If the price of a product is given by P(x)= 1024/x + 1200, where x represents the demand for the product, find the rate of change of price when the demand is 8.
Added by Pamela M.
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This will give us the rate of change of price with respect to demand. The derivative of P(x) = 1024/x + 1200 with respect to x is: P'(x) = -1024/x^2 Now, we need to find the rate of change of price when the demand is 8. To do this, we plug x = 8 into the Show more…
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