1. If the demand equation for a certain commodity is given by the equation: 550p + q = 86,000 where p is the price per unit; at what price is unitary elasticity achieved? Unitary elasticity is achieved when p = Round your answer off to two decimal places. 2. If the total cost function for a product is: C(x) = 2x2 + 54x + 98 dollars; first find the average cost function and then find the minimum value for the average cost per unit for this product. The minimum average cost per unit for this function is dollars per unit ? 3. A firm can produce at most 100 units of a particular product per week. If the average weekly cost function for this product is given by the equation: C(x) =500/x+1500 and the weekly demand equation is: p = 1600 - X ; then use this information to find the weekly profit equation and then use the weekly profit equation to determine the maximum profit per week that can be achieved by this product. The maximum weekly profit that can be obtained by this product is dollars a week 4. If the demand function for a product is given by P=4400/q+3 find the elasticity coefficient for this demand function when p = $220.Round your answer off to 2 decimal places.Elasticity Coefficient = E =