Find the elasticity of the demand function

Assignment Help Mathematics
Reference no: EM132059880

P is in dollars and q is the number of units. Find the elasticity of the demand function 4p+3q=143 at the price p= $10. Round answer to two decimal place.

A. What is the elasticity when p= 10?

B. What type of elasticity is this?

C. How would a price increase affect revenue?

Reference no: EM132059880

Questions Cloud

What rate is the price changing : Whole sale price p of oranges (in dollars per crate) and the daily supply x (in thousands of crates) are related by equation px+7x+8p=328.
Rectangles of cardboard by cutting squares : Vanilla Box Company is going to make open-topped boxes out of 18 × 14-inch rectangles of cardboard by cutting squares out of the corners
Context of discrete mathematics : Within the context of Discrete mathematics please assist in answering the following questions:
Density as the interstellar medium : To how large a diameter in cm would you have to expand the balloon to make the gas inside the same density as the interstellar medium, about 1 particle/cm3?
Find the elasticity of the demand function : P is in dollars and q is the number of units. Find the elasticity of the demand function 4p+3q=143 at the price p= $10. Round answer to two decimal place.
How far does the car travel during its first 10 seconds : The velocity of a car after t seconds is 3t^2 feet per second. (a) How far does the car travel during its first 10 seconds?
How many trees should be planted on an acre in order : How many trees should be planted on an acre in order to get the highest? yield?
Five non-zero terms of the taylor series expansion : Find the first five non-zero terms of the Taylor series expansion for f(x) = ?3sqrt(x)? , around the point a = 8,
Find the derivative of the inverse of a function : How do you find the derivative of the inverse of a function, d/dx (g^-1(x)), when given a table with values for g(x) and d/dx (g(x))?

Reviews

Write a Review

Mathematics Questions & Answers

  Estimate the area of property

in a survey of a piece of oceanfront property measurements of the distance to the water were made every 50 feet algon a 200 foot side estimate the area of property

  Explain the gcd algorithm

Write (and run on several different inputs) a program to implement Euclid's extended GCD algorithm. Be sure to return x and y in addition to the GCD.

  Actual interest rate paid by the treasury

The given treasury bill was sold in April of this year. Find (i) the price of the T-Bill, and (ii) the actual interest rate paid by the treasury. Round dollars to the nearest cent and interest rates to the nearest thousandth.

  Thirty randomly selected students took the calculus final

thirty randomly selected students took the calculus final. if the sample mean was 89 and the standard deviation was 6.2

  How many voters must be polled to be 95% confident

Suppose that it is a presidential election year and Ohio is one of the "swing" states. Your polling company wants to conduct a presidential preference poll of the citizens of Ohio to predict which candidate will win the election.

  Find total revenue when the shirts are p dollars each

Selling shirts. If a vendor charges p dollars each for rugby shirts, then he expects to sell 2000 - 100p shirts at a tournament. a) Find a polynomial R(p) that represents the total revenue when the shirts are p dollars each.

  Coordinates of the image

A triangle has vertices of (0,2), (3,0), (0, -3). If it is dilated with center at the origin, and a scale factor of 2, what will be the coordinates of the image

  Complex variables and applications

f(z) is defined by the equations: f(z)=1 when y 0, and C is the arc from z=-1-i to z=1+i along the curve y = x^3. The answer is given as 2+3i.

  Construct a fully-labelled histogram using the table

In an analysis of the results on the entrance exam for a particular academic department at a University, Rania randomly selected 30 students who wrote the exam last year and compiled the data into the following table.

  Find and simplify the profit function

Find and simplify the profit function.

  How many different gelly roll pens are there

When redeeming a prize coupon, you may choose one of six charms and either one of three carabiners or one of two bracelets. How many different prize choices could you make?

  Integer or simplified fraction for matrix element

Write x as the sum of two vectors, one in Span {u1, u2, u3}, and one in Span {u1,...,u4} is an orthogonal basis for R4.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd