The equation for total revenue for a particular product when Q items are produced is: TR = -11x2 + 44000x At what quantity produced will the elasticity of demand be unitary? a.2000 b.500 c.1500 d.1000 e.Cannot be determined from the information given

The equation for total revenue for a particular product when Q items are produced is: TR = -11x2 + 44000x At what quantity produced will the elasticity of demand be unitary? a.2000 b.500 c.1500 d.1000 e.Cannot be determined from the information given

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 16SQ

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The equation for total revenue for a particular product when Q items are produced is:

TR = -11x² + 44000x

At what quantity produced will the elasticity of demand be unitary?

a.2000

b.500

c.1500

d.1000

e.Cannot be determined from the information given

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