The Demand Function for a Product Is Given by

question 39

Multiple Choice

The demand function for a product is given by , where p is the price per unit in dollars when x units are demanded. Find the second derivative to see whether the rate at which the price is changing at 30 units is increasing or decreasing. ​

• A) increasing
• B) decreasing

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Definitions:

Financial Gain

The increase in monetary resources, often resulting from business activities, investments, or other financial transactions.

Added Value

The increase in worth of a product or service as a result of a particular process.

Product Development

The process of conceptualizing, designing, building, and bringing a new product to the market.

Product Strategies

Product strategies involve planning and execution techniques focused on developing, positioning, and selling products in a way that maximizes business success.