The Monthly Demand for a Certain Brand of Table Wine

question 255

Short Answer

The monthly demand for a certain brand of table wine is given by the demand equation
​ where p denotes the wholesale price per case (in dollars) and x denotes the number of cases demanded.
​
Find the rate of change of the price to the nearest hundredth of a cent per case when x = 1,000.
​
__________ cents per case
​
What is the price per case when x = 1,000.
​
$__________ / case

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Definitions:

Deferred Tax Asset

An accounting term representing a future tax benefit that results from the difference between the accounting and tax treatment of a transaction, recognizable in future periods when taxes are settled.

Deferred Tax Liability

A tax obligation that a company owes but does not have to pay until a future date, often due to timing differences in recognizing income and expenses.

Consolidation Adjustment

Adjustments made to the financial statements of a parent company and its subsidiaries to eliminate intercompany transactions and balances for the purpose of consolidation.

Company Tax Rate

The percentage of a company's taxable profits that it must pay to the government as tax.