The demand equation for a manufacturer's product is:
p = 50 x [tex](151 - q)^{0.02\sqrt{q+19} }[/tex]
(a) Find the value of dp/dq when 150 units are demanded.
(b) Using the result in part (a), determine the point elasticity of demand when 150 units are demanded. At this level, is demand elastic, inlastic, or of unit elasticity?
(c) Use the result in part (b) to approximate the price per unit it demand decreases from 150 to 140 units.
(d) If the current demand is 150 units, should the manufacturer increase or decrease price in order to increase revenue?

Answers

Answer 1

From the given price function, we have;

(a) [tex] \frac{dp}{dq} = - 13[/tex]

(b) The point elasticity of demand is 0.0256; inelastic demand

(c) $46.6

(d) Increase

How can the elasticity of demand be found?

a. The given function is presented as follows;

[tex]p = 50 \times (151 - q) ^{0.02 \times \sqrt{q + 19} } [/tex]

Differentiating the above function with a graphing calculator and setting q = 150 gives;

[tex] \frac{dp}{dq} = - 13[/tex]

b. The point elasticity of demand is given by the formula;

[tex] e \: = \frac{dq}{dp} \times \frac{p}{q} [/tex]

When q = 150, we have;

P = 50

Which gives;

[tex]e \: = \frac{1}{13} \times \frac{50}{150} = 0.0256[/tex]

The point elasticity of demand, E = 0.0256

The demand is inelastic (less than 1) when the quantity demanded is 150 units

c. If the quantity demanded decreases from 150 to 140 units, we have;

[tex]0.0256 \: = \frac{1}{13} \times \frac{p}{140} = [/tex]

Which gives;

p = 46.6

The price when the quantity demanded decreases to 140 is $46.6

d. Given that increase in price, from 46.6 to 50, increases the quantity demanded from 140 to 150, therefore;

The manufacturer should increase the price, p to increase the revenue, R.

R = p × q

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Related Questions


The quadratic function

Answers

Answer:

Four and three arithmetic numbers of this equation are then

Step-by-step explanation:

[tex]x = 3 = x = 4 > - 4 > < - 3 = x = 4[/tex]

And the numbers are equal

[tex]x = 4 \\ y = 3 \\ x \times y = 12 = 12 > 4 > 3 = xy = 0 = \\ xy = - 12[/tex]

P: Using your prior knowledge how would you find the area of a rectangle ? ​

Answers

To find the area of a rectangle, we multiply the length of the rectangle by the width of the rectangle.

Answer: w * l

To find the area of a rectangle the formula used is width x length

Step-by-step explanation:

If Mrs.davis serves each guest 1/6 of a pie what is the greatest number of guests she can serve

Answers

Well if the whole pie is divided into 1/6ths it would only be 6 people before the entire pie ran out
Mrs. Davis can serve a maximum of 6 guests if she gives 1/6 of the pie to each guest.

Georgia is a coffee enthusiast and drinks three coffee drinks a day from a local coffee shop costing $1.25 each. Being concerned with the expense of her coffee habit Georgia looks into making her own manual brewed coffee. A bag of premium coffee beans costs $70.00, a coffee grinder costs $120.00, and the manual coffee brewer costs $40.00. If a bag of coffee makes enough for 100 cups, how many full bags of coffee does she need to consume before saving money.

Answers

She needs to consume 3 full bags of coffee before saving money.

Amount calculation

Since Georgia is a coffee enthusiast and drinks three coffee drinks a day from a local coffee shop costing $1.25 each, and being concerned with the expense of her coffee habit Georgia looks into making her own manual brewed coffee, and a bag of premium coffee beans costs $70.00, a coffee grinder costs $120.00, and the manual coffee brewer costs $40.00, to determine, if a bag of coffee makes enough for 100 cups, how many full bags of coffee does she need to consume before saving money, the following calculation must be performed:

70 x 1 + 120 + 40 = 230 / 100 = 2.370 x 2 + 120 + 40 = 300 / 200 = 1.570 x 3 + 120 + 40 = 370 / 300 = 1.23

Therefore, she needs to consume 3 full bags of coffee before saving money.

