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 98 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
Wow, this really help


EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Gracias!

 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

For a complete list of videos, visit our video library