The demand curve Q = A/p, where A is a positive constant, has the property that the
Question:
The demand curve Q = A/p, where A is a positive constant, has the property that the elasticity of demand is ε = -1 everywhere.
a. Use math to show that the revenue is the same at any given point on the constant elasticity of demand curve.
b. Show that, for any point on the constant elasticity of demand curve, the corresponding marginal revenue is zero.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a As in the previ...View the full answer
Answered By
Gauri Hendre
I worked as EI educator for Eduphy India YT channel. I gave online tutorials to the students who were living in the villages and wanted to study much more and were preparing for NEET, TET. I gave tutions for topics in Biotechnology. I am currently working as a tutor on course hero for the biochemistry, microbiology, biology, cell biology, genetics subjects. I worked as a project intern in BAIF where did analysis on diseases mainly genetic disorders in the bovine. I worked as a trainee in serum institute of India and Vasantdada sugar institute. I am working as a writer on Quora partner program from 2019. I writing on the topics on social health issues including current COVID-19 pandemic, different concepts in science discipline. I learned foreign languages such as german and french upto A1 level. I attended different conferences in the science discipline and did trainings in cognitive skills and personality development skills from Lila Poonawalla foundation. I have been the member of Lila poonawalla foundation since 2017. Even I acquired the skills like Excel spreadsheet, MS Office, MS Powerpoint and Data entry.
4+ Reviews
10+ Question Solved
Related Book For 
Question Posted:
