Problem 916

A company finds that consumer demand quantity change with respect to price at a rate given by Dā€™(p) = \frac{-3000}{p^{2}}.

Find the demand function if the company knows that 806 units of the product are demanded when the price is 5 dollar per unit.

 

Solution:-

 

D(p) = \frac{3000}{P} + 206

 

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