Math 110 Course Resources Marginal Analysis & Elasticity Course Packet on elasticity of demand and finding the unitary price point Given the demand equation x5 + 15p= 180, where p represents the price in dollars and x the number of units, determine the value of p where the elasticity of demand is unitary. Price, p= dollars If the current price is 11 dollars and price is increased by: O decrease O increase then total revenue will

Math 110 Course Resources Marginal Analysis & Elasticity Course Packet on elasticity of demand and finding the unitary price point Given the demand equation x5 + 15p= 180, where p represents the price in dollars and x the number of units, determine the value of p where the elasticity of demand is unitary. Price, p= dollars If the current price is 11 dollars and price is increased by: O decrease O increase then total revenue will

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter1: Equations, Inequalities, And Mathematical Modeling

Section1.7: Linear Inequalities In One Variable

Problem 97E: Daily Sales A doughnut shop sells a dozen doughnuts for $7.95. Beyond the fixed costs (rent,...

See similar textbooks

Similar questions

Financial Planning Mark has $100,000 to invest. His Financial consultant advises him to diversify his investment in three types of bonds: short-term, Intermediate-term, and long-term. The short-term bonds pay 4%, the intermediate term bonds pay 5%, and the long-term bonds pay 6% simple interest per year. Mark wishes to realize a total annual income of 5.1 % with equal amounts invested in short - and intermediate-term bonds. How much should he invest in each type of bond?
Production Manufacturing DVRs and TVs requires the use of the electronics, assembly, and finishing departments of a factory, according to the following schedule: Hours for DVR Hours for TV Hours Available per Week Electronics 3 4 180 Assembly 2 3 120 Finishing 2 1 60 Each DVR has a profit of 40, and each TV has profit of 32. How many DVRs and TVs should be manufactured weekly to maximize profit? Find the maximum profit.
Marking ice cream An ice cream store sells two new flavors: Fantasy and Excess. Each barrel of Fantasy requires 4 pounds of nuts and 3 pounds of chocolate and has a profit of 500. Each barrel of Excess requires 4 pounds of nuts and 2 pounds of chocolate and has a profit of 400. There are 16 pounds of nuts and 18 pounds of chocolate in stock, and the owner does not want to buy more for this batch. How many barrels of each should be made for a maximum profit? Find the maximum profit.
Finance To expand its clothing line, a small corporation borrowed $775,000 from three different lenders. The money was borrowed at 8,9and10, simple interest. How much was borrowed at each rate when the annual interest owed was $67,500 and the amount borrowed at 8 was four times the amount borrowed at 10 ?