Blackboard X C UConn Web X Content X 4.5 Elasticit X Contact Us X Online Tutor X Nexus X qcenter.uits x M Inbox (282) X New Tab X + C webassign.net/web/Student/Assignment-Responses/last?dep=29468620 Update : UConn Law Societ... My Drive - Google... Blackboard Learn Uconn Huskies |... STAT TEXTBOOK student admin Order Receipt a geog textbook & UConn Soapbox Given the following price-demand function, find the elasticity of demand, E(p), and determine whether demand is elastic, inelastic, or has unit elasticity for the following values of p. (Round your answers to two decimal places.) x = 155,520 - 40p2 (a) p = 12 E(p) = 149760 X Determine the demand. O elastic O inelastic O unit elasticity (b) p = 42 E(p) = 84960 X Determine the demand. O elastic O inelastic O unit elasticity X (c) p = 10 E(p) = 151520 X Determine the demand. O elastic inelastic O unit elasticity[ Blackboai X UConn W X 1' Content 4.5 Elastit X E ContactL X :3 OnlineTur X 6 Nexus qcenteru X ' lnboxl28 6 C webassignnet ' r UConn Law Societ... ' My Drive - Google... / Blackboard Learn UConn Huskies |... STAT TEXTBOOK student admin Order Receipt geog textbook 9 UConn Soapbox 3. [-/1 Points] 0/6 Submissions Used The consumer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by x = (92 3p)2, where p is the price per dumbbell, and x is the demand in weekly sales. Find the price Professor Schwarzenegger should charge for his dumbbells in order to maximize revenue. (Round your answer to the nearest cent.) |:l 3 4. [-/2 Points] TAMUBUSCALC 4.6.003. 0/6 Submissions Used Assume that the price of a pair of running shoes is $60 and E(60) = 0.46. If the price is increased by $3, then what is the approximate change in demand? Round your answer to the nearest hundredth of a percent. i l l 1 The demand will Select- v by approximately \"/0. l l 5. [/5 Points] WANEAC7 5.6.001. 0/6 Submissions Used The weekly sales of Honolulu Red Oranges is given by q = 1092 - 21p. Calculate the price elasticity of demand when the price is $32 per orange (yes, $32 per orangef). Interpret your answer: The demand is going 7 v by % per 1% increase in price at that price level. l l l l i A so, calculate the price that gives a maximum weekly revenue. 1 $ 1 l l i l Find this maximum revenue. $ Blackboard X C UConn Web X Content X 4.5 Elasticit X Contact Us X Online Tutor X Nexus X qcenter.uits x M Inbox (282) X New Tab X + C webassign.net/web/Student/Assignment-Responses/last?dep=29468620 Update : UConn Law Societ... My Drive - Google... Blackboard Learn Uconn Huskies |... S STAT TEXTBOOK student admin Order Receipt a geog textbook UConn Soapbox Find this maximum revenue. $ 6. [-/6 Points] DETAILS WANEAC7 5.6.016. 0/6 Submissions Used MY NOTES The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula q = 101e - 3P / 2, where q is the demand in monthly sales and p is the retail price in hundreds of yen. (a) Determine the price elasticity of demand E when the retail price is set at Y300. E = Interpret your answer. The demand is going ? ~ by % per 1% increase in price at that price level. Thus, a large price |? is advised. (b) At what price will revenue be a maximum? (Round your answer to the nearest integer.) yen (c) Approximately how many paint-by-number sets will be sold per month at the price in part (b)? (Round your answer to the nearest integer.) paint-by-number sets per month Need Help? Watch It Submit Assignment Save Assignment ProgressBlackboard X C UConn Web X Content X 1 5.1 The Firs X Contact Us X Online Tutor X Nexus X qcenter.uits x M Inbox (282) X New Tab X + C webassign.net/web/Student/Assignment-Responses/last?dep=29468621 IS Update : UConn Law Societ... My Drive - Google... Blackboard Learn / UConn Huskies |... S STAT TEXTBOOK student admin Order Receipt a geog textbook