Asked by Sally
Can anyone walk me through the steps of solving either of these problems?
1)Determine the percentage of change of f(x)=e^0.9x at x=15 and x=30
2)For the demand function q=150(245-p^2), find E(p) and determine if the demand is elastic or inelastic (or neither) at the price p=7.
1)Determine the percentage of change of f(x)=e^0.9x at x=15 and x=30
2)For the demand function q=150(245-p^2), find E(p) and determine if the demand is elastic or inelastic (or neither) at the price p=7.
Answers
Answered by
drwls
1) f(30)/f(15) = e^(0.9*15)= 729,416
Relative to the initial value at x=15,,
[f(30)-f(15)]/f(15) =729,415 which equals 7.29*10^7 %
2) You have not defined the E(p) function
Relative to the initial value at x=15,,
[f(30)-f(15)]/f(15) =729,415 which equals 7.29*10^7 %
2) You have not defined the E(p) function
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.