This topic contains a solution. Click here to go to the answer

Author Question: A CD store determines the following demand function for a particular CDwhere q = the number of CDs ... (Read 51 times)

crobinson2013

  • Hero Member
  • *****
  • Posts: 535

Question 1

A CD store determines the following demand function for a particular CD

 

where q = the number of CDs sold per day when the price per CD is x dollars.   At what price is the revenue a maximum?  Round your answer to the nearest dollar.
◦ $12
◦ $18
◦ $13
◦ $15

Question 2

A CD store determines the following demand function for a particular CD

 

where q = the number of CDs sold per day when the price per CD is x dollars.  Find the elasticity at a price of $12 per CD and state whether the demand is elastic or inelastic.
◦ 0.05; elastic
◦ 0.05; inelastic
◦ 0.54; inelastic
◦ 0.54; elastic


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by crobinson2013 on Jun 16, 2021

snackralk

  • Sr. Member
  • ****
  • Posts: 363
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.
Answer Preview
Only 25% of students answer this correctly




crobinson2013

  • Member
  • Posts: 535
Reply 2 on: Jun 16, 2021
:D TYSM


shailee

  • Member
  • Posts: 392
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

For a complete list of videos, visit our video library