The marketing research department for a computer company used a large city to test market their new product.
They found that the relationship between the price and the demand was given approximately by
Find , the revenue function.
=
Now use the revenue function to do the following:
(A) Find the average of the values of all local maxima of
.
Note: If there are no local maxima, enter -1000.
Average of values =
(B) Find the average of the values of all local minima of
.
Note: If there are no local minima, enter -1000.
Average of values =
(C) Use interval notation to indicate where is concave up.
Note: Enter 'I' for , '-I' for , and 'U' for the union symbol.
If you have extra boxes, fill each in with an 'x'.
Concave up:
(D) Use interval notation to indicate where is concave down.
Concave down:
You can earn partial credit on this problem.