Calculus & Its Applications (14th Edition)

14th Edition

ISBN: 9780134437774

Author: Larry J. Goldstein, David C. Lay, David I. Schneider, Nakhle H. Asmar

Publisher: PEARSON

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Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 …

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experime…

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Textbook Question

Chapter 5.3, Problem 23E

Elasticity of Demand A country that is the major supplier of a certain commodity wishes to improve its balance-of-trade position by lowering the price of the commodity. The demand function is q = 1000 / p 2 .

Compute E ( p ) .

Will the country succeed in raising its revenue?

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Chapter 5.3, Problem 22E

Chapter 5.3, Problem 24E

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Chapter 5 Solutions

Calculus & Its Applications (14th Edition)

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Elasticity of Demand A country that is the major supplier of a certain commodity wishes to improve its balance-of-trade position by lowering the price of the commodity. The demand function is q = 1000 / p 2 . Compute E ( p ) . Will the country succeed in raising its revenue?

Solution Summary: The author calculates the elasticity of demand E(p) for the demand function q=1000/p

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