Friday
November 28, 2014

Homework Help: Calculus

Posted by jacob on Tuesday, December 4, 2012 at 9:31am.

When an electronics store prices a certain brand of stereos at p hundred dollars per set, it is found that q sets will be sold each month, where q2 + 2 p2 = 41.
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).

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Calculus - When an electronics store prices a certain brand of stereos at p ...
Math - An appliance store sells three brands of TV sets, brands A, B, and C. The...
Math - FeatureShop sells 80 stereos per month at a cost of $600 each. The ...
ALGEBRA - The profit made from the sale of tiles is found by subtracting the ...
math - The sales team at an electronics store sold 48 computers last month. The ...
calculus - the telephone company is planning to introduce two new types of ...
calculus - The demand function for a product is given by p = 10,000(1 − (5...
math calculus - The demand function for a product is given by p = 10,000(1 &#...
statistics - Use Bayes' theorem to solve this problem. A storeowner purchases ...
statistics - Use Bayes' theorem to solve this problem. A storeowner purchases ...

Search
Members