SOLUTION: If the price of a product is given by p=100e^q/(q+1), where q represents the number of hundreds of units, what will be the price when the producers are willing to supply 300 units?

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Question 193330: If the price of a product is given by p=100e^q/(q+1), where q represents the number of hundreds of units, what will be the price when the producers are willing to supply 300 units? Hint: e~2.718
Answer by RAY100(1637) About Me  (Show Source):
You can put this solution on YOUR website!
P=100e^(q/(q+1))
where q=300/100=3
P=100e^(3/4)=100e^.75=100*2.117=211.70