Determine rate that profit changes as the function of time


The product is introduced to market. Weekly profit (in dollars) of that product decays exponentially as function of price which is charged (in dollars) and is provided by P(x)=95000*e^(-0.02*x)

Assume price in dollars of that product, x(t), changes over time t (in weeks) as provided by x(t)=40+0.82*t^2

Determine rate that profit changes as the function of time, P'(t)?

How fast profit is changing with respect to time five weeks after introduction?

 

Request for Solution File

Ask an Expert for Answer!!
Mathematics: Determine rate that profit changes as the function of time
Reference No:- TGS0866914

Expected delivery within 24 Hours