The demand curve for original Iguanawoman comics is given by (489-p)2 (0 s p ≤ 489), 50 9- where q is the number of coples 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 $35 per copy. (Round your answer to two decimal places.) (b) Find the price at which the publisher should sell the books to maximize weekly revenue. (Round your answer to the nearest cent.) (c) What, to the nearest $1, is the maximum weekly revenue the publisher can realize from sales of Iguanawoman comics? Need Help? Raad It Watch it
The demand curve for original Iguanawoman comics is given by (489-p)2 (0 s p ≤ 489), 50 9- where q is the number of coples 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 $35 per copy. (Round your answer to two decimal places.) (b) Find the price at which the publisher should sell the books to maximize weekly revenue. (Round your answer to the nearest cent.) (c) What, to the nearest $1, is the maximum weekly revenue the publisher can realize from sales of Iguanawoman comics? Need Help? Raad It Watch it
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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Transcribed Image Text:The demand curve for original Iguanawoman comics is given by
(489-p)²
(0 sps 489),
50
9-
where q is the number of coples 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 $35 per copy. (Round your answer to two decimal places.)
(b) Find the price at which the publisher should sell the books to maximize weekly revenue. (Round your answer to the nearest cent.)
(c) What, to the nearest $1, is the maximum weekly revenue the publisher can realize from sales of Iguanawoman comics?
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Raad It
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