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For the demand function q =D(x) = 100 find the following a) The elasticity b) The elasticity at x 7, stating whether the demand is elastic, inelastic, or has unit elasticity c) The value(s) of x for which total revenue is a maximum (assume that x is in dollars) a) Find the equation for elasticity E(x) = 1 b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic, or has unit elasticity E(7) =| (Simplify your answer. Type an integer or a fraction.)

For the demand function q =D(x) = 100 find the following a) The elasticity b) The elasticity at x 7, stating whether the demand is elastic, inelastic, or has unit elasticity c) The value(s) of x for which total revenue is a maximum (assume that x is in dollars) a) Find the equation for elasticity E(x) = 1 b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic, or has unit elasticity E(7) =| (Simplify your answer. Type an integer or a fraction.)

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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100 find the following. For the demand function q= D(x)%= a) The elasticity b) The elasticity at x = 7, stating whether the demand is elastic, inelastic, or has unit elasticity c) The value(s) of x for which total revenue is a maximum (assume that x is in dollars) a) Find the equation for elasticity E(x) = 1 b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic, or has unit elasticity E(7) = (Simplify your answer. Type an integer or a fraction.)
Transcribed Image Text:100 find the following. For the demand function q= D(x)%= a) The elasticity b) The elasticity at x = 7, stating whether the demand is elastic, inelastic, or has unit elasticity c) The value(s) of x for which total revenue is a maximum (assume that x is in dollars) a) Find the equation for elasticity E(x) = 1 b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic, or has unit elasticity E(7) = (Simplify your answer. Type an integer or a fraction.)
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