please give a up vote, if it helps you
a. High Wire Electronics determines the following demand function for a new game: 9 = D(x)...
An electronics company determines the demand function q=D(x)=sqrt(450-x5 ) for a new game where q is the number of games sold per day when the price is x dollars per game. a) Find the elasticity. b) Find the elasticity at nx=3 c) At x=3, will a small increase in price cause the total revenue to increase or decrease?
A garden shop determines the demand function Q=D(X)= 4x+300 over 10x+11 during early summer for tomato plants where q is the number of plants sold per day when the price is x dollars per plant. A. find the elasticity B. find the elasticity when x=3 C. at $3 per plant, will a small increase in price cause the total revenue to increase or decrease?
For the demand function q =D(P) = 340 - p, find the following. a) The elasticity b) The elasticity at p = 105, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity E(p) = 0 b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity....
A bakery works out a demand function for its chocolate chip cookies and finds it to be q equals Upper D left parenthesis x right parenthesis equals 567 minus 22 xq=D(x)=567−22x, where qq is the quantity of cookies sold when the price percookie, in cents, is xx. Use this information to answer parts a) through f). A bakery works out a demand function for its chocolate chip cookies and finds it to be q=Dx) = 567-22x, where is the quantity...
For the demand function q = D(p) = /452 - p, find the following. a) The elasticity b) The elasticity at p= 107, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars)
For the demand function q = D(p) = 453 - p, find the following. a) The elasticity b) The elasticity at p = 118, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity. E(p) =
Given the demand function q = function. – 0.06p? + 3p find the elasticity E = Preview Use the elasticity function to determine the elasticity of demand when the price is $11.00 E(11) = Preview At this price, we would say the demand is: Inelastic Unit Elastic Elastic Based on this, to increase revenue we should: Keep Prices Unchanged Lower Prices Raise Prices License Points possible: 5 This is attempt 1 of 5.
12. Given the demand function is Q 180 5P, find the following: a The revenue finction b. The revnue maximizing output and price c. The own-price elasticity of demand at P $80 d. The level ofe and P where the own-price elasticity of demand (ED) is equal to one, in absolute value. What is the nature of total revenue when lEDl 1? 13. Assume that the demand function is Q demand at each of the following prices a. b. $7...
The demand for wooden chairs can be modeled as D(p)-0.01p 5.75 million chairs where p is the price (in dollars) of a chair. (a) Find the point of unit elasticity. The point of elasticity occurs when p-$ and D(p) million chairs. b) For what prices is demand elastic? For what prices is demand inelastic? Demand is inelastic for Demand is elastic for p< p< The demand for wooden chairs can be modeled as D(p)-0.01p 5.75 million chairs where p is...
10. The demand for a new computer game can be modeled by pa) 44 -9In(z) where pla) is the price consumers will pay, in dollars, and r is the number of games sold, in thousands. Find the following 1. Find the total revenue R(r) 2. Find the marginal revenue R(x): 3. At what price will the total revenue be maximized? 10. The demand for a new computer game can be modeled by pa) 44 -9In(z) where pla) is the price...