6. Determine each of the following usingthe price demand equation,x= f(p) = 50 -0.5p² for 0≤x≤ 50 and 0≤p ≤ 10. Show work.or explain your answer.a. Find the equation for elasticity for de mand, E(p). b. Useansweryourfrom part (a) to determine whether demandis elastic, inelastic or has unit elasticity at a unit price offinal answerP= $4. Circleyour

Answered: Image /qna-images/answer/ab694d0e-ceec-4e38-a3d9-18aa4dc28498.jpg

Answered: Determine each of the following using…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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4. At Wally Motors, an auto engineer, in testing a new engine on one of its new models, found that the efficiency e of the engine as a function of the speed s of the car was given by e = 0.768s – 0.00004s. Here e is measured in percent and s is measured in km/hr. What is the maximum efficiency of the engine?
A. Find the average cost function for ? televisions produced. B. Find the instantaneous rate of change of the average cost function.
Pls help with this homework, asking remaining part d & e again. I have already solved part a,b & c. Find the equilibrium price and quantity for each of the following pairs of demand and supply functions.
a. If the supply of a commodity is given by p = 35 + 4 ln (2q + 1), where p is the unit price and q is the number of units supplied. Determine how many units will be supplied at a unit price of $54.80? b. If the demand function for a commodity is p = 700/ ln (q + 1), where p is the unit price and q is the number of units demanded. Determine how many units will be demanded at a unit price of $159.29? c. If you give your god child a gift $3000 towards a university education. How much will the $3000 be worth in 17 years if it was invested by the child’s mother at 10% compounded continuously?

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Determine each of the following using the price-demand equation, x= f(p)=50-0.5p² for 0≤x≤50 and 0≤p ≤ 10. Show work. or explain your answer. a. Find the equation for elasticity for de mand, E(p)