Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
A sporting goods manufacturer determines that the demand function for a certain brand of skateboards is x=D(p)=1000e-0.01p , where p is the price of a skateboard in dollars and x is in number of skateboards sold each month. (a) For the demand function for the barstools is x=D(p)=1000e-0.01p , the elasticity is E(p)= (b) When p=90 , the elasticity E(90) = The demand is --Select-- v, the manufacturer should ---Select--- v the price to increase its revenue. (c) The price the manufacturer should charge per skateboard in order to maximize its revenue is p= dollars.

A sporting goods manufacturer determines that the demand function for a certain brand of skateboards is x=D(p)=1000e-0.01p , where p is the price of a skateboard in dollars and x is in number of skateboards sold each month. (a) For the demand function for the barstools is x=D(p)=1000e-0.01p , the elasticity is E(p)= (b) When p=90 , the elasticity E(90) = The demand is --Select-- v, the manufacturer should ---Select--- v the price to increase its revenue. (c) The price the manufacturer should charge per skateboard in order to maximize its revenue is p= dollars.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
See similar textbooks
icon
Related questions
Question
A sporting goods manufacturer determines that the demand function for a certain brand of skateboards is x=D(p)=1000e-0.01P , where p is the price of a skateboard in dollars and x is in number of skateboards sold each month. (a) For the demand function for the barstools is x=D(p)=D1000e-0.01p , the elasticity is E(p)= (b) When p=90, the elasticity E(90)= . The demand is -Select--- v the manufacturer should Select--- v the price to increase its revenue. (c) The price the manufacturer should charge per skateboard in order to maximize its revenue is p= dollars.
Transcribed Image Text:A sporting goods manufacturer determines that the demand function for a certain brand of skateboards is x=D(p)=1000e-0.01P , where p is the price of a skateboard in dollars and x is in number of skateboards sold each month. (a) For the demand function for the barstools is x=D(p)=D1000e-0.01p , the elasticity is E(p)= (b) When p=90, the elasticity E(90)= . The demand is -Select--- v the manufacturer should Select--- v the price to increase its revenue. (c) The price the manufacturer should charge per skateboard in order to maximize its revenue is p= dollars.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,
SEE MORE TEXTBOOKS