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.
2025/3/8
1. Problem Description
The problem gives the demand function , where is the price per unit and is the number of units.
(a) We need to find the price when the quantity demanded units. The answer should be rounded to the nearest cent.
(b) We need to find the quantity demanded when the price p = \2.01$ per unit. The answer should be rounded to the nearest unit.
2. Solution Steps
(a)
We are given . Substituting this into the demand function , we have
.
.
Rounding to the nearest cent, we get .
(b)
We are given . Substituting this into the demand function , we have
.
Divide both sides by 100:
.
Take the natural logarithm of both sides:
.
Rounding to the nearest unit, we get .
3. Final Answer
(a)
(b)