The demand equation for the Grinch Industries marble polisher is given by q = 2 ln(3/Y – 4p). where q = monthly demand for Gl marble polishers (measured in 100s of polishers) p = the price of a Gl marble polisher (measured in dollars) Y= the average income in the marble polisher market (measured in dollars). Find q. q, and qy if p = 35 and Y= 4000. (Round your answers to 3 decimal places.) Find the price-elasticity of demand at the point in part (a). (b)
The demand equation for the Grinch Industries marble polisher is given by q = 2 ln(3/Y – 4p). where q = monthly demand for Gl marble polishers (measured in 100s of polishers) p = the price of a Gl marble polisher (measured in dollars) Y= the average income in the marble polisher market (measured in dollars). Find q. q, and qy if p = 35 and Y= 4000. (Round your answers to 3 decimal places.) Find the price-elasticity of demand at the point in part (a). (b)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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