For the demand function q = D(p)=√254- p, find the following. a) The elasticity b) The elasticity at p=95, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) CO a) Find the equation for elasticity. E(p) = b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity. E(95) = (Simplify your answer. Type an integer or a fraction.) Is the demand elastic, inelastic, or does it have unit elasticity? elastic inelastic unit elasticity c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars). (Round to the nearest cent. Use a comma to separate answers as needed.)
For the demand function q = D(p)=√254- p, find the following. a) The elasticity b) The elasticity at p=95, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) CO a) Find the equation for elasticity. E(p) = b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity. E(95) = (Simplify your answer. Type an integer or a fraction.) Is the demand elastic, inelastic, or does it have unit elasticity? elastic inelastic unit elasticity c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars). (Round to the nearest cent. Use a comma to separate answers as needed.)
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 7ECP: The kinetic energy E of an object varies jointly with the object’s mass m and the square of the...
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![For
a) The elasticity
the demand function q = D(p)=√√254- p, find the following.
b) The elasticity at p=95, stating whether the demand is elastic, inelastic or has unit elasticity
c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars)
a) Find the equation for elasticity.
E(p) =
b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity.
E(95) = (Simplify your answer. Type an integer or a fraction.)
Is the demand elastic, inelastic, or does it have unit elasticity?
elastic
O inelastic
O unit elasticity
c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars).
(Round to the nearest cent. Use a comma to separate answers as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9de10592-6830-4c05-a8f5-ac9dcab93385%2Ffc39ac6d-0047-49f3-a35a-a985e90356b5%2F3k1y4bb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For
a) The elasticity
the demand function q = D(p)=√√254- p, find the following.
b) The elasticity at p=95, stating whether the demand is elastic, inelastic or has unit elasticity
c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars)
a) Find the equation for elasticity.
E(p) =
b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity.
E(95) = (Simplify your answer. Type an integer or a fraction.)
Is the demand elastic, inelastic, or does it have unit elasticity?
elastic
O inelastic
O unit elasticity
c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars).
(Round to the nearest cent. Use a comma to separate answers as needed.)
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