Suppose customers in a hardware store are willing to buy N(p) boxes of nails at p dollars per box, as given by the follo
Posted: Wed Jul 06, 2022 11:57 am
Suppose customers in a hardware store are willing to buy N(p) boxes of nails at p dollars per box, as given by the following function. N(p) = 100-4p²; 1≤ps4 a. Find the average rate of change of demand for a change in price from $2 to $3. The average rate of change of demand for a change in price from $2 to $3 is - 20 boxes per dollar. (Type an integer or a decimal.) b. Find the instantaneous rate of change of demand when the price is $2. The instantaneous rate of change of demand when the price is $2 is - 16 boxes per dollar. (Type an integer or a decimal.) c. Find the instantaneous rate of change of demand when the price is $3. The instantaneous rate of change of demand when the price is $3 is - 24 boxes per dollar. (Type an integer or a decimal.)