For the demand function q = D(p) = 309 - p, find the following. a) The elasticity b) The elasticity at p = 95, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity. E(p) = b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity. E(95) = (Simplify your answer. Type an integer or a fraction.) Is the demand elastic, inelastic, or does it have unit elasticity? elastic inelastic O O unit elasticity c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars). $ (Round to the nearest cent. Use a comma to separate answers as needed.) C

For the demand function q = D(p) = 309 - p, find the following. a) The elasticity b) The elasticity at p = 95, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity. E(p) = b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity. E(95) = (Simplify your answer. Type an integer or a fraction.) Is the demand elastic, inelastic, or does it have unit elasticity? elastic inelastic O O unit elasticity c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars). $ (Round to the nearest cent. Use a comma to separate answers as needed.) C

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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