Question
A garden shop determines the demand function q=D(x)=5x+200/20x+7 during early summer for tomato plants where q is the number of plants sold per day when
A garden shop determines the demand function q=D(x)=5x+200/20x+7 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=2.
(c) At $2 perplant, will a small increase in price cause the total revenue to increase ordecrease?
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Square Summable Power Series
Authors: Louis De Branges, James Rovnyak
1st Edition
0486801365, 9780486801360
