Please help. This is Quick calc.

[djdownfawl]

Please review attachment i am not able to answer the blank and wrong ones.
Thanx

 

[Deleted member 4993]

Please review attachment i am not able to answer the blank and wrong ones.
Thanx

Please tell us how did you calculate

- for problem #1 - E(96) = 1

- for problem #2 - dc/dx (x =13) = 1.165

- for problem #3 - marginal profit (at x= 40) = 1770

 

[djdownfawl]

I guessed the elasticity.

I got 1770 using the 40 and ther derivativ of eqn

Please help its due today .. Please.

 

[Deleted member 4993]

I guessed the elasticity.

Since you guessed - please tell me the definition of elasticity?

Under what conditions the demand curve is inelastic?

I got 1770 using the 40 and ther derivativ of eqn

For 3(a) Evaluate P(40) and P(41) and subtract one from the other

For (2) find dC/dx and evaluate at x = 13

Please help its due today .. Please.

 

[djdownfawl]

E(p)<1 inelastic

 

[Deleted member 4993]

E(p)<1 inelastic

And the definition ?

and how do you calculate E(p)?

 

[djdownfawl]

for 3a i got 1770 - 1766 = 4 and it says wrong answer.

 

[djdownfawl]

Please help me with answers with Prob 10 i dont have time please...
I have class in 10 mins

 

[djdownfawl]

Can somebody please help .. thank you

 

[Deleted member 4993]

I am ready to help you - after you answer my questions posed above (and below):

And the definition (of Ep)?

and how do you calculate E(p)?

 

[djdownfawl]

ok i figured it out..
e(p) = Pf'(p) / f(p)

so i found out f'p of the eqn and i plugged it in the eqn above and i got correct answers.

Thank you so much