Urgent, Please show work! Thanks!
3) For a certain good we have q = f(p) = 200e^(-0.4p)

a) Find the elasticity of demand at price p = $50.

b) At p = $50, is the demand elastic, inelastic, or does it have unit elasticity? Explain what this means for this product.

c) Find the elasticity of demand at price p = $20.

d) At p = $20, is the demand elastic, inelastic, or does it have unit elasticity? Explain what this means for this product.

E= p/q * dq/dp= 1/3 * -2=-2/3

so if you increased prices, demand decreases.

Explanation:

here is your work let e know if you got this right if you did please say thsnk in rare me

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total

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