The problem gives the demand function $p = 100e^{-q/2}$, where $p$ is the price per unit and $q$ is the number of units. (a) We need to find the price $p$ when the quantity demanded $q = 6$ units. The answer should be rounded to the nearest cent. (b) We need to find the quantity demanded $q$ when the price $p = \$2.01$ per unit. The answer should be rounded to the nearest unit.

Applied MathematicsExponential FunctionsDemand FunctionLogarithmsApproximation
2025/3/8

1. Problem Description

The problem gives the demand function p=100eq/2p = 100e^{-q/2}, where pp is the price per unit and qq is the number of units.
(a) We need to find the price pp when the quantity demanded q=6q = 6 units. The answer should be rounded to the nearest cent.
(b) We need to find the quantity demanded qq when the price p = \2.01$ per unit. The answer should be rounded to the nearest unit.

2. Solution Steps

(a)
We are given q=6q = 6. Substituting this into the demand function p=100eq/2p = 100e^{-q/2}, we have
p=100e6/2=100e3p = 100e^{-6/2} = 100e^{-3}.
p100(0.049787)4.9787p \approx 100(0.049787) \approx 4.9787.
Rounding to the nearest cent, we get p=4.98p = 4.98.
(b)
We are given p=2.01p = 2.01. Substituting this into the demand function p=100eq/2p = 100e^{-q/2}, we have
2.01=100eq/22.01 = 100e^{-q/2}.
Divide both sides by 100:
0.0201=eq/20.0201 = e^{-q/2}.
Take the natural logarithm of both sides:
ln(0.0201)=ln(eq/2)\ln(0.0201) = \ln(e^{-q/2})
ln(0.0201)=q/2\ln(0.0201) = -q/2
q=2ln(0.0201)q = -2\ln(0.0201)
q2(3.9084)7.8168q \approx -2(-3.9084) \approx 7.8168.
Rounding to the nearest unit, we get q=8q = 8.

3. Final Answer

(a)
4.984.98
(b)
88

Related problems in "Applied Mathematics"

Question 33: Yakubu's scores in five out of six subjects are 95, 87, 85, 93, and 94. If he requires ...

AveragesVolume of a PyramidBearingsGeometryWord Problems
2025/6/3

A rectangular parallelepiped-shaped container has a length of 80 cm and a width of 30 cm. 40 identic...

Volume CalculationUnit ConversionRate of ChangeWord Problem
2025/6/3

The problem asks us to establish the opening balance sheet based on the provided information as of J...

AccountingBalance SheetIncome StatementTrial BalanceFinancial Statements
2025/6/2

The problem asks which color code corresponds to a $3.9 k\Omega$ resistor.

ElectronicsResistorsColor CodeUnits ConversionEngineering
2025/6/1

The problem asks which color code corresponds to a $3.9 k\Omega$ resistor, given the standard resist...

ElectronicsResistor Color CodeOhm's Law
2025/6/1

The problem is to determine the reactions at supports A and D for a simply supported beam subjected ...

StaticsStructural MechanicsBeam AnalysisEquilibriumMoment Calculation
2025/6/1

Two people, one on a motorcycle and one on a bicycle, start from two cities that are 450 km apart an...

Word ProblemDistance, Rate, and TimeLinear Equations
2025/5/31

A convex lens has a focal length of 15 cm. As shown in the diagram, the lens is placed on a laborato...

OpticsLens FormulaRay DiagramsMagnification
2025/5/31

The problem asks to find the AC signal output, $V_0$, of the given circuit. The circuit consists of ...

Circuit AnalysisAC SignalsDiodeApproximation
2025/5/30

The problem asks to find the AC signal output $V_0$ of the given circuit. The circuit consists of a ...

Circuit AnalysisElectronicsDiodesAC SignalVoltage DividerOhm's Law
2025/5/29