a) Find the elasticity, using calculus, of P = -2Q + 9 when Q = 2
b)Find the elasticity, using calculus, of P = Q2 – 10Q + 25 when Q = 3
a) Find the elasticity, using calculus, of P = -2Q + 9 when Q = 2...
(a) Find the elasticity, using calculus, of P = -3Q + 18 when Q = 4 (b) Find the elasticity, using calculus, of P = Q^2-8Q+16 when Q=2
Problem 1 (a) Find the elasticity, using calculus, of P = -3Q + 18 when Q-4 (b) Find the elasticity, using calculus, of P = Q? - 8Q + 16 when Q = 2
Monopoly: Assume: P = 16 – 2Q TC = 3Q^2 + 4Q + 3 Find: P,Q, TR,TC, profit, and elasticity at profit max. Please show all your work
9. A good’s demand is given by P =400-2Q At P=80 the point elasticity is
The demand equation for a manufacturers product is p= 200/√(6000+ 10q^2) verify that q=2 when p= 2 1) determine the point elasticity of demand when p= 2 is demand elastic is it inelastic or unit elasticity at this point???
6. Suppose you are given the average cost function, AC=2Q+5+ 30/Q. Using calculus, determine the marginal cost associated with this function. Determine the value of the firm's marginal cost when Q=50. Graph the MC function with MC on the vertical axis and Q on the horizontal.
ASAP 6. Suppose you are given the average cost function, AC=2Q+5+ 30/Q. Using calculus, determine the marginal cost associated with this function. Determine the value of the firm's marginal cost when Q=50. Graph the MC function with MC on the vertical axis and Q on the horizontal.
Solve for the elasticity of substitution for the following production function using calculus: y = ((a^p)+(b^p))^k/p
The demand is given by P = 100 – 2Q, where P is the price and Q is the quantity demanded. Find the price at which the own-price elasticity is – 2.
If the demand function for a product is given by p=4400/q+3 ; find the elasticity for this demand function when p = $220. Round your answer off to 2 decimal places. Elasticity = E =