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OpenStudy (anonymous):
If the unit product is initially $84 in a market for which the equilibrium price of the product is $24, then according to the Evans price-adjustment model, the price of the product after t days is P(t)=24+60e^(-t/50) what is the average price for the product during the first 2o days? Average price =1/____ * b-a *________dt where a=__ and b=__ Finnaly we get average price = ________ this value has units_________
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