The demand equation for soccer tournament T-shirts is xy β 5,000 = y where y is the number of T-shirts the Enormous State University soccer team can sell at a price of $x per shirt. Find dy dx x = 6 . dy/dx x = 6 = T-shirts per dollar Interpret the result. When the price is set at $6, the demand is by T-shirts per $1 increase in price.
Question
Answer:
The given equation is:
x y β 5000 = y
Rewrite this to create an explicit equation:
x y β y = 5000
y ( x β 1) = 5000
y = 5000 / (x β 1)
Derive to get dy / dx:
dy = - 5000 dx / (x β 1)^2
dy / dx = - 5000 / (x β 1)^2
Β
So plugging in x = 6,
dy / dx = - 5000 / (6 β 1)^2
dy / dx = - 200
solved
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