Question

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.
Evaluate the elasticity at 10. E(10) =___________________
Should the unit price be lowered slightly from 10 in order to increase revenue? ____________
When is the demand unitary p = __________________
What is the maximum revenue? Revenue = __________________



$1.99
Sales0
Views557
Comments0
  • CreatedJuly 29, 2013
  • Files Included
Post your question
5000