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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:
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
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Educator
4 weeks ago
Substitute 5900 into the function to get the slope.

D(q) = -0.007q + 85

D(5900) = -0.007(5900) + 85
D(5900) = $43.70 / item
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