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Ayuda porfavor!! E estado intentando y no lo puedo resolver
CURSO: MATEMÁTICAS FINANCIERAS

Answers

bro i really dont know this is hard

The number 2 in the expression 5 + 2x is called the
coefficient of x. How does changing the coefficient to
6 change the meaning of the expression?

Answers

Changing the coefficient of x to 6 changes the meaning of the expression as 5 is added to 6 times x

Solution:

Given that number 2 in the expression 5 + 2x is called the coefficient of x

We are asked to find what happens when changing the coefficient to 6 changes the meaning of the expression

In the expression,

5 + 2x

This means 5 is added to 2 times x or 5 is added to twice of x

Number 2 is called the coefficient of x

When we change this coefficient to 6, the expression becomes,

5 + 6x

So now the meaning of expression becomes,

5 is added to 6 times x

So changing the coefficient of x changes the meaning of the expression

How do I do this question folks?

Answers

Answer:

Correct answer: B

Step-by-step explanation:

Syntax: in piecewise functions such as the one attached, the "if:" section shows the domain, or x-axis values which that function pertains to.

In the graph, you can see that the graph is defined for [tex]-3\leq x < 1[/tex] (not-including 1 because there is an open hole there, indicating it is not part of the domain), and [tex]2\leq x\leq 4[/tex].

Now that we know the domain, we can attach it to the graphs that lie on those domains.

We see that the leftmost line appears to have a positive slope and a negative y-intercept, and that the second line should have a positive y-intercept and a negative slope.

At this point, you can just start crossing off answers that don't meet this criteria.

Cheers!!


On a recent math assignment consisting of 32 problems, Wendy had 5 application problems, and the
rest involved only computation. What percent of the problems were only computation?

Answers

Answer:

84.375%

Step-by-step explanation:

Total no. of computation problem=32-5=27

Total no. problems in the assignment=32

=) per%= 27/32×100%=84.375%

PLS MARK ME AS BRAINLIEST

Choose the number (X) that should come next in this series (1 4 9 16 X).

20
23
25
27

Answers

Answer:

25

Step-by-step explanation:

[tex]1^2=1\\\\2^2=4\\\\3^2 = 9\\\\4^2=16\\\\\text{So the next number should be}~ 5^2=25[/tex]

Ron has a co-op in the Astor Cooperative development. There are 40,000 shares in the cooperative ownership. If Ron owns 500 shares, what percentage of the cooperative corporation does he own?

Answers

Answer:

Ron owns 1.25% of shares.

Step-by-step explanation:

400/50000 comes out to 0.0125 which can be converted into a decimal by moving the decimal two places to the right.

The diameter of a circular field is 56 cm. Find the length of wire required to
fence it? How
many times it can be fenced with 704 m of wire ?

Answers

Answer:

176cm

400 times

Step-by-step explanation:

CAN SOMEONE GIVE ME A RIGHT ANGLE TRIG WORD PROBLEM JUST MAKE IT UP PLS ILL GIVE BRAINLIEST

Answers

Answer:

In a right triangle, the leg adjacent to an angle of 25° is 13 cm long. How long is the leg opposite the 25° angle, to the nearest tenth?

Step-by-step explanation:

Select all expressions equivalent to
532
20
202
124
55
51.43
5.43

Answers

3rd and 5th answers are correct

How do you know what units to use for Tamara to feed her cats

Answers

The units use for Tamara's cats is an illustration of metric units

Tamara's unit of feeding her cats is cups

How to determine the unit of measurement?

From the complete question, the amount of feed Tamara gives her cat to be:

Amount = 1/8 cups

This means that the unit of feed Tamara used is cups

Hence, Tamara's unit of feeding her cats is cups

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Sort all of the following triangle side lengths into if each set would form a right, acute, or obtuse triangle.

