rate of 4 dollars per month when the price is 20 dollars, find the rate of change of the demand with respect to time. (Round your answer to four decimal places.) The rate of change of demand with respect to time is ?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 5ECP
icon
Related questions
Question
A price p (in dollars) and demand x (in items) for a product are related by 
2x2 − 5xp + 70p2 = 29,200.
If the price is increasing at a rate of 4 dollars per month when the price is 20 dollars, find the rate of change of the demand with respect to time. (Round your answer to four decimal places.)
The rate of change of demand with respect to time is ?
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 1 steps with 1 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Calculus For The Life Sciences
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning