5x + 400 A garden shop determines the demand function q = D(x) = during early summer for tomato plants where q is the number of plants sold per day when t 30x +7 price is x dollars per plant. (a) Find the elasticity (b) Find the elasticity when x = 4. (c) At $4 per plant, will a small increase in price cause the total revenue to increase or decrease? (a) The elasticity is

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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5x + 400
A garden shop determines the demand function q = D(x) =
during early summer for tomato plants where q is the number of plants sold per day when the
30x + 7
price is x dollars per plant
(a) Find the elasticity.
(b) Find the elasticity when x = 4.
(c) At $4 per plant, will a small increase in price cause the total revenue to increase or decrease?
(a) The elasticity is
Transcribed Image Text:5x + 400 A garden shop determines the demand function q = D(x) = during early summer for tomato plants where q is the number of plants sold per day when the 30x + 7 price is x dollars per plant (a) Find the elasticity. (b) Find the elasticity when x = 4. (c) At $4 per plant, will a small increase in price cause the total revenue to increase or decrease? (a) The elasticity is
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