The demand function for a firm's product is given by q = 18(3p, 2p)¹/3, where • q = monthly demand (measured in 1000s of units) • Ps= average price of a substitute for the firm's product (measured in dollars) • p = price of the firm's good (measured in dollars). θα (a) [Select] др р=2 P8=4 Əq (b) app-2 Ps=4 (c) n₁/p| p=2 Ps=4 [Select] [Select]

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter9: Multivariable Calculus
Section9.3: Maxima And Minima
Problem 19E
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Selections for (a): a) -2.5    b) -3     c) -1.5

Selections for (b): a) 3.2     b) 5.3     c) 4.5

Selections for (c): a) -1/3     b) -5/6    c)  -1/6

 

The demand function for a firm's product is given by q = 18(3p, - 2p)¹/³, where
• q = monthly demand (measured in 1000s of units)
●
Ps= average price of a substitute for the firm's product (measured in dollars)
• p = price of the firm's good (measured in dollars).
əq
(a)
[Select]
Op p=2
Ps=4
да
(b)
aps
p=2
8
P8=4
(c) ng/p\
p=2 =
P8=4
[Select]
[Select]
Transcribed Image Text:The demand function for a firm's product is given by q = 18(3p, - 2p)¹/³, where • q = monthly demand (measured in 1000s of units) ● Ps= average price of a substitute for the firm's product (measured in dollars) • p = price of the firm's good (measured in dollars). əq (a) [Select] Op p=2 Ps=4 да (b) aps p=2 8 P8=4 (c) ng/p\ p=2 = P8=4 [Select] [Select]
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