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10. Comics The demand curve for original Iguanawoman comics is given by (400 – p)? q= (0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

10. Comics The demand curve for original Iguanawoman comics is given by
(400 – p)²
(0 <p< 400),
100
where q is the number of copies the publisher can sell per week if it sets the price at $p.
a. Find the price elasticity of demand when the price is set at $40 per copy.
b. Find the price at which the publisher should sell the comics to maximize weekly revenue.
c. What, to the nearest $1, is the maximum weekly revenue the publisher can realize from sales
of Iguanawoman comics?

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