The demand curve for original Iguanawoman comics is given by q = (400 - p) ^2/100 (0 ≤ p ≤ 400) where q is the number of copies of the publisher can sell per week if it sets the price at $ pa) Find the price elasticity of demand when the price is set at $ 40 per copy. b) Find the price at which the publisher should sell the book in order to maximize weekly revenue. Hint: weekly revenue reaches its maximum value when the price elasticity of demand E = - dq/dp p/q, equals 1. Find the price such that E = 1c) What, to the nearest $ 1, is the maximum weekly revenue the publisher can realize from sales of Iguanawoman comics?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The demand curve for original Iguanawoman comics is given by q = (400 - p) ^2/100 (0 ≤ p ≤ 400) where q is the number of copies of the ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Round 3,989.23655 to the nearest thousandth.
Answers (1)
Naomi has earned $54 mowing lawns in the past two days she worked 2 1/2 hours yesterday And 4 1/4 hours today if Naomi is pay the same amount for every hour she works how much does she earn per hour to mow lawns
Answers (1)
23. Solve: 14-4y_<66 A) Y_>-17 B) Y>-13 C) Y_>-13 D) Y>-17 Note: _ mean less than or equal to and greater than or equal to. (I didn't have a way to type that out.)
Answers (2)
maureen purchased a watch for a sale price of $24. the price was 20% off its original price. which expression computes the original price of the watch? (answer choices A. $24 x 0.20 B. $24 x (1 - 0.20) C. $24 : (1 - 0.20) D. $24 : 0.20)
Answers (1)
Sun Yi estimated 270 + 146 and got 320 is her estimate reasonable explain
Answers (2)
New Questions in Mathematics
Jade is making a square birthday card and she's going to put a ribbon borders on each of the 4 equal sides piece of ribbon that is 33 inches long do you have all of the ribbon how many inches of ribbon conget put on all equals side
Answers (1)
Suppose that textbook weights are normally distributed. You measure 28 textbooks' weights, and find they have a mean weight of 76 ounces. Assume the population standard deviation is 12.3 ounces.
Answers (1)
ABC Bookstore rents a storage space that is 75 ft x 50 ft and 15 ft high. It is charged $2.50 per square foot. How much does ABC Bookstore spend on storage space? O A. $140,625 O B. $9375 O C. $2500 O D. $3750
Answers (1)
31/9 as a mixed number
Answers (1)
Find 4x when 3x equals 3
Answers (1)