Thursday
October 23, 2014

Homework Help: Math - Limits/Derivatives

Posted by Jess on Saturday, October 19, 2013 at 1:09pm.

If a price-demand equation is solved for p, then price is expressed as p = g(x) and x becomes the independent variable. In this case, it can be shown that the elasticity of demand is given by E(x) = - [g(x) / xg'(x)]. Use the given price-demand equation to find the values of x for which demand is elastic and for which demand is inelastic.
p = g(x) = 12960 - 0.1x^2

I am really stuck on this question and don't know how to start, could someone please show me?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Further calculus - 1) A price p (in dollars) and demand x for a product are ...
Math - Limits/Derivatives - The demand x is the number of items that can be sold...
calc - I have everything right but the last question asking how many cases per ...
Math - Could someone work this question out so I understand it. Thanks The ...
brief calculus - I have everything right but the last question asking how many ...
Math - Could someone work this question out so I understand it. Thanks The ...
Math - Could someone work this question out so I understand it. Thanks The ...
Math - Could someone answer this question so I understand it. Thanks The ...
Finite Math - At a price of $ 1.94 per bushel, the supply corn in 9,800 million ...
Microecon - If you are given this function: P=1000-40Q where P=price and Q=sales...

Search
Members