Mathematics
Mathematics, 01.09.2020 23:01, gabby640

School organizations raise money by selling candy door to door. The table shows p, the price of the candy, and q. the quantity sold at that price. a) Estimate the elasticity of demand at a price of $1.00. At this price, is the demand elastic or inelastic? b) Estimate the elasticity at each of the prices shown. What do you notice? Give an explanation for why this might be so. c) At approximately what price is elasticity equal to 1? d) Find the total revenue at each of the prices shown. Confirm that the total revenue appears to be maximized at approximately the price where E = 1.

answer
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 19:00, vane6176
Find the equation of the line with slope =8 and passing through (6,53) write your equation in the form y=mx+b
Answers: 1
image
Mathematics, 21.06.2019 20:30, girlygirl2007
Jason went to an arcade to play video games. he paid $2 for every 11 tokens he bought. he spent a total of $16 on tokens. which equation can be used to determine, t, the number lf tokens jason bought
Answers: 1
image
Mathematics, 22.06.2019 03:00, harlon852
How many and of which kind of roots does the equation f(x)=2x^4−9x^3+17x^2−16x+6 have?
Answers: 3
image
Mathematics, 22.06.2019 04:30, apere655
What is the least common multiple of 8, 12, 7
Answers: 2
Do you know the correct answer?
School organizations raise money by selling candy door to door. The table shows p, the price of the...

Questions in other subjects:

Konu
English, 11.06.2020 21:57
Konu
Mathematics, 11.06.2020 21:57