12) Consider the demand function given by D(x) =600a) Find the elasticity.(x+4)2b) Find the elasticity at x = 1, state whether demand is elastic or inelastic.c) Find the elasticity at x = 12, state whether demand is elastic or inelastic.remining after 1d) At a price of $12, will a small increase in price cause the total revenue to increasedecrease?To Jaixe yoi adog muminim bas ne) Find the price at which total revenue is a maximum.

NOTE: Refresh your page if you can't see any equations. . take derivative

2) Consider the demand function given by D(x) = 600 a) Find the elasticity. b) Find the elasticity at x = 1, state whether demand is elastic or inelastic. c) Find the elasticity at x = 12, state whether demand is elastic or inelastic. d) At a price of $12, will a small increase in price cause the total revenue to increase decrease? e) Find the price at which total revenue is a maximum.

2) Consider the demand function given by D(x) = 600 a) Find the elasticity. b) Find the elasticity at x = 1, state whether demand is elastic or inelastic. c) Find the elasticity at x = 12, state whether demand is elastic or inelastic. d) At a price of $12, will a small increase in price cause the total revenue to increase decrease? e) Find the price at which total revenue is a maximum.

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter3: Functions

Section3.3: More On Functions; Piecewise-defined Functions

Problem 99E: Determine if the statemment is true or false. If the statement is false, then correct it and make it...

See similar textbooks