If the demand function for q units of a commodity at $p per unit is given by
Question:
p2 (2q + 1) = 100,000
find the rate of change of quantity with respect to price when p = $50. Interpret this result.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (19 reviews)
When p 50 q 195 If the price i...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
1. If the national consumption function is given by C(y) = 2(y + 1)1/2 + 0.4y + 4 find the marginal propensity to consume, dC/dy. 2. Suppose that the demand function for q units of an appliance...
-
If the demand function for q units of a product at $p per unit is given by p(q + 1)2 = 200,000 find the rate of change of quantity with respect to price when p = $80. Interpret this result.
-
If the demand function for a fixed period of time is given by p = 38 - 2q and the supply function before taxation is p = 8 + 3q, what tax per item will maximize the total tax revenue? p is the price...
-
What implications might the difference in initial training provision between the USA and Germany have for the organisation of work and the character of relationships between managers and...
-
Determine the stopping distances for a car with an initial speed of 95 km/h and human reaction time of 1.0s for an acceleration? (a) a = 4.0m/s2 (b) a = 8.0 m/s2.
-
A uniform sphere of radius r is placed at corner A and is given a slight clockwise motion. Assuming that the corner is sharp and becomes slightly embedded in the sphere, so that the coefficient of...
-
The numbers of stolen bases during the 2016 season for Chicago Cubs players who stole at least one base are listed. 2 8 3 2 13 12 6 2 1 5 11 1 Determine whether the data are qualitative or...
-
A small company maintains a petty cash fund for minor expenditures. In June and July 2011, the following transactions took place: a. The fund was established in the amount of $100.00 on June 1 from...
-
Problem #3: A steady free jet of water exits a 0.5 inch diameter nozzle with uniform velocity V (point 1). The water jet impinges on a flat plate having a weight of 5 lbf and hinged at the left edge...
-
Shake Shack Incorporated, which began as a hot dog stand in 2001, now has more than 200 locations worldwide. The following is adapted from Shake Shack's financial statements for the quarter ended...
-
Suppose that production of 10,000 units of a certain agricultural crop is related to the number of hours of labor x and the number of acres of the crop y according to 300x + 30,000y = 11xy - 0.0002x2...
-
The number of grams of radium, y, that will remain after t years if 100 grams existed originally can be found by using the equation Use implicit differentiation to find the rate of change of y with...
-
Martha and Sarah have the same preferences and incomes. Just as Martha arrived at the theater to see a play, she discovered that she had lost the $10 ticket she had purchased earlier. Sarah also just...
-
How long is the Inception phase can be?
-
What happens in inception?
-
What are the likely activities and artifacts in inception?
-
List the drawbacks of structured approach.
-
What is Elaboration?
-
Briefly describe and compare the central banks in the United Kingdom, Japan, and Economic Monetary Union.
-
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
-
For what value of does the equation e2x = k x have exactly one solution?
-
For which positive numbers is it true that ax > 1 + x for all?
-
Given an ellipse x2/a2 + y2/b2 = 1, where a b, find the equation of the set of all points from which there are two tangents to the curve whose slopes are? (a) Reciprocals and (b) Negative reciprocals.
-
calculate the payback period, internal rate of return, and net present value of the proposed mine
-
Home Furnish has bonds on the market with 13 years to maturity and a yield to maturity of 8.5.In the financial newspaper, Home Furnish bonds is quoted as 127.223% of par value. The bonds make...
-
You need to choose between the following two design projects: year Cash flow A cash flow B 0 -$81,000 -$21,800 1 38,600 12,200 2 38,600 12,200 3 38,600 12,200 a) If the required return is 10 percent...
Study smarter with the SolutionInn App