Suppose that the demand of a certain item is Q 100e-0.02p. Remember, elasticity is given by the function: E = e. Evaluate the elasticity at p = 50: = E(50) = dQ
Suppose that the demand of a certain item is Q 100e-0.02p. Remember, elasticity is given by the function: E = e. Evaluate the elasticity at p = 50: = E(50) = dQ
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter3: The Derivative
Section3.3: Rates Of Change
Problem 19E: Find the instantaneous rate of change for each function at the given value. f(x)=x2+2x at x=0
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![Suppose that the demand of a certain item is
Q 100e-0.02p. Remember, elasticity is given by
=
the function: E =
dQ p
dp Q
Evaluate the elasticity at p = 50:
E(50) =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc3231216-ac6a-463c-8e67-724e263e6aaa%2F4fdbc272-42e4-4b4a-ba45-aa0e5eb625e0%2F243ehm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that the demand of a certain item is
Q 100e-0.02p. Remember, elasticity is given by
=
the function: E =
dQ p
dp Q
Evaluate the elasticity at p = 50:
E(50) =
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