Comics The demand curve for original Iguanawoman comics is given by (400 – p)² (0 < p< 400), 100 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 cony.

Algebra and Trigonometry (6th Edition)
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Author:Robert F. Blitzer
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ChapterP: Prerequisites: Fundamental Concepts Of Algebra
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Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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. Comics The demand curve for original Iguanawoman
comics is given by
(400 – p)²
q =
(0 < p < 400),
100
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-
woma comies?
三MO
Transcribed Image Text:. Comics The demand curve for original Iguanawoman comics is given by (400 – p)² q = (0 < p < 400), 100 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- woma comies? 三MO
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