Rev = P*x = 70000p/(3p+1)1/3
dR/dt = 70000(dp/dt)((3p+1)1/3 - p(3p+1)-2/3)/(3p+1)2/3
Plug in p and dp/dt
Eric Y.
asked 10/18/22A company selling widgets has found that the number of items sold x depends upon the price pp at which they're sold, according the equation x=70000/√3p+1 (3p+1 is all cube rooted)
Due to inflation and increasing health benefit costs, the company has been increasing the price by $3 per month. Find the rate at which revenue is changing when the company is selling widgets at $130 each.
Rev = P*x = 70000p/(3p+1)1/3
dR/dt = 70000(dp/dt)((3p+1)1/3 - p(3p+1)-2/3)/(3p+1)2/3
Plug in p and dp/dt
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