rusticoroad
Mar 9, 2011, 07:10 AM
I have a derivative question.
If "p" is price and "q" is quantity, and the demand for a product is q = 5000e(-0.08p) (exponential function), what is the derivative of demand with respect to price when p=$10. Interpret answer in terms of demand.
If "p" is price and "q" is quantity, and the demand for a product is q = 5000e(-0.08p) (exponential function), what is the derivative of demand with respect to price when p=$10. Interpret answer in terms of demand.