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March 15th, 2012, 02:51 PM   #1
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marginal price and price-demand

This is a word problem. I really don't understand what they are asking here.

If the marginal price dp/dx at x units of demand per week is proportional to the price p, and if at $80 there is no weekly demand [p(0)=80] and if at $50.18 there is a weekly demand of 8 units [p(=50.18] find the price-demand equation

Thank you for your help. I really appreciate it. This site helps so much. Thank you for everyone that has helped me in the past.
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March 15th, 2012, 03:01 PM   #2
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Re: marginal price and price-demand



















so the price-demand equation is

where k is calculated as above.
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March 15th, 2012, 03:07 PM   #3
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Re: marginal price and price-demand

thank you iceman. That cleared things up completely.
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