973 evitevned ad lo anoleblogA orliu 12.6 Elasticity O U.S. colleges equation q = ollege or univer- es) it charges.2 ion charged What would d have been if nat does the responding to ebnia. Obtain a formula for the price elasticity of demand for E = mc² T-shirts. %3D %3D b. Compute the elasticity of demand if the price is set at $10 per shirt. Interpret the result. c. How much should the Physics Club charge for the T-shirts to obtain the maximum daily revenue? What will this revenue be? PCLAIUR 10. Comics The demand curve for original Iguanawoman comics is given by bloa buce (400 – p)² ng od bail 1 have advised (0
973 evitevned ad lo anoleblogA orliu 12.6 Elasticity O U.S. colleges equation q = ollege or univer- es) it charges.2 ion charged What would d have been if nat does the responding to ebnia. Obtain a formula for the price elasticity of demand for E = mc² T-shirts. %3D %3D b. Compute the elasticity of demand if the price is set at $10 per shirt. Interpret the result. c. How much should the Physics Club charge for the T-shirts to obtain the maximum daily revenue? What will this revenue be? PCLAIUR 10. Comics The demand curve for original Iguanawoman comics is given by bloa buce (400 – p)² ng od bail 1 have advised (0
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Number 10
Transcribed Image Text:973
evitevned ad lo anoleblogA orliu 12.6 Elasticity
O U.S. colleges
equation q =
ollege or univer-
es) it charges.2
ion charged
What would
d have been if
nat does the
responding to
ebnia. Obtain a formula for the price elasticity of demand for
E = mc² T-shirts.
%3D
%3D
b. Compute the elasticity of demand if the price is set at
$10 per shirt. Interpret the result.
c. How much should the Physics Club charge for the
T-shirts to obtain the maximum daily revenue? What
will this revenue be?
PCLAIUR
10. Comics The demand curve for original Iguanawoman
comics is given by
bloa
buce
(400 – p)²
ng od bail
1 have advised
(0 <p< 400),
100
m bois
ze total
ting enroll-
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 rev-
enue the publisher can realize from sales of Iguana-
rail service in
ated by q =
%3D
re was $p."3
il increased
What was the
Vhat does the
ng to maxi-
woman comics?
11. E-Readers The demand for Amazon's Kindle e-reader can
as Monorail
be approximated by
y revenue,
ip and rev-
g(p) = 21e 0.0lP million units per year
(50<p<4
400),
where p is the price charged by Amazon.74 Obtain a formula for
price elasticity of demand E, and calculate its value at the two
endpoints of the given range of prices. Is the price that would
maximize annual revenue within the range of prices shown?
How would you know this without calculating that price?
for tissues is
ce per case of
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