Answered: A) Compute the elasticity of demand for…

A) Compute the elasticity of demand for x = D(p) = 40000 − 100p at p = 300. B) Find the price p that should be charged to maximize revenue.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 22SQ

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A) Compute the elasticity of demand for x = D(p) = 40000 − 100p at p = 300.

B) Find the price p that should be charged to maximize revenue.

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