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Let =250.01 and ( )=2 +9,000, 0 2,500 be the price-demand equation and cost function, respectively, for the manufacture of umbrellas. Find the break-even point(s).

Let =250.01 and ()=2+9,000, 02,500 be the price-demand equation and cost function, respectively, for the manufacture of umbrellas.

  1. Find the break-even point(s).
  2. What is the elasticity of demand when =$5? If this price is increased by 10, what is the approximate percentage change in demand?

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