For each of the following demand functions, find (a) E, and (b) Values of q (if any)
Question:
For each of the following demand functions, find
(a) E, and
(b) Values of q (if any) at which total revenue is maximized.
q = 48,000 - 10p2
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
q 48000 10p 2 a b When R is maximum q1 ...View the full answer
Answered By
Mario Alvarez
I teach Statistics and Probability for students of my university ( Univerisity Centroamerican Jose Simeon Canas) in my free time and when students ask for me, I prepare and teach students that are in courses of Statistics and Probability. Also I teach students of the University Francisco Gavidia and Universidad of El Salvador that need help in some topics about Statistics, Probability, Math, Calculus. I love teaching Statistics and Probability! Why me?
** I have experience in Statistics and Probability topics for middle school, high school and university.
** I always want to share my knowledge with my students and have a great relationship with them.
** I have experience working with students online.
** I am very patient with my students and highly committed with them
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
For each of the following functions f: R R, determine whether f is invertible, and, if so, determine f-1. (a) f = {(x, y)|2x + 3y = 7} (b) f = {(x, y)\ax + by = c,b f 0} (c) f = {(x,y)\y =x3} (d) f...
-
For each of the following functions on R to R, find points of relative extrema, the intervals on which the function is increasing, and those on which it is decreasing: (a) f(x) := x2 - 3x + 5. (b)...
-
For each of the following functions /: Z -> Z, determine whether the function is one-to-one and whether it is onto. If the function is not onto, determine the range /(Z). (a) f{x) = x + 7 (b) fix) =...
-
Write a program that draws two circles with radius 15 pixels, centered at random locations, with a line connecting the two circles. The line should not cross inside the circles, as shown in Figure...
-
Dr. Whitley Avard, a plastic surgeon, had just returned from a conference in which she learned of a new surgical procedure for removing wrinkles around eyes, reducing the time to perform the normal...
-
In an on-line computer application: a. The system provides for a response to the user. b. Records may be updated immediately as transactions occur. c. Report terminals are usually an integral part of...
-
nevte
-
The price elasticity of demand for air travel differs radically from first-class (1.3) to unrestricted coach (1.4) to restricted discount coach (1.9). What do these elasticities mean for optimal...
-
The accountants at Myer Industries have prepared the company's financial statements, which revealed a low return on stockholders' investments and poor managerial performance. As a result, this...
-
A pulse from a laser of power 1mW lasts for 10ns. If the number of photons emitted per second is 3.491 x 10, calculate the wavelength of the laser.
-
A company wishes to manufacture a box with a volume of 36 ft 3 that is open on top and is twice as long as it is wide. Find the dimensions of the box produced from the minimum amount of material.
-
A manufacturing firm needs to design an open-topped box with a square base. The box must hold 32 in 3 . Find the dimensions of the box that can be built with the minimum amount of materials. (See the...
-
Determine the terminal voltage of each battery in Fig. 19-54. r= 2.0 2 8 = 18 V R= 4.8 2 r= 1.0 2 E = 12 V
-
Explain in details the reasons for your classifications. Classify the following processes as batch, continuous, or semibatch, and transient or steady- state. 1. A balloon is filled with air at a...
-
Question 5. A first responder drone of mass m slug is launched with a velocity vo ft/sec and constant engine force F from a level ground and moves vertically upward to discover a sense of life in a...
-
As part of the investigation of the collapse of the roof of a building. a testing laboratory is given all the available bolts that connected the steel structure at 3 different positions on the roof....
-
1) Baris Diary Co. has three product and divisions for production process of Milk, Yogurt and Cheese. Company's data show following resulst for 2014: Milk Yogurt Revenue 100.000TL 125.000TL Cheese...
-
Problem 11-4B (Algo) Prepare a statement of cash flows-indirect method (LO11-2, 11-3, 11-4, 11-5) The income statement, balance sheets, and additional information for Virtual Gaming Systems are...
-
Assuming AB = 10, verify that the 2-bit counter shown in Figure P5.28 is a ring counter. Derive the state diagram. Clk Clk K Q Q A J Clk K Q Q B
-
The executor of Gina Purcells estate has recorded the following information: Assets discovered at death (at fair value): Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
Simplify each expression, writing the answer as a single term without negative exponents. n 2n= - 2m m + n
-
Simplify each expression. Assume that all variables represent positive real numbers. Write answers with only positive exponents. C 7d-2 -2
-
Simplify each expression. Assume that all variables represent positive real numbers. Write answers with only positive exponents. a - 1-3 79
-
Fig 1. Rolling a 4 on a D4 A four sided die (D4), shaped like a pyramid (or tetrahedron), has 4 flat surfaces opposite four corner points. A number (1, 2, 3, or 4) appears close to the edge of each...
-
I just need help with question #4 please! Thank you! Windsor Manufacturing uses MRP to schedule its production. Below is the Bill of Material (BOM) for Product A. The quantity needed of the part...
-
(25) Suppose that we have an economy consisting of two farmers, Cornelius and Wheaton, who unsurprisingly farm corn c and wheat w, respectively. Assume that both farmers produce their crop of choice...
Study smarter with the SolutionInn App