Question
The demand function for Wally Winka's Neverending Lollipops is given by p = (8 x )ln( x + 8) where p is the wholesale unit
The demand function for Wally Winka's Neverending Lollipops is given by p = (8 x)ln(x + 8) where p is the wholesale unit price in dollars and x is the quantity demanded each week, measured in units of a thousand. Compute the price, p, when x = 4. Do not round your answer. Price, p = Use implicit differentiation to compute the rate of change of demand with respect to price, p, when x = 4. Do not round your answer. Rate of change of demand, x' =
Compute the elasticity of demand when x = 4. Do not round your answer. Elasticity of Demand =
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