Calculus with Applications (10th Edition)

Published by Pearson
ISBN 10: 0321749006
ISBN 13: 978-0-32174-900-0

Chapter 6 - Applications of the Derivative - 6.4 Implicit Differentiation - 6.4 Exercises - Page 335: 42

Answer

The demand equation for a certain product is $$ 2p^{2}+q^{2}=1600; $$ (a) $\frac{d q}{d p}$: the rate of change of demand with respect to price is given by: $$ \begin{aligned} \frac{dq}{d p}&= \frac{-2p}{q }. \end{aligned} $$ (b) $\frac{d p}{d q}$: the rate of change of price with respect to demand is given by: $$ \begin{aligned} \frac{dp}{d q} &= \frac{-q}{2p} .\\ \end{aligned} $$

Work Step by Step

The demand equation for a certain product is $$ 2p^{2}+q^{2}=1600; $$ (a) $\frac{d q}{d p}$: the rate of change of demand with respect to price. Now, we can calculate $\frac{d q}{d p}$ by implicit differentiation, $$ \begin{aligned} \frac{d}{d p}(2p^{2}+q^{2} )&=\frac{d}{d p}(1600 ) \\ (4p+2q \frac{dq}{d p} )&=0\\ 2q \frac{dq}{d p} &=-4p\\ \frac{dq}{d p}&= \frac{-4p}{2q }\\ \frac{dq}{d p}&= \frac{-2p}{q }.\\ \end{aligned} $$ (b) $\frac{d p}{d q}$: the rate of change of price with respect to demand . Now, we can calculate $\frac{d p}{d q}$ by implicit differentiation, $$ \begin{aligned} \frac{d}{d q}(2p^{2}+q^{2} )&=\frac{d}{d q}(1600 ) \\ (4p \frac{dp}{d q}+2q )&=0\\ 4p \frac{dp}{d q} &=-2q\\ \frac{dp}{d q} &= \frac{-2q}{4p} \\ \frac{dp}{d q} &= \frac{-q}{2p} .\\ \end{aligned} $$
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