Assume perfect competition takes place in the market for hotel rooms. The current market equilibrium price for a standard room is RM300 per night. c. Show the loss in net benefits from hotel use resulting from the tax.

What is the price elasticity of demand at the profit-maximizing price for a company that has demand function Q = 140 - 0.2P and cost function C = 100Q? A. -1/5B. -1C. -4/3D. -2

A1). The price, p, that a bookstore charges for a special gift edition of a popular trilogy is related to the demand, q, by the equation 100pq + q? = 5,000,000. Suppose the price is currently set at $40. (a). At what rate is the demand currently changing with respect to this price? (Include units) (b). At what rate is the revenue currently changing with respect to this price? (Hint: use the chain rule). (Include units). (c). Suppose the demand is currently increasing at a rate of 50 copies per month. How fast is the price currently changing per month? (again, assume the price is currently $40).Include units.

PQ 8.05 Your local music venue has a capacity of 70 people. Suppose the venue decreases the price of a ticket from $20, at which 50 tickets are sold, to $15, and it sells 70 tickets. The price decrease caused an increase in total consumer surplus of $ this scenario out before trying to calculate). -- (Hint: draw Type your numeric answer and submit

If the unit selling price p(x) and the quantity supplied x of a certain product is given by p(x) = x4e9x + 3, find the marginal revenue function R'(x). R'(x) = Submit Answer -/1 Points] Math 110 Course Resources - Marginal Analysis & Elasticity Course Packet on elasticity of demand and finding the unitary price point Given the demand equation x = 185e-P/30, where p represents the price in dollars and x the number of units, determine the value of p where the elasticity of demand is unitary. dollars p= Submit Answer -/1 Points] DETAILS Math 110 Course Resources Implicit Differentiaion & Related Rates Course Packet on implicit differentiation dy dx Let exy - x5 = 4. Compute dy dx Submit Answer DETAILS -/1 Points] DETAILS Math 110 Course Resources Implicit Differentiaion & Related Rates Course Packet on computing elasticity of demand using implicit differentiation The demand function for SkanDisc 2GB thumb drives is given by P = 4(x + 3) e-x/3 where p is the wholesale unit price in dollars…

suppose that supply function of given by Qs=15+2P,and due tk market situation,the maximum price is 8 birr,then find the domain and range of the function?