Question: For the following demandfunction, find a. E, and b. the values of q(if any) at which total revenue is maximized. q=39,8002p 2 a. Determine the

For the following demandfunction, find a.E, and b. the values of q(if any) at which total revenue is maximized.

q=39,8002p2

a. Determine the elasticity ofdemand, E.

E=

(An expression using p as thevariable.)

b. Determine the value of q that maximizes the revenue. Select the correct choicebelow, and ifnecessary, fill in the answer box within your choice.

A. Total revenue is maximized at about q=

(Round to the nearest whole number asneeded.)

B. No values of q maximize total revenue.

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