calculus homework 4/7

label Calculus
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The demand function for a product is given by p=3000e^-q/3,  where p is price per unit when q units are demanded.

a. at what price per unit will the quantity demanded equal 6 units?

b. If the price is $159.40 per unit, how many units will be demanded? (nearest whole unit)

Apr 8th, 2015

a.  p = 3000e^-6/3 = 3000e^-2 = $406 per unit

b.  159.40 = 3000e^-q/3

e^-q/3 = 159.4/3000

ln(e^-q/3) = ln(159.4/3000)

-q/3 = ln(159.4/3000)

q = -3ln(159.4/3000) = 8.8 = 9 units

Apr 8th, 2015

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