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For the demand function q = D(p)=339-p, find the following. a) The elasticity b) The elasticity at p = 108, stating whether the demand
For the demand function q = D(p)=339-p, find the following. a) The elasticity b) The elasticity at p = 108, 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)
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Numerical Analysis
Authors: Richard L. Burden, J. Douglas Faires
9th edition
538733519, 978-1133169338, 1133169333, 978-0538733519
