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Related rates problem.. When the price of a certain commodity is \(p\) dollars per unit, the manufacturer is willing to supply x thousand units, where \(x^2−2x\sqrt{p}-p^2=31\). How fast is the supply changing when the price is $9 per unit and is increasing at the rate of 20 cents per week?
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I differentiated the function already. the rate being \(\frac{dp}{dt}=0.2\) Need \(\frac{dx}{dt}\) when \(p=9\) What about x..?
substitute 9 in for p and solve for x
now you have everything to solve for dx/dt
Thank you!
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