225 Given the demand function D(p) Find the Elasticity of Demand at a price of $79 At this price, we would say the demand is: O Inelastic Elastic O Unitary Based on this, to increase revenue we should: O Keep Prices Unchanged O Lower Prices O Raise Prices
Q: Find the elasticity of demand (E) for the given demand function at the indicated values of p. Is the…
A: q=401-0.2 p2dqdp=-0.4 pE(p)=pq dqdp =-0.4p2(401-0.2p2)
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A: This is a problem of financial mathematics.
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A: Explanation of the answer is as follows
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A: Given that:
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- Grazing Rabbits and Sheep This is a continuation of Exercise 21. In addition to the kangaroos, the major grazing mammals of Australia include merino sheep and rabbits. For sheep, the functional response is S=2.82.8e0.01V, and for rabbits, it is H=0.20.2e0.008V, Here S and H are the daily intake measured in pounds, and v is the vegetation biomass measured in pounds per acre. a. Find the satiation level for sheep and that for rabbits. b. One concern in the management of rangelands is whether the various species of grazing animals are forced to complete for food. It is thought that competition will not be a problem if the vegetation biomass level provides at least 90 of the satiation level for each species. What biomass level guarantees that competition between sheep and rabbits will not be problem?Decay of Litter Litter such as leaves falls to the forest floor, where the action of insects and bacteria initiates the decay process. Let A be the amount of litter present, in grams per square meter, as a function of time t in years. If the litter falls at a constant rate of L grams per square meter per year, and if it decays at a constant proportional rate of k per year, then the limiting value of A is R=L/k. For this exercise and the next, we suppose that at time t=0, the forest floor is clear of litter. a. If D is the difference between the limiting value and A, so that D=RA, then D is an exponential function of time. Find the initial value of D in terms of R. b. The yearly decay factor for D is ek. Find a formula for D in term of R and k. Reminder:(ab)c=abc. c. Explain why A=RRekt.Continued This is a continuation of Exercise 13. As we saw earlier, the stock turnover rate of an item is the number of times that the average inventory of the item needs to be replaced as a result of sales in a given time period. Suppose that a hardware store sells 80 shovels each year. a. Suppose that the hardware store maintains an average inventory of 5 shovels. What is the annual stock turnover rate for the shovels? How is this related to the yearly number of orders to the wholesaler needed to restock inventory? b. What would he the annual stock turnover rate if the store maintained an average inventory of 20 shovels? c. Write a formula expressing the annual stock turnover rate as a function of the average inventory of shovels, identify the function and the variable, and state the units.