Thursday

October 23, 2014

October 23, 2014

Posted by **jacob** on Monday, December 3, 2012 at 8:53pm.

a. Find the elasticity of demand for the stereos using implicit differentiation.

b. For a unit price of p = 4 ($400), is the demand elastic, inelastic, or of unit elasticity?

c. Find the number of stereo sets that will maximize revenue (prove your answer).

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