Quantcast

A community for students. Sign up today!

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

Riley

  • 3 years ago

A quadratic regression based on old sales data reveals the following demand equation for the T-shirts: q = −2p^2 + 24p (9 ≤ p ≤ 15). Here, p is the price the club charges per T-shirt, and q is the number it can sell each day at the flea market. (a) Obtain a formula for the price elasticity of demand for E = mc2 T-shirts. (b) Compute the elasticity of demand if the price is set at $15 per shirt. (c) How much should the Physics Club charge for the T-shirts in order to obtain the maximum daily revenue? (d)What will the revenue be?

  • This Question is Closed
  1. Riley
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    Very confused and frustrated with this elasticity stuff . . . uuughhh

  2. becca18
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    I think this is college stuff because i'm in the tenth grade and i don't have a clue what that means lol sorry I wish I could help!

  3. Riley
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    yeah it is college stuff =/ and it's kicking my butt . . .

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

    • Attachments:

Ask your own question

Ask a Question
Find more explanations on OpenStudy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...

23

  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.