Answer:
a) 210.8 b) 10.77 c) 0
Step-by-step explanation:
a)p = 8000(1 - 5/5 + e^-0.002x).
when x = 1000 units
p = 8000 ( 1 - (5 / (5 + e ^(-0.002 × 1000)))= 210.8
b) when x = 2500
p = 8000 ( 1 - (5/(5 + e ^(-0.002 × 2500)))
p = 10.77
c) [/tex][tex]\lim_{x \to \infty} p[/tex]
p = 8000 ( 1 - (5/(5+ e^(-0.002∞)))
p = 8000 ( 1 - (5 / (5+ e^-∞))
e^-∞ = 0
p =8000( 1- (5/5))
p = 8000 (1-1) = 0
the limit of price as x increase without bound reduces to zero
