The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q = 2000 e − 3 p 2 + 2 p where p was the monthly access charge and q is the number of subscribers.

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Answer 1

Question

Chapter 12, Problem 38RE

(a)

To determine

To calculate: The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(b)

To determine

To calculate: The elasticity of the demand when the monthly access charge is set at $2 per month and the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(c)

To determine

To calculate: The price the company should charge in order to obtain largest revenue where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

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Answer 2

Question

Chapter 12, Problem 38RE

(a)

To determine

To calculate: The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(b)

To determine

To calculate: The elasticity of the demand when the monthly access charge is set at $2 per month and the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(c)

To determine

To calculate: The price the company should charge in order to obtain largest revenue where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 38RE

(a)

To determine

To calculate: The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(b)

To determine

To calculate: The elasticity of the demand when the monthly access charge is set at $2 per month and the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(c)

To determine

To calculate: The price the company should charge in order to obtain largest revenue where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 38RE

(a)

To determine

To calculate: The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(b)

To determine

To calculate: The elasticity of the demand when the monthly access charge is set at $2 per month and the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(c)

To determine

To calculate: The price the company should charge in order to obtain largest revenue where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 38RE

(a)

To determine

To calculate: The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(b)

To determine

To calculate: The elasticity of the demand when the monthly access charge is set at $2 per month and the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

(c)

To determine

To calculate: The price the company should charge in order to obtain largest revenue where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Answer 6

Chapter 12, Problem 38RE

(a)

To determine

To calculate: The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Answer 7

Chapter 12, Problem 38RE

(a)

To determine

To calculate: The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Answer 8

(b)

To determine

To calculate: The elasticity of the demand when the monthly access charge is set at $2 per month and the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Answer 9

(b)

To determine

To calculate: The elasticity of the demand when the monthly access charge is set at $2 per month and the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Answer 10

(c)

To determine

To calculate: The price the company should charge in order to obtain largest revenue where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Answer 11

(c)

To determine

To calculate: The price the company should charge in order to obtain largest revenue where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

Answer 12

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Answer 13

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Answer 14

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Answer 15

The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q = 2000 e − 3 p 2 + 2 p where p was the monthly access charge and q is the number of subscribers.

Solution Summary: The author calculates the price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q=2000e-3p2

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To calculate: The price elasticity of the demand as a function of p where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

To calculate: The elasticity of the demand when the monthly access charge is set at $2 per month and the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

To calculate: The price the company should charge in order to obtain largest revenue where the consumer demand for BOL (Better on line) is given by the equation q=2000e−3p2+2p where p was the monthly access charge and q is the number of subscribers.

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Chapter 12 Solutions