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The demand for a product is given by the following demand function:

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Express Lane Plus
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4 weeks ago Edited: 4 weeks ago, bio_man
 The demand for a product is given by the following demand function: The demand for a product is given by the following demand function: O.007q + 85 where q is units in demand and D(q) is the price per item, in dollars. If 5, 900 units are in demand, what price can be charged for each item? Price per unit = S Attached file Thumbnail(s): You must login or register to gain access to this attachment. Read 32 times 1 Reply
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wrote...
Educator
4 weeks ago
 Substitute 5900 into the function to get the slope.D(q) = -0.007q + 85D(5900) = -0.007(5900) + 85D(5900) = \$43.70 / item
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