An electronics company determines the demand function q=D(x)=sqrt(450-x5 ) for a new game where q is...
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?
Homework Answers
Add Answer to:
An electronics company determines the demand function
q=D(x)=sqrt(450-x5 ) for a new game where q is...
a. High Wire Electronics determines the following demand function for a new game: 9 = D(x)...
a. High Wire Electronics determines the following demand function for a new game: 9 = D(x) = V200 – x3. Where q is the number of games sold per day when the price is x dollars per game. Find the elasticity of demand. b. At what prices is elasticity of demand inelastic? Find the elasticity when price is $3. Interpret your result. d. At what price is revenue a maximum? e. What's the maximum revenue? c.
A garden shop determines the demand function Q=D(X)= 4x+300 over 10x+11 during early summer for t...
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?
Differentiate. 18) y 4ex2 Solve the problem. 19) Suppose that the amount in grams of a radioactive substance presen...
Differentiate. 18) y 4ex2 Solve the problem. 19) Suppose that the amount in grams of a radioactive substance present at time t (in years) is given by A(t)-550e-0.79t, Find the rate of change of the quantity present at the time when t -7. Find the derivative of the function. In 7x2 20) y 21) y- Solve the problem. 22) A CD store determines the following demand function for a particular album q Dx)-V470-x2, where q- the number of CDs sold...
The demand function for a Christmas music CD is given by q=D(p)=0.25(225−p2) where qq (measured in...
The demand function for a Christmas music CD is given by q=D(p)=0.25(225−p2) where qq (measured in units of a hundred) is the quantity demanded per week and pp is the unit price in dollars. (a) Find the elasticity function E(p)= (b) Evaluate the elasticity at 10. E(10)= (c) Should the unit price be lowered slightly from 10 in order to increase revenue? ? yes no (d) Use the elasticity of demand to find the price which maximizes revenue for this product. p= dollars...
10. The demand for a new computer game can be modeled by pa) 44 -9In(z) where pla) is the price c...
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...
A bakery works out a demand function for its chocolate chip cookies and finds it to...
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...
The demand for a product can be approximated by q=D(p)=80e−0.01p, where p represents the price of...
The demand for a product can be approximated by q=D(p)=80e−0.01p, where p represents the price of the product, in dollars, and q is the quantity demanded. (a) Find the elasticity function: E(p)= (b) Evaluate the elasticity at 5. E(5)= (c) Should the unit price be raised slightly from 5 in order to increase revenue? ? yes no (d) Use the elasticity of demand to find the price pp which maximizes revenue for this product. p=p= Round to three decimal places as needed.
The demand for a new computer game can be modeled by p(x) = 58 -8 In...
The demand for a new computer game can be modeled by p(x) = 58 -8 In x, for 0 5x5 800, where p(x) is the price consumers will pay, in dollars, and x is the number of games sold in thousands. Recall that total revenue is given by R(x)=x.p(x). Complete parts (a) through (c) below. a) Find R(x). R(x) = b) Find the marginal revenue, R'(x). R'(x)=0 c) How many units will be sold if the price that consumers are...
The demand for a new computer game can be modeled by p(x) = 58 -8 In...
The demand for a new computer game can be modeled by p(x) = 58 -8 In x, for 0 5x5 800, where p(x) is the price consumers will pay, in dollars, and x is the number of games sold in thousands. Recall that total revenue is given by R(x)=x.p(x). Complete parts (a) through (c) below. a) Find R(x). R(x) = b) Find the marginal revenue, R'(x). R'(x)=0 c) How many units will be sold if the price that consumers are...
The demand function for specialty steel products is given, where p is in dollars and q...
The demand function for
specialty steel products is given, where p is in dollars and q is
the number of units. p = 150 3 130 − q (a) Find the elasticity of
demand as a function of the quantity demanded, q. η = (b) Find the
point at which the demand is of unitary elasticity. q = Find
intervals in which the demand is inelastic and in which it is
elastic. (Enter your answers using interval notation.) inelastic
elastic...
a. High Wire Electronics determines the following demand function for a new game: 9 = D(x) = V200 – x3. Where q is the number of games sold per day when the price is x dollars per game. Find the elasticity of demand. b. At what prices is elasticity of demand inelastic? Find the elasticity when price is $3. Interpret your result. d. At what price is revenue a maximum? e. What's the maximum revenue? c.
Differentiate. 18) y 4ex2 Solve the problem. 19) Suppose that the amount in grams of a radioactive substance present at time t (in years) is given by A(t)-550e-0.79t, Find the rate of change of the quantity present at the time when t -7. Find the derivative of the function. In 7x2 20) y 21) y- Solve the problem. 22) A CD store determines the following demand function for a particular album q Dx)-V470-x2, where q- the number of CDs sold...
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...
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...
The demand for a new computer game can be modeled by p(x) = 58 -8 In x, for 0 5x5 800, where p(x) is the price consumers will pay, in dollars, and x is the number of games sold in thousands. Recall that total revenue is given by R(x)=x.p(x). Complete parts (a) through (c) below. a) Find R(x). R(x) = b) Find the marginal revenue, R'(x). R'(x)=0 c) How many units will be sold if the price that consumers are...
The demand for a new computer game can be modeled by p(x) = 58 -8 In x, for 0 5x5 800, where p(x) is the price consumers will pay, in dollars, and x is the number of games sold in thousands. Recall that total revenue is given by R(x)=x.p(x). Complete parts (a) through (c) below. a) Find R(x). R(x) = b) Find the marginal revenue, R'(x). R'(x)=0 c) How many units will be sold if the price that consumers are...
The demand function for
specialty steel products is given, where p is in dollars and q is
the number of units. p = 150 3 130 − q (a) Find the elasticity of
demand as a function of the quantity demanded, q. η = (b) Find the
point at which the demand is of unitary elasticity. q = Find
intervals in which the demand is inelastic and in which it is
elastic. (Enter your answers using interval notation.) inelastic
elastic...
Most questions answered within 3 hours.
-
. A marketing researcher conducted a survey of 25 shoppers
randomly selected at the local mall...
asked 13 minutes ago -
Create an comprehensive response to the
following:
Antimicrobial agents work on a multitude of microbes (bacteria,...
asked 15 minutes ago -
6.13 LAB: Step counter. Section 6.3.
A pedometer treats walking 2,000 steps as walking 1 mile....
asked 10 minutes ago -
(14.2) A block of mass m = 10 kg riding on a frictionless
horizontal plane is...
asked 14 minutes ago -
Use any search engine to search for articles about Starbucks
partnership with Tata Companies in India...
asked 12 minutes ago -
Let’s say that for some reason Bank Excess Reserves suddenly
increase sharply. What effect would this...
asked 21 minutes ago -
Given:
Curent Assets: $600,000
Total Assets: $2,600,000
Current Liabilities: $500,000
Total Liabilities: $1,700,000
What is the...
asked 26 minutes ago -
1. What is a “Bankster”? What is insider trading? Why is it
illegal?
2. What is...
asked 24 minutes ago -
A transverse wave on a cord is given by
D(x,t)=0.18sin(2.7x−61.0t), where Dand x are in m...
asked 31 minutes ago -
ASSIGNMENT
ANSWER ANY TWO OF THE FOLLOWING IN 2-3 PARAGRAPHS OF EACH
QUESTION.
1: Where is...
asked 30 minutes ago -
Question 1 (5 marks)
Studies have shown that the price elasticity for GP
consultations is -0.2...
asked 32 minutes ago -
The owner of 22 restaurants was asked how he does marketing
research. He answered that he...
asked 36 minutes ago