Question

In: Advanced Math

a)The demand function for a product is modeled by p = 12,000 1 − 7 7...

a)The demand function for a product is modeled by

p = 12,000

1 −

7
7 + e−0.001x

.

Find the price p (in dollars) of the product when the quantity demanded is x = 1000 units and x = 1500 units. What is the limit of the price as x increases without bound?

  x = 1000 units (Round your answer to two decimal places.)____$
  x = 1500 units (Round your answer to two decimal places.)___$
What is the limit of the price as x increases without bound?___$

B)The population P (in thousands) of Charlotte, North Carolina from 1980 through 2013 can be modeled by

P = 321e0.0275t where t = 0 corresponds to 1980.† (Round your answers to the nearest whole number.)What was the population of Charlotte in 2013? people
In what year will the population of Charlotte reach 1,900,000?

Solutions

Expert Solution

Colby Messinger answered 2 years ago
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