Revenue: A company selling widgets has found that....

[amotewelli]

A company selling widgets has found that the number of items sold,X, depends upon the price, P at which they're sold, according the equation X=20000/((0.4p+1)^2)

Due to inflation and increasing health benefit costs, the company has been increasing the price by $0.02 per month. Find the rate at which revenue is changing when the company is selling widgets at $3 each.

Revenue is deacreasing by _____________________ Dollars per month.

Hint: Give your answer as a positive value

 

[galactus]

Revenue = number of items sold times price per item.

R=PX.

You need dR/dt given dP/dt=1/50 and P=3