Concept explainers
Economics: constant elasticity curve.
a. Find the elasticity of the demand function
Where k is a positive constant and n is an integer greater than 0.
b. Is the value of the elasticity dependent on the price per unit?
c. For what value of n does total revenue have a maximum?
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Calculus and Its Applications (11th Edition)
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- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage