Business Math
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Business Math
3.) The demand equation for a certain product is q=50040p+p^2 where p is the price per unit (in dollars) and q is the quantity of units demanded (in thousands). Find the point elasticity of demand when p = 15. If this price of 15
asked by pypski on December 14, 2016 
managerial economics
Exercise 1 The marketing manager has estimated the company’s demand curve with the equation P=3000 – 40Q. To develop a deeper understanding of pricing and quantity to be produced, complete the following analyses: 1. Draw the
asked by Butter on February 20, 2012 
economics
Assume that demand for product A can be expressed as QA = 500 ¨C 5PA + 3PB and demand for product B can be expressed as QB = 300 ¨C 2PB + PA. Currently, market prices and quantities for these goods are PA, = 5, PB = 2, QA = 481,
asked by Imran on November 2, 2012 
Math  Limits/Derivatives
If a pricedemand 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
asked by Jess on October 19, 2013 
Math
In economics, the demand for a product is the amount of that product that consumers are willing to buy at a given price. The quantity demanded of a product usually decreases if the price of that product increases. Suppose that a
asked by George Carl on February 26, 2018 
ecomonics
I am trying to understand the math part of supply and demand . I am not getting it,I really need help! The question is: The demand and supply functions for sweatshirts are as follows: DEMAND Supply Quanity Quanity demanded(per
asked by elizabeth on November 5, 2008 
Algebra
The price p and x the quantity of a certain product sold obeys and the demand equation p= 1/5x+100 where 0< x
asked by Anonymous on April 8, 2019 
Economics
There are two types of consumers of potatoes: 10 are rich and 50 are poor. Every rich consumer has a demand of 0 for a price of $500/ton; and his/her demand decreases by 1 ton each time the price increases by $1/ton. Every poor
asked by Joe on October 2, 2012 
Finite Math
At a price of $ 1.94 per bushel, the supply corn in 9,800 million bushel and the demand is 9, 300 million bushel. At a price of $1.82 per bushel, the supply is 9,400 million bushels and the demand is 9, 500 million bushels. A,
asked by daylo3 on January 23, 2011 
Math
The demand equation for a product is: q=60/p + ln(65p^3) A) Determine the point of elasticity of demand when p=4, and classify the demand as elastic, inelastic, or of unit elasticity at this price level. B) If the price is
asked by pebbles on January 9, 2017