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Author Question: For the given demand function, find the value(s) of x for which total revenue is a maximum.x = D(x) = 800 - x (Read 18 times)

mckennatimberlake

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on: Jun 16, 2021

Question 1

For the demand function given, find the elasticity at the given price and state whether the demand is elastic, inelastic, or whether it has unit elasticity.

q = D(x) = ;   x = 1
◦ ; elastic
◦ ; inelastic
◦ ; inelastic
◦ 1; unit elasticity

Question 2

For the given demand function, find the value(s) of x for which total revenue is a maximum.

x = D(x) = 800 - x
◦ 800
◦ 320
◦ 1600
◦ 400
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Marked as best answer by mckennatimberlake on Jun 16, 2021

tdewitt

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Reply #1 on: Jun 16, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mckennatimberlake

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Reply 2 on: Jun 16, 2021
YES! Correct, THANKS for helping me on my review

DylanD1323

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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