1 answer

Math 148 - Summer 2020 3) Suppose that the demand for a product is given by...

Question:

Math 148 - Summer 2020 3) Suppose that the demand for a product is given by 9(4+ p) - 4590. Find the elasticity when p = $50.
Math 148 - Summer 2020 3) Suppose that the demand for a product is given by 9(4+ p) - 4590. Find the elasticity when p = $50. What type of elasticity is this? What do you know about the revenue with respect to price increase? 1

Answers

Solutiont price of product (6)= $50 production function q[4+p]=4590 q 4590 47P: ->0 qz 4590 4+50 19=84 som a Pag are Inverse

.

Similar Solved Questions

1 answer
How do you write the expression for "The product of 3 and a number Y is no more than 21"?
How do you write the expression for "The product of 3 and a number Y is no more than 21"?...
1 answer
The following income statement is for X Company and its only two products - A and...
The following income statement is for X Company and its only two products - A and B: Product Product Total A B Sales $185,980 $91,190 $94,790 Variable 110,676 53,802 56,874 Costs Contribution $75,304 $37,388 $37,916 margin Fixed costs: Avoidable 51,720 22,570 29,150 Unavoidable 34,150 2,960 26,190 P...
1 answer
In polar components, if is zero for a particle, the particle is moving in a circular...
In polar components, if is zero for a particle, the particle is moving in a circular path. moving on a straight line. moving with constant velocity. not moving....
1 answer
Question 3 Tan Pte Ltd (“TPL”) produces a single product called T01. The product uses material...
Question 3 Tan Pte Ltd (“TPL”) produces a single product called T01. The product uses material sourced from Europe. The company has sufficient capacity to produce 80,000 units of T01 each month, without the need to increase fixed manufacturing overhead costs. It normally produces and sel...
1 answer
Pipe (2) is supported by a pin at bracket C and by tie rod (1). The...
Pipe (2) is supported by a pin at bracket C and by tie rod (1). The structure supports a load P at pin B. Tie rod (1) has a diameter of 11 mm and an allowable normal stress of 165 MPa. Pipe (2) has an outside diameter of 48 mm, a wall thickness of 7 mm, and an allowable normal stress of 75 MPa. Assu...
1 answer
Remaining Time: 1 hour, 27 minutes, 16 seconds. Question Completion Status: 10 points Save Answer In...
Remaining Time: 1 hour, 27 minutes, 16 seconds. Question Completion Status: 10 points Save Answer In the figure shown, the rectangular loop is being pulled in the-x-direction with a constant speed v. The long wire is carrying a constant current which is flowing in the-y-direction, as shown. Which of...
1 answer
The triangular plate is pinned to the 11 lb smooth collar. Determine the initial angular acceleration...
The triangular plate is pinned to the 11 lb smooth collar. Determine the initial angular acceleration of the plate when P = 50 lb is applied to the collar. The plate is originally at rest. Note that the mass moment of inertia is proportional to the Area moment of inertia by: Imass = lareapt, where t...
1 answer
Why is the light intensity of one car headlight independent of the other? it depends on...
Why is the light intensity of one car headlight independent of the other? it depends on the type of car Both car headlights are connected in parallel Both car headlights are connected in series...
1 answer
Options for last line are (Compliance/incompliance) Credit Balsamo Corporation Adjusted Trial Balance July 31, 2018 Account...
Options for last line are (Compliance/incompliance) Credit Balsamo Corporation Adjusted Trial Balance July 31, 2018 Account Debit Cash 12,400 Accounts receivable 19,500 Supplies 3,000 Prepaid rent 1,400 Equipment 36,800 Accumulated depreciation equipment Accounts payable Interest payable Unearned se...
1 answer
Calculate the pH of the solution after the addition of each of the given amounts of...
Calculate the pH of the solution after the addition of each of the given amounts of 0.0679 M HNO, to a 80.0 mL solution of 0.0750 M aziridine. The pK, of aziridinium is 8.04. What is the pH of the solution after the addition of 0.00 mL HNO,? pH = What is the pH of the solution after the addition of ...
1 answer
Marjorie Knaus, an architect, organized Knaus Architects on January 1, 2018. During the month, Knaus Architects...
Marjorie Knaus, an architect, organized Knaus Architects on January 1, 2018. During the month, Knaus Architects completed the following transactions: A. Issued common stock to Marjorie Knaus in exchange for $22,000. B. Paid January rent for office and workroom, $1,650. C. Purchased used autom...
1 answer
For the problem, you should: 1. Identify the universal class. 2. Extract the terms and assign letters to them. 3. For each statement a through f, in order: write the statement in symbolic form using t...
For the problem, you should: 1. Identify the universal class. 2. Extract the terms and assign letters to them. 3. For each statement a through f, in order: write the statement in symbolic form using the appropriate terms from step 2 and write its contrapositive. 4. Chain the symbolic representations...
1 answer
With others? Oil and water don't mix Gasoline and water also do not mix. However, gasoline...
with others? Oil and water don't mix Gasoline and water also do not mix. However, gasoline and oil do mix. To understand solubility we must look at two important characteristics: geometry and bond polarity (ionic. nonpolar and polar). From these two characteristics the overall molecular polarity...
1 answer
Is marketing today essentially still the same business function as was conceptualised in the 1950...
Is marketing today essentially still the same business function as was conceptualised in the 1950s and 1960s? Justify your answer. Answered with both Theory and Examples....
1 answer
Using the following information, what is the amount of net sales? What is Cost of Goods...
Using the following information, what is the amount of net sales? What is Cost of Goods Sola? $32,000 $960 5,700 Purchases Merchandise inventory September 1 Sales returns and allowances Purchases returns and allowances P urchases discounts Merchandise inventory September 30 Sales 6,370 910 63,000 1,...
1 answer
A uniformly charged ring of radius 10.0 cm has a total charge of 50.0 μC. Find...
A uniformly charged ring of radius 10.0 cm has a total charge of 50.0 μC. Find the electric field on the axis of the ring at the following distances from the center of the ring. (Choose the x-axis to point along the axis of the ring.) (a) 1.00 cm What is the general expression for the electric f...