Selections for (a): a) -2.5 b) -3 c) -1.5Selections for (b): a) 3.2 b) 5.3 c) 4.5Selections for (c): a) -1/3 b) -5/6 c) -1/6 **Demand Function for a Firm's Product**The demand function for a firm's product is given by \( q = 18(3p_s - 2p)^{1/3} \), where:- \( q \) = monthly demand (measured in thousands of units)- \( p_s \) = average price of a substitute for the firm's product (measured in dollars)- \( p \) = price of the firm's good (measured in dollars).### Calculations:1. **Partial Derivative with respect to \( p \):**\[ \left. \frac{\partial q}{\partial p} \right|_{p=2}^{p_s=4} \]Drop-down menu provided for selecting the answer.2. **Partial Derivative with respect to \( p_s \):**\[ \left. \frac{\partial q}{\partial p_s} \right|_{p=2}^{p_s=4} \]Drop-down menu provided for selecting the answer.3. **Price Elasticity of Demand \( \eta_{q/p} \):**\[ \eta_{q/p} \left|_{p=2}^{p_s=4} \right. \]Drop-down menu provided for selecting the answer.

Answered: Image /qna-images/answer/09def8a1-da2c-4ee2-950b-142fb8b97d53.jpg

The demand function for a firm's product is given by q = 18(3p, 2p)¹/3, where • q = monthly demand (measured in 1000s of units) • Ps= average price of a substitute for the firm's product (measured in dollars) • p = price of the firm's good (measured in dollars). θα (a) [Select] др р=2 P8=4 Əq (b) app-2 Ps=4 (c) n₁/p| p=2 Ps=4 [Select] [Select]

The demand function for a firm's product is given by q = 18(3p, 2p)¹/3, where • q = monthly demand (measured in 1000s of units) • Ps= average price of a substitute for the firm's product (measured in dollars) • p = price of the firm's good (measured in dollars). θα (a) [Select] др р=2 P8=4 Əq (b) app-2 Ps=4 (c) n₁/p| p=2 Ps=4 [Select] [Select]

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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