Riley
  • Riley
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?
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
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.
schrodinger
  • schrodinger
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
Riley
  • Riley
Very confused and frustrated with this elasticity stuff . . . uuughhh
anonymous
  • anonymous
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!
Riley
  • Riley
yeah it is college stuff =/ and it's kicking my butt . . .

Looking for something else?

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