Business, 11.06.2020 23:57 jasminecoronetti44

Suppose D(x) = 30 x is the demand price per ounce for a certain product. That is, the typical consumer is willing to pay D(x) dollars per ounce when buying x ounces of the product. The marginal demand is defined as the instantaneous rate of change in demand. In other words, the marginal demand for x ounces of product is equal to D0 (x). If we write MD(x) to denote the marginal demand function, find a formula for MD(x). In other words, calculate D0 (x). Show your work! Note: if the concept of demand and marginal demand is confusing you, then simply focus on finding D0 (x) when D(x) = 30 x . I’m providing this additional context to help you see how the concept of a derivative can be applied in an economic setting

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Suppose D(x) = 30 x is the demand price per ounce for a certain product. That is, the typical consum...

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