Answers

Answer:

  acute, acute, obtuse*, right, obtuse

Step-by-step explanation:

The Pythagorean theorem is used as a reference for classifying triangles from their side lengths. If the sum of the squares of the short sides is equal to the square of the long side, then the triangle is a right triangle. If the long side is too short, then triangle is acute. If the long side is too long, the triangle is obtuse.

__

The math can be tedious, so it is convenient to let a spreadsheet do it. The results are attached.

The first two triangles are acute; the 4th one is a right triangle, and the remaining two are obtuse.

_____

Additional comment

* Note that triangle #3, with side lengths 2, 4, 6, is classified as "obtuse" because the largest angle is greater than 90°. In fact, with those side lengths, the largest angle is 180°. Some would argue it isn't a triangle at all because its area is 0 and it looks like a line segment.

(Our spreadsheet doesn't care if the triangle inequality is not satisifed. It is only concerned with the Pythagorean theorem.)

Help help help help math

Answers

Answer:

(-8, 12)

Step-by-step explanation:

Dilation of point (-4, 6) about point (0, 0)

Scale factor = 2

Image coordinate:

(-8, 12)

hope this helps and is right!! p.s. i really need brainliest :)

please help I'm so stuck on this​

Answers

Answer:

divide the anser in the pasage

Step-by-step explanation:

divide the two numbers

on
Find the distance between -1/2 and 1 2/3
on
a number line.

units

Answers

Answer:

Step-by-step explanation:

1 2/3 -(-1/2)

=5/3+1/2

[tex]=\frac{10+1}{6} \\=\frac{11}{6} \\=1\frac{5}{6}[/tex]

1 Susie wants to make some hot cereal for breakfast. The directions say to use 3 cups
of water with 1 cup of cereal to make 4 servings. Susie only wants 1 serving.
a
How much cereal should she use?
b How much water should she use?

Answers

Using proportions to relate the amount of cups needed, it is found that she should use:

a) 0.25 cups of cereal.

b) 0.75 cups of water.

What is a proportion?

A proportion is a fraction of a total amount.

In this problem, for 4 servings, 3 cups of water and 1 cup of cereal is needed. One serving is one-fourth of the amount, hence:

Item a:

1/4 x 1 = 0.25 cups of cereal.

Item b:

1/4 x 3 = 3/4 = 0.75 cups of water.

More can be learned about proportions at https://brainly.com/question/24372153

What is the answer for this question?

Answers

Answer:

is this from flvs?

Step-by-step explanation:

A can of soda can be modeled as a right cylinder. Aubrey measures its height as 10.1
cm and its circumference as 14 cm. Find the volume of the can in cubic centimeters.
Round your answer to the nearest tenth if necessary.

Answers

The volume of the cylinder is the amount of space in the cylinder

The volume of the cylinder is 218.4 cubic centimeter

How to determine the volume of the cylinder?

The given parameters are:

Circumference (C) = 14 cm

Height (h) = 10.1 cm

Start by calculating the radius (r) using:

[tex]C = 2\pi r[/tex]

So, we have:

[tex]2\pi r = 14[/tex]

Make r the subject

[tex]r =\frac 7\pi[/tex]

The volume of the cylinder is then calculated as:

[tex]V =\pi r^2h[/tex]

This gives

[tex]V =\pi * (\frac{7}{\pi})^2 * 14[/tex]

Evaluate

[tex]V =218.4[/tex]

Hence, the volume of the cylinder is 218.4 cubic centimeter

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find the measure of angles 2, 3, and 4. input the measures then click done. i-ready

please help i missed a day of class i cant figure this out

Answers

Answer:

m∠2 = 95°

m∠3 = 85°

m∠4 = 95°

Step-by-step explanation:

Vertical Angle Theorem:

When two straight lines intersect, the opposite vertical angles formed are always equal (congruent) to each other.

Therefore,

m∠3 = 85°

m∠2 = m∠4

Linear pair:

Two adjacent angles which, when combined, form a line, so the sum of a linear pair is 180°.

