BuyFindarrow_forward

Mathematical Applications for the ...

11th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781305108042

Solutions

Chapter
Section
BuyFindarrow_forward

Mathematical Applications for the ...

11th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781305108042
Textbook Problem

Suppose the demand for a product is p 2 +   3 p   + q =   1500 , where p is in dollars and q is the number of units. Find the elasticity of demand at p = 30. If the price is raised to $31, does revenue increase or decrease?

To determine

To calculate: The elasticity of demand for p2+3p+q=1500 at p=30. If the price is raised to p=31, and also determine does the revenue increase or decrease.

Explanation

Given Information:

The provided expression is p2+3p+q=1500 when p=30 and 31.

Formula Used:

As per the product rule, if two functions are given in the form f(x).g(x), then the derivative is given as:

ddx(fg)=fdgdx+gdfdx

If p=f(q) is the demand for the q units and price p, then at the points (qA,pA), then,

Elasticity of demand= η=pqdqdp

Calculation:

The provided expression is p2+3p+q=1500,

Put p=30 in the equation, to get the value of q,

(30)2+3(30)+q=1500900+90+q=1500q=510

Hence, the value of q=510

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Chapter 11 Solutions

Show all chapter solutions add
Sect-11.1 P-7ESect-11.1 P-8ESect-11.1 P-9ESect-11.1 P-10ESect-11.1 P-11ESect-11.1 P-12ESect-11.1 P-13ESect-11.1 P-14ESect-11.1 P-15ESect-11.1 P-16ESect-11.1 P-17ESect-11.1 P-18ESect-11.1 P-19ESect-11.1 P-20ESect-11.1 P-21ESect-11.1 P-22ESect-11.1 P-23ESect-11.1 P-24ESect-11.1 P-25ESect-11.1 P-26ESect-11.1 P-27ESect-11.1 P-28ESect-11.1 P-29ESect-11.1 P-30ESect-11.1 P-31ESect-11.1 P-32ESect-11.1 P-33ESect-11.1 P-34ESect-11.1 P-35ESect-11.1 P-36ESect-11.1 P-37ESect-11.1 P-38ESect-11.1 P-39ESect-11.1 P-40ESect-11.1 P-41ESect-11.1 P-42ESect-11.1 P-43ESect-11.1 P-44ESect-11.1 P-45ESect-11.1 P-46ESect-11.1 P-47ESect-11.1 P-48ESect-11.1 P-49ESect-11.1 P-50ESect-11.1 P-51ESect-11.1 P-52ESect-11.2 P-1CPSect-11.2 P-2CPSect-11.2 P-3CPSect-11.2 P-4CPSect-11.2 P-1ESect-11.2 P-2ESect-11.2 P-3ESect-11.2 P-4ESect-11.2 P-5ESect-11.2 P-6ESect-11.2 P-7ESect-11.2 P-8ESect-11.2 P-9ESect-11.2 P-10ESect-11.2 P-11ESect-11.2 P-12ESect-11.2 P-13ESect-11.2 P-14ESect-11.2 P-15ESect-11.2 P-16ESect-11.2 P-17ESect-11.2 P-18ESect-11.2 P-19ESect-11.2 P-20ESect-11.2 P-21ESect-11.2 P-22ESect-11.2 P-23ESect-11.2 P-24ESect-11.2 P-25ESect-11.2 P-26ESect-11.2 P-27ESect-11.2 P-28ESect-11.2 P-29ESect-11.2 P-30ESect-11.2 P-31ESect-11.2 P-32ESect-11.2 P-33ESect-11.2 P-34ESect-11.2 P-35ESect-11.2 P-36ESect-11.2 P-37ESect-11.2 P-38ESect-11.2 P-39ESect-11.2 P-40ESect-11.2 P-41ESect-11.2 P-42ESect-11.2 P-43ESect-11.2 P-44ESect-11.2 P-45ESect-11.2 P-46ESect-11.2 P-47ESect-11.2 P-48ESect-11.2 P-49ESect-11.2 P-50ESect-11.2 P-51ESect-11.2 P-52ESect-11.2 P-55ESect-11.2 P-56ESect-11.2 P-58ESect-11.2 P-59ESect-11.2 P-60ESect-11.2 P-61ESect-11.2 P-62ESect-11.2 P-66ESect-11.3 P-1CPSect-11.3 P-2CPSect-11.3 P-1ESect-11.3 P-2ESect-11.3 P-3ESect-11.3 P-4ESect-11.3 P-5ESect-11.3 P-6ESect-11.3 P-7ESect-11.3 P-8ESect-11.3 P-9ESect-11.3 P-10ESect-11.3 P-11ESect-11.3 P-12ESect-11.3 P-13ESect-11.3 P-14ESect-11.3 P-15ESect-11.3 P-16ESect-11.3 P-17ESect-11.3 P-18ESect-11.3 P-19ESect-11.3 P-20ESect-11.3 P-21ESect-11.3 P-22ESect-11.3 P-23ESect-11.3 P-24ESect-11.3 P-25ESect-11.3 P-26ESect-11.3 P-27ESect-11.3 P-28ESect-11.3 P-29ESect-11.3 P-30ESect-11.3 P-31ESect-11.3 P-32ESect-11.3 P-33ESect-11.3 P-34ESect-11.3 P-35ESect-11.3 P-36ESect-11.3 P-37ESect-11.3 P-38ESect-11.3 P-39ESect-11.3 P-40ESect-11.3 P-41ESect-11.3 P-42ESect-11.3 P-43ESect-11.3 P-44ESect-11.3 P-45ESect-11.3 P-46ESect-11.3 P-47ESect-11.3 P-48ESect-11.3 P-49ESect-11.3 P-50ESect-11.3 P-51ESect-11.3 P-52ESect-11.3 P-53ESect-11.3 P-54ESect-11.3 P-55ESect-11.3 P-56ESect-11.3 P-57ESect-11.3 P-58ESect-11.3 P-59ESect-11.3 P-60ESect-11.3 P-61ESect-11.3 P-62ESect-11.3 P-63ESect-11.4 P-1CPSect-11.4 P-2CPSect-11.4 P-3CPSect-11.4 P-1ESect-11.4 P-2ESect-11.4 P-3ESect-11.4 P-4ESect-11.4 P-5ESect-11.4 P-6ESect-11.4 P-7ESect-11.4 P-8ESect-11.4 P-9ESect-11.4 P-10ESect-11.4 P-11ESect-11.4 P-12ESect-11.4 P-13ESect-11.4 P-14ESect-11.4 P-15ESect-11.4 P-16ESect-11.4 P-17ESect-11.4 P-18ESect-11.4 P-19ESect-11.4 P-20ESect-11.4 P-21ESect-11.4 P-22ESect-11.4 P-23ESect-11.4 P-24ESect-11.4 P-25ESect-11.4 P-26ESect-11.4 P-27ESect-11.4 P-28ESect-11.4 P-29ESect-11.4 P-30ESect-11.4 P-31ESect-11.4 P-32ESect-11.4 P-33ESect-11.4 P-34ESect-11.4 P-35ESect-11.4 P-36ESect-11.4 P-37ESect-11.4 P-38ESect-11.4 P-39ESect-11.5 P-1CPSect-11.5 P-2CPSect-11.5 P-3CPSect-11.5 P-4CPSect-11.5 P-1ESect-11.5 P-2ESect-11.5 P-3ESect-11.5 P-4ESect-11.5 P-5ESect-11.5 P-6ESect-11.5 P-7ESect-11.5 P-8ESect-11.5 P-9ESect-11.5 P-10ESect-11.5 P-11ESect-11.5 P-12ESect-11.5 P-15ESect-11.5 P-16ESect-11.5 P-17ESect-11.5 P-18ESect-11.5 P-19ESect-11.5 P-20ESect-11.5 P-21ESect-11.5 P-22ESect-11.5 P-23ESect-11.5 P-24ECh-11 P-1RECh-11 P-2RECh-11 P-3RECh-11 P-4RECh-11 P-5RECh-11 P-6RECh-11 P-7RECh-11 P-8RECh-11 P-9RECh-11 P-10RECh-11 P-11RECh-11 P-12RECh-11 P-13RECh-11 P-14RECh-11 P-15RECh-11 P-16RECh-11 P-17RECh-11 P-18RECh-11 P-19RECh-11 P-20RECh-11 P-21RECh-11 P-22RECh-11 P-23RECh-11 P-24RECh-11 P-25RECh-11 P-26RECh-11 P-27RECh-11 P-28RECh-11 P-29RECh-11 P-30RECh-11 P-31RECh-11 P-32RECh-11 P-33RECh-11 P-34RECh-11 P-38RECh-11 P-39RECh-11 P-40RECh-11 P-41RECh-11 P-35RECh-11 P-36RECh-11 P-37RECh-11 P-1TCh-11 P-2TCh-11 P-3TCh-11 P-4TCh-11 P-5TCh-11 P-6TCh-11 P-7TCh-11 P-8TCh-11 P-9TCh-11 P-10TCh-11 P-11TCh-11 P-12TCh-11 P-13TCh-11 P-14TCh-11 P-15TCh-11 P-16TCh-11 P-17TCh-11 P-19T

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

In Exercises 23-32, determine whether the statement is true or false. Give a reason for your choice. 27. 24x13x...

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

23-42 Find f. f(x)=x64x4+x+1

Calculus (MindTap Course List)

Find a function f and a number a such that limh0(2+h)664h=f(a)

Single Variable Calculus: Early Transcendentals, Volume I

A population of N = 7 scores has a mean of = 13. What is the value of X for this population?

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Solve each equation: x2+x=12

Elementary Technical Mathematics

0 1 ∞

Study Guide for Stewart's Multivariable Calculus, 8th

From the Maclaurin series for ln(1 + x) and sin x, the first three terms of the Maclaurin series for (ln(1 + x)...

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th