Chapter 3: Problem 17
Find the derivative. Assume \(a, b, c, k\) are constants. $$f(z)=-\frac{1}{z^{6.1}}$$
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Chapter 3: Problem 17
Find the derivative. Assume \(a, b, c, k\) are constants. $$f(z)=-\frac{1}{z^{6.1}}$$
These are the key concepts you need to understand to accurately answer the question.
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The quantity, \(q\), of a certain skateboard sold depends on the selling price, \(p\), in dollars, so we write \(q=f(p) .\) You are given that \(f(140)=15,000\) and \(f^{\prime}(140)=-100\) (a) What do \(f(140)=15,000\) and \(f^{\prime}(140)=-100\) tell you about the sales of skateboards? (b) The total revenue, \(R\), earned by the sale of skateboards is given by \(R=p q .\) Find \(\left.\frac{d R}{d p}\right|_{p=140}\) (c) What is the sign of \(\left.\frac{d R}{d p}\right|_{p=140}\) ? If the skateboards are currently selling for \(\$ 140,\) what happens to revenue if the price is increased to \(\$ 141 ?\)
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