The demand function for a product is modeled by p = 400 − 4x,0 ≤ x ≤ 100, where p is the price per unit (in dollars) and x is the number of units. (a)Determine when the demand is elastic and inelastic. (Enter your answer using interval notation. If an answer does not exist, enter DNE.) elastic demand? inelastic demand? (b)Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.) x = (c) Use the result of part (a) to describe the behavior of the revenue function. (Enter your answers as a comma-separated list, increase or decrease) The revenue function_____ , then is flat at x = _______ ,and then_____ .
The demand function for a product is modeled by p = 400 − 4x,0 ≤ x ≤ 100, where p is the price per unit (in dollars) and x is the number of units. (a)Determine when the demand is elastic and inelastic. (Enter your answer using interval notation. If an answer does not exist, enter DNE.) elastic demand? inelastic demand? (b)Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.) x = (c) Use the result of part (a) to describe the behavior of the revenue function. (Enter your answers as a comma-separated list, increase or decrease) The revenue function_____ , then is flat at x = _______ ,and then_____ .
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.2: Functions Given By Tables
Problem 32SBE: Does a Limiting Value Occur? A rocket ship is flying away from Earth at a constant velocity, and it...
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The demand function for a product is modeled by p = 400 − 4x,0 ≤ x ≤ 100,
where p is the price per unit (in dollars) and x is the number of units.
where p is the price per unit (in dollars) and x is the number of units.
(a)Determine when the demand is elastic and inelastic. (Enter your answer using interval notation. If an answer does not exist, enter DNE.)
elastic demand?
inelastic demand?
(b)Determine when the demand is of unit elasticity. (Enter your answers as a comma-separated list.)
x =
(c) Use the result of part (a) to describe the behavior of the revenue function. (Enter your answers as a comma-separated list, increase or decrease)
The revenue function_____ , then is flat at x = _______ ,and then_____ .
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