Therefore,

85° + m∠2 = 180°

m∠3 + m∠4 = 180°

If  85° + m∠2 = 180°

⇒ m∠2 = 180° - 85°

m∠2 = 95°

As  m∠2 = m∠4  then  m∠4 = 95°

how many 5 seater taxis do you need for78 people

Answers

Step-by-step explanation:

Answer: 78 /5 = 15.6 = 16 taxis. Step-by-step explanation: I HOPE THIS WILL HELP YOU AND MARK IT AS BRAINLIEST ANSWER PLEASE.

Solve -5(3n + 4) = 40.

Answers

N=-4
Distribute the -5
-15n-20=40
-15n=60
n=-4

which of the following steps were applied to ABCD to obtain A'B'C'D'?

A. shifted 3 units left and 2 units up
B. shifted 2 units left and 4 units up
C. shifted 2 units left and 3 units up
D. shifted 3 units left and 4 units up ​

Answers

Answer:

A. shifted 3 units left and 2 units up

Answer:

shifted 3 units left and 2 units up

the ratio of the length of shantels pool to the length of juan's pool is 3 to 5 shantels pool is 30 meters how long is Juan’s pool

Answers

Step-by-step explanation:

the ratio of the pool lengths is 3/5.

that means for every 3 meters of length on Shantel's pool, there are 5 meters of length on Juan's pool.

it the other way around : to get to the size of Shantel's pool, every 5 meters of length on Juan's pool are converted to 3 meters.

x = length of Juan's pool

x × 3/5 = 30

3x = 150

x = 50 meters

you see the relationship ?

3/5 = 30/50 = 300/500 = ...

but it is true for any factor

3/5 = 15/25 = 24/40 = 6/10 = ...

once you see the factor for one part of the ratio, you know there is the same factor for the other part (or parts) of the ratio. otherwise the ratio would not stay the same and keep the relationship.

An AC generator produces an alternating current with a peak value of 18 V. The resistance of the lamp is 4 ohms. What is the effective current?​

Answers

The effective current when an AC peak voltage of 18V is applied to a lamp with 4 ohm resistance is 3.18 A.

What is current?

Current is the flow of electrons through a conductor when voltage is applied across the conductor.

Given the peak voltage of 18 V, hence:

[tex]V_{rms}=\frac{Peak\ value}{\sqrt{2} } =\frac{18}{\sqrt{2} } =12.73 V\\\\I_{rms}=\frac{V_{rms}}{resistance } =\frac{12.73}{4 } =3.18 A\\[/tex]

The effective current when an AC peak voltage of 18V is applied to a lamp with 4 ohm resistance is 3.18 A.

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PLEASE HELP PLEASE I WILL GIVE BRAINLIEST

Answers

Answer

Parallelogram: A quadrilateral with 2 pairs of parallel sides. Rectangle: A parallelogram with 4 right angles.

I need to solve 5 :(

Answers

Answer:

the distance between df is just 2dj so i belive its 12.

Step-by-step explanation:

molly makes 70% of her free throws. The random numbers below represent 20 trials of a simulator of two free throws, using the numbers 9 through 0
38 38 21 50 64
71 66 42 47 90
80 82 29 98 27
87 89 89 93 03
let the numbers from --- to ----- represent a successful free throw.
let the numbers from ---- to ----- represent a missed free throw.
based on the simulated results, the probability that molly makes both free throws is
----- or ------%

Answers

The random number simulator of Molly's throws is an illustration of probability.

The probability of making both free throws is 30%

How to determine the probability?

From the complete question, we understand that:

The simulator is based on numbers 0 to 9

Given that she makes 70% of her free throws, then it means that 7 of the 10 numbers would represent a successful throw, while the other three would represent a missed throw

So, we have:

Let the numbers from 0 to 6 represent a successful free throw.Let the numbers from 7 to 9 represent a missed free throw.

From the random numbers, she has two successful free throws in:

21 50 64 66 42 03 --- 6 numbers of 20

The probability of making two free throws is then calculated as:

P = 6/20

Evaluate

P = 30%

Hence, the probability of making both free throws is 30%

Read more about probability at:

https://brainly.com/question/251701

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