Calculate the coefficient of elasticity, knowing that the average value of the outcome sign is 87.5, the average value of the factor sign is 11.8, and the parameter 1 is 1.87:

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter9: Decision Making Under Uncertainty
Section: Chapter Questions
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Calculate the coefficient of elasticity, knowing that the average value of the outcome sign is 87.5, the average value of the factor sign is 11.8, and the parameter 1 is 1.87:
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