Math Problem Statement
The monthly sales of Sunny Electronics' new sound system are given by q(t) = 2,000t − 100t^2 units per month, t months after its introduction. The price Sunny charges is p(t) = 1,000 − t^2 dollars per sound system, t months after introduction. Find the rate of change of monthly sales. q'(t) =
Find the rate of change of the price. p'(t) =
Find the rate of change of monthly revenue 5 months after the introduction of the sound system. $ per month
Interpret your answer. When t = , the revenue is increasing at a rate of $ per month.
Solution
Let's break this down step by step.
1. Find the rate of change of monthly sales:
The monthly sales function is given by:
To find the rate of change of sales, we differentiate with respect to :
So, the rate of change of monthly sales is:
2. Find the rate of change of the price:
The price function is given by:
We differentiate with respect to :
So, the rate of change of the price is:
3. Find the rate of change of monthly revenue 5 months after the introduction of the sound system
Revenue is the product of price and quantity sold :
Substitute the expressions for and :
We now differentiate with respect to . First, let's simplify the expression for by expanding the product:
Now, differentiate with respect to :
Next, substitute months into the derivative:
4. Interpretation
When months, the revenue is increasing at a rate of dollars per month.
Would you like more details on any of these calculations or explanations? Here are some related questions for further practice:
- What would the rate of change of sales be at months?
- How does the price change after 6 months? Calculate .
- Find the revenue at months (without differentiating).
- If the rate of change of price is negative, what does this mean in terms of business strategy?
- How does the rate of change of revenue behave as increases?
Tip: Always check whether the price and sales functions reflect real-world behavior over time, especially if long-term predictions are needed.
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Math Problem Analysis
Mathematical Concepts
Differentiation
Revenue Functions
Rate of Change
Formulas
q(t) = 2,000t - 100t^2
p(t) = 1,000 - t^2
R(t) = p(t) * q(t)
Theorems
Product Rule of Differentiation
Chain Rule
Suitable Grade Level
Grades 11-12
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