Consumer expenditurenbspsuppose that the demand for, Ask an Expert

Engineering

Consumer expenditure suppose that the demand for x units of a product is

x = 10,000 - 100p

where p dollars is the price per unit. Then the consumer expenditure for the product is

E(p) = px = p(10,000 - 100p) = 10,000p - 100p² What is the instantaneous rate of change of consumer expenditure with respect to price at

(a) any price p?

(b) p = 5?

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Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92597854

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