The demand slope is given by D(p) = 20 / sqrt (p -
1)
The slope of the curve is the value of the first
derivative at the required point.
D(p) = 20 / sqrt (p -
1)
=> 20* ( p -
1)^(-1/2)
D'(p) = 20*(-1/2)*(p
-1)^(-3/2)
At the point (5, 10), the slope
is
D'(5) = -20*(1/2)*(5
-1)^(-3/2)
=>
-20*(1/2)*(4)^(-3/2)
=>
-20*(1/2)/8
=>
-20/16
=>
-1.25
The slope of the demand graph at (5,
10) is -1.25.
No comments:
Post a Comment