2x +400 A garden shop determines the demand functionq= D(x) = during early summer for tomato plants where q is the number of plants sold per day when the price is x dollars per plant. (a) Find the elasticity. (b) Find the elasticity when x = 2. (c) At $2 per plant, will a small increase in price cause the total revenue to increase or decrease? (a) The elasticity is (b) When x= 2, the elasticity is (Simplify your answer. Type an integer or a fraction) (c) Fill in the blank below. At $2 per plant, a small increase in price will cause the total revenue to
2x +400 A garden shop determines the demand functionq= D(x) = during early summer for tomato plants where q is the number of plants sold per day when the price is x dollars per plant. (a) Find the elasticity. (b) Find the elasticity when x = 2. (c) At $2 per plant, will a small increase in price cause the total revenue to increase or decrease? (a) The elasticity is (b) When x= 2, the elasticity is (Simplify your answer. Type an integer or a fraction) (c) Fill in the blank below. At $2 per plant, a small increase in price will cause the total revenue to
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter8: Functions
Section8.CR: Review Problem Set
Problem 50CR
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A garden shop determines the demand function
q=D(x)=2x+40030x+13
during early summer for tomato plants where q is the number of plants sold per day when the price is x dollars per plant.(a) Find the elasticity.
(b) Find the elasticity when
x=2.
(c) At
$2
per plant, will a small increase in price cause the total revenue to increase or decrease?Expert Solution
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