For the demand function q= D(p)%3D201-p, find the following. a) The elasticity b) The elasticity at p 92, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity. E(p) = b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity E(92) = (Simplify your answer. Type an integer or a fraction.) Is the demand elastic, inelastic, or does it have unit elast elastic inelastic unit elasticity c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars). 2$ (Round to the nearest cent Use a comma to separate answers as needed.)

For the demand function q= D(p)%3D201-p, find the following. a) The elasticity b) The elasticity at p 92, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity. E(p) = b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity E(92) = (Simplify your answer. Type an integer or a fraction.) Is the demand elastic, inelastic, or does it have unit elast elastic inelastic unit elasticity c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars). 2$ (Round to the nearest cent Use a comma to separate answers as needed.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Ans for part D
Define the term Expenses?
$ per unit 100.00- 90.00- 80.00 70.00- -00 09 50.00- 40.00- 30.00- 20.00- 10.00- 0 10 20 30 MR 40 50 Quantity OK 09 70 MC=ATC D 09 90 100
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Please no written by hand and no emage
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