a.) The consumer demand curve for Professor Stefan Schwarzenegger’s dumbbells is given by x = (95 − 2p)^2 , where p is the price per dumbbell, and x is the demand in weekly sales. [A] Find the Elasticity of Demand function E(p) and evaluate it at the price p = $20. Is the demand elastic, inelastic, or does it have unit elasticity? Explain what this means in your own words.  b.) Find the price Professor Schwarzenegger should charge for his dumbbells in order to

Q: 2. The price-demand equation for a certain product is 0.2x + 20p = 120. a) For what range of…

A:

Q: 4. The price p a book company charges for its most recent book is related to the demand q in weekly…

A: given equation 100pq+q2=5,000,000 which represents the relation between price and demand

Q: The earnings of a company depend on three variables a, b, and æ, and is given by the function A (a,…

A: On solving this we will get the rate of change of the given function with respect to variable a

Q: The price elasticity of supply for bananas is 0.2. If the price rises by 5%, what will happen to the…

A: Price elasticity of supply= (% change in quantity supplied)/ (% change in price)

Q: What is the marginal weekly cost at production level 142 sleeping bags per week? What is the average…

A: Given: x (sleeping bags) p ($) C ($) 95 240 13000 120 235 14300 180 155 18500 220 50…

Q: 7) The profit (in dollars) derived from selling z units of an alarm clock is given by P= 0.0002z° +…

A: Marginal Profit is the derivative of profit function. Please see the explanation below

Q: Consider the demand for tickets to see a specific hockey team play. The price of the ticket can be…

A: 1st we will find profit function and then use derivative to maximize profit  .

Q: Define the Derivatives of the following Linear Functions: 1)Total Cost Function 2) Consumption…

A: 1)Total Cost Function   2) Consumption function