When demand has unit elasticity, revenue will decrease if

Q: a crane lifts a 1000 lb science desk to a height of 20 ft using a chain that weighs 2 lb/ft. If the…

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Q: When a wholesaler sold a product at $40 per unit, sales were 330 units per week. After a price…

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Q: Suppose that the demand for a product is given by q2p=6,000, where q represents the number of units…

A: Suppose that the demand for a product is given by q2p=6,000, where q represents the number of units…

Q: Consider the price-demand equation given by p=6,000−x/ 1,200. For which value of p is the elasticity…

A: P = (6,000 - X) / 1,200Hence, X = 6,000 - 1,200PdX / dP = -1,200

Q: The estimated demand and supply curve for apples is displayed below. If the current price is…

A: Given the current price is $100 / ton . We have to find the demand and supply from the graph and…

Q: Find the demand function Q = f (P) if elasticity of demand is -5P+P2/Q Q = 500 when P = 10

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Q: (where Determine the point elasticity of demand of the demand function p k > 0).

A: Given, Demand function p= k/x where k>0.

Q: Given the demand function p=20-0.0002x and x=30 , What is the price elasticity of demand at x=30?

A: The given function                      p=20-0.0002x

Q: For the given demand​ equation, differentiate implicitly to find dpdx.   (p+3)(x+7)=28

A: We have to differentiate the implicit function: p+3x+7=28 Here two function are in product so we…

Q: Find the elasticity of the demand function pq = 18 at p = 3.

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Q: Find the elasticity of the demand function 2p + 3q = 270 at the price p = 15.

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Q: When a wholesaler sold a product at $30 per unit, sales were 186 units per week. After a price…

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Q: Suppose the demand for a product is given by 2p3q=500,000+500p2 where p is price in dollars and q is…

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Q: Find the point elasticity of demand when q = 10. 10.

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Q: icity of demand wit

A: Elasticity: Demand curve q=400-10p We need to find the elasticity of demand at p=30.

Q: If a demand curve is given by y = 50 −.02x  where x is the price in dollars, and y is the sales of…

A: Given demand curve is  y=50-0.02x where x is the price in dollars, and y is the sales of Really Big…

Q: Suppose that a price p and demand x are related through the price-demand equation x + 400p = 8, 000.…

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Q: Use the​ price-demand equation to find​ E(p), the elasticity of demand.   x=f(p)=170-25 ln (p)

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Q: Determine whether the following statement is true or false, and explain why. Total revenue is…

A: Explanation: Given a statement: Total revenue is maximized at the price where demand has unit…

Q: In this problem, p is in dollars and q is the number of units. Find the elasticity of the demand…

A: The demand function p +7q = 210.   The elasticity of the given demand function. The elasticity is…

Q: Explain why a decreasing demand function has a negative elasticityfunction.

A: given,        to explain why a decreasing demand function has a negative elasticityfunction.

Q: How do you determine whether demand is inelastic?  elastic?  Describe what a corporation should do…

A: Let q = f (p), where q is the demand at a price p. Then, the elasticity of demand E is,

Q: When a wholesaler sold a product at $50 per unit, sales were 208 units per week. After a price…

A: Given that  The demand function is linear. A product is sold at $50 per unit and the sales is 208…

Q: The money supply needed to generate $1500 of nominal GDP with money velocity of 20 is

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Q: Describe elasticity of demand in your own words.

A: Elasticity of Demand A change in the price of a commodity affects its demand. We can find the…

Q: calculate the consumers Surplos at the ndicated unit price P for the demand equation 13

A: Given that: Price, p=12-2q1/3 and p=8

Q: Suppose that a price p and demand x are related through the price-demand equation 40p+x=5,000.…

A: We have given,Price-demand equation: 40p + x = 5000We need to find elasticity of demand

Q: The price elasticity of supply for bananas is 0.2. If the price rises by 5%, what will happen to the…

A: Price elasticity of supply= (% change in quantity supplied)/ (% change in price)

Q: The demand for widgets is Q = 20/p. When p=4, the price elasticity of demand . dQ_P is equal to: dp…

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Q: To facilitate rapid delivery, Samurai Van Logistic Company requires that all baggage must be in…

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Q: What is arbitrary constant?

A: we have to define an arbitrary constant.

Q: A firm knows that the demand function of its good is linear. It is also knows that it can sell 1000…

A: Let us take demand function as D(x)

Q: Consider the price-demand equation given by 6,000 – x 1, 200 For which value of p is the elasticity…

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Q: Suppose that the marginal propensity to consume is dc - 0.2 - e-2y (in billions of dollars) dy and…

A: dCdy=0.2-e-2y

Q: The market for a particular consumer good has a demand function given by: q = 24 - p and supply…

A: Given, Demand function (p)= d(q)= 24-q Supply function (p)= s(q)= q+q²

Q: Define carrying capacity constant.

A: Query- Define carrying capacity constant. Answer- The carrying capacity is the theoretical…

Q: Find expressions for marginal revenue in the case when the demand equation is given by 1000 (a) P=…

A: (a).   The demand equation is: P=100-2Q where Q is the quantity of the product and P is the price…

Q: 13. Determine the elasticity whenp= 3, given price-demand equation p* + 2x = 1200 %3D

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Q: Suppose that a price p and demand x are related through the price-demand equation x+400p=8,000.…

A: To work out the formula for the elasticity of demand at price p

Q: Suppose the demand for a product is given by 2p3q = 500,000p2 where p is price in dollars and q is…

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Q: Suppose that the demand function for Brand X is P = 360 - 50Qd. Show whether going from 3 to 4 units…

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Q: Suppose a firm faces an inverse demand function given by P = a - BQ, where a, B > 0. Find the levecl…

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Q: The demand for a car wash is  x = 600 − 20p,  where the current price is $5. Find the price…

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Q: Is the demand elastic, inelastic, or unit elastic when q 10?

A: If elasticity of demand greater than 1 then it's elastic

Q: A study of about 1,800 U.S. colleges and universities resulted in the demand equation q = 10,000 -…

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Q: A small company has the marketing information that 35 units W 34.75 per unit, and that sales will…

A: Given,  a small company has the marketing information that 35 units will sell daily at  price of…

Q: Suppose that the marginal propensity to save is ds In(y + 1) dy - 0.93 - (In billons of dollars) y…

A: This is Separable differential equation

Q: When a wholesaler sold a product at $30 per unit, sales were 350 units per week. After a price…

A: First we need to make the equation for the demand function. We'll take the two points of data and…

Q: he monthly demand function for x units of a product 1 sold by a monopoly is p = 5900 – x² dollars,…

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