Chapter 12, Problem 37RE

(a)

To determine

To calculate: The price elasticity of the demand as a function of p where the consumer demand for ROL, is given by $q=1000e^{-p^2+p}$.

(b)

To determine

To calculate: The elasticity of the demand where the consumer demand for ROL, is given by $q=1000e^{-p^2+p}$.

(c)

To determine

To calculate: The price the company should charge in order to obtain largest revenue where the consumer demand for ROL, is given by $q=1000e^{-p^2+p}$.