Chapter 4: Problem 98
Explain why it is obvious, without any calculation, that \(\frac{d}{d x} \ln e^{x}=1\).
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Chapter 4: Problem 98
Explain why it is obvious, without any calculation, that \(\frac{d}{d x} \ln e^{x}=1\).
These are the key concepts you need to understand to accurately answer the question.
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The weekly sales (in thousands) of a new product are predicted to be \(S(x)=1000-900 e^{-0.1 x}\) after \(x\) weeks. Find the rate of change of sales after: a. 1 week. b. 10 weeks.
For each demand function \(D(p)\) : a. Find the elasticity of demand \(E(p)\). b. Determine whether the demand is elastic, inelastic, or unit-elastic at the given price \(p\). $$ D(p)=\sqrt{175-3 p}, \quad p=50 $$
For each demand function \(D(p)\) : a. Find the elasticity of demand \(E(p)\). b. Determine whether the demand is elastic, inelastic, or unit-elastic at the given price \(p\). $$ D(p)=\sqrt{100-2 p}, \quad p=20 $$
A supply function \(S(p)\) gives the total amount of a product that producers are willing to supply at a given price \(p\). The elasticity of supply is defined as $$ E_{s}(p)=\frac{p \cdot S^{\prime}(p)}{S(p)} $$ Elasticity of supply measures the relative increase in supply resulting from a small relative increase in price. It is less useful than elasticity of demand, however, since it is not related to total revenue. Use the preceding formula to find the elasticity of supply for a supply function of the form \(S(p)=a e^{c p}\), where \(a\) and \(c\) are positive constants.
For each function, find the indicated expressions. \(f(x)=x^{2} \ln x-x^{2}, \quad\) find \(\quad\) a. \(f^{\prime}(x) \quad\) b. \(f^{\prime}(e)\)
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