The value of p for which the value of E ( p ) is 1 . Also find when demand is inelastic.

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Answer 1

Question

Chapter 5.3, Problem 29E

(a)

To determine

The value of p for which the value of E(p) is 1. Also find when demand is inelastic.

(b)

To determine

To Graph: The revenue function in the window [0, 4] by [−5000, 50,000]. Where the demand function is q= 60,000e−0.5p. Also determine where its maximum value occur and value of p such that the revenue increasing function.

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Answer 2

Question

Chapter 5.3, Problem 29E

(a)

To determine

The value of p for which the value of E(p) is 1. Also find when demand is inelastic.

(b)

To determine

To Graph: The revenue function in the window [0, 4] by [−5000, 50,000]. Where the demand function is q= 60,000e−0.5p. Also determine where its maximum value occur and value of p such that the revenue increasing function.

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Answer 3

Question

Chapter 5.3, Problem 29E

(a)

To determine

The value of p for which the value of E(p) is 1. Also find when demand is inelastic.

(b)

To determine

To Graph: The revenue function in the window [0, 4] by [−5000, 50,000]. Where the demand function is q= 60,000e−0.5p. Also determine where its maximum value occur and value of p such that the revenue increasing function.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 5.3, Problem 29E

(a)

To determine

The value of p for which the value of E(p) is 1. Also find when demand is inelastic.

(b)

To determine

To Graph: The revenue function in the window [0, 4] by [−5000, 50,000]. Where the demand function is q= 60,000e−0.5p. Also determine where its maximum value occur and value of p such that the revenue increasing function.

Expert Solution & Answer

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Answer 5

Chapter 5.3, Problem 29E

(a)

To determine

The value of p for which the value of E(p) is 1. Also find when demand is inelastic.

(b)

To determine

To Graph: The revenue function in the window [0, 4] by [−5000, 50,000]. Where the demand function is q= 60,000e−0.5p. Also determine where its maximum value occur and value of p such that the revenue increasing function.

Answer 6

Chapter 5.3, Problem 29E

(a)

To determine

The value of p for which the value of E(p) is 1. Also find when demand is inelastic.

Answer 7

Chapter 5.3, Problem 29E

(a)

To determine

The value of p for which the value of E(p) is 1. Also find when demand is inelastic.

Answer 8

(b)

To determine

To Graph: The revenue function in the window [0, 4] by [−5000, 50,000]. Where the demand function is q= 60,000e−0.5p. Also determine where its maximum value occur and value of p such that the revenue increasing function.

Answer 9

(b)

To determine

To Graph: The revenue function in the window [0, 4] by [−5000, 50,000]. Where the demand function is q= 60,000e−0.5p. Also determine where its maximum value occur and value of p such that the revenue increasing function.

Answer 10

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Answer 11

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Answer 12

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Answer 13

The value of p for which the value of E ( p ) is 1 . Also find when demand is inelastic.

Solution Summary: The author explains the elasticity of demand E(p) at p=2, which is 1.

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The value of p for which the value of E(p) is 1. Also find when demand is inelastic.

To Graph: The revenue function in the window [0, 4] by [−5000, 50,000]. Where the demand function is q= 60,000e−0.5p. Also determine where its maximum value occur and value of p such that the revenue increasing function.

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