anonymous
  • anonymous
The demand curve for original Iguanawoman comics is given by q=(343-p)^2/100 (0
Mathematics
chestercat
  • chestercat
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your free account and access expert answers to this
and thousands of other questions

dumbcow
  • dumbcow
haha an econ question. ok price elasticity is looking at the slope of the demand curve to see how responsive the price is to a change in quantity. E = price/quantity * q'(p) p = 33 then q = 961 derivative of function using chain rule -> q'(p) = -(343-p)/50 -> E = (33/961)*-(343-33)/50 = -0.2129
dumbcow
  • dumbcow
for part b) revenue is price * quantity -> R(p) = p*(343-p)^2/100 to max revenue differentiate using product rule and set equal to 0 R'(p) = (343-p)^2/100 + -p(343-p)/50 = 0 solve for p -> p = 343/3 For part c) plug p=343/3 back into revenue function
anonymous
  • anonymous
didn't work :/

Looking for something else?

Not the answer you are looking for? Search for more explanations.