Problem

A company finds that the rate at which the quantity of a product that consumers demand changes with respect to price is given by the marginal-demand function
D(x)=2000x2
where x is the price per unit, in dollars. Find the demand function if it is known that 1004 units of the product are demanded by consumers when the price is $2 per unit.
D(x)=

Answer

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Answer

D(x)=2000x+4 is the final answer.

Steps

Step 1 :Given the marginal-demand function D(x)=2000x2, where x is the price per unit in dollars.

Step 2 :To find the demand function, we need to integrate the derivative function.

Step 3 :The integral of 2000x2 is 2000x.

Step 4 :We also know that 1004 units of the product are demanded when the price is $2 per unit. This gives us the equation C+20002=1004.

Step 5 :Solving this equation, we find that the constant of integration, C, is 4.

Step 6 :Therefore, the demand function is D(x)=2000x+4.

Step 7 :D(x)=2000x+4 is the final answer.

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