Business, 27.04.2021 14:50, totallybriii

The demand function for a Christmas music CD is given by x=0.25(225−p2) where x (measured in units of a hundred) is the quantity demanded per week and p is the unit price in dollars. (a) Evaluate the elasticity at 10. E(10)= (b) Should the unit price be lowered slightly from 10 in order to increase revenue? ? (c) When is the demand unitary? p= dollars (d) Find the maximum revenue. Maximum revenue = hundreds of dollars

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The demand function for a Christmas music CD is given by x=0.25(225−p2) where x (measured in units o...