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What is the rate of change of demand (x)...

What is the rate of change of demand (x) of a commodity with respect to it’s price (y) If `y = 10 + x + 25x^(3)`

A

`10/(1+ 75x^(2))`

B

`1/(1+75x^(2))`

C

`1+ 75x^(2)`

D

`-1/(1+75x^(2))`

Text Solution

AI Generated Solution

The correct Answer is:
To find the rate of change of demand \( x \) of a commodity with respect to its price \( y \), given the equation: \[ y = 10 + x + 25x^3 \] we need to follow these steps: ### Step 1: Differentiate \( y \) with respect to \( x \) We start by differentiating the equation with respect to \( x \): \[ \frac{dy}{dx} = \frac{d}{dx}(10) + \frac{d}{dx}(x) + \frac{d}{dx}(25x^3) \] Calculating each term: - The derivative of \( 10 \) is \( 0 \). - The derivative of \( x \) is \( 1 \). - The derivative of \( 25x^3 \) is \( 75x^2 \) (using the power rule). Putting it all together: \[ \frac{dy}{dx} = 0 + 1 + 75x^2 = 1 + 75x^2 \] ### Step 2: Find \( \frac{dx}{dy} \) Now, we need to find the rate of change of \( x \) with respect to \( y \), which is the reciprocal of \( \frac{dy}{dx} \): \[ \frac{dx}{dy} = \frac{1}{\frac{dy}{dx}} = \frac{1}{1 + 75x^2} \] ### Final Answer Thus, the rate of change of demand \( x \) with respect to its price \( y \) is: \[ \frac{dx}{dy} = \frac{1}{1 + 75x^2} \]
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