subject
Mathematics, 14.03.2020 04:44 vanessafalcon1198

The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula q = 102e−3p2 + p, where q is the demand in monthly sales and p is the retail price in hundreds of yen.

(a) Determine the price elasticity of demand E when the retail price is set at ¥300.
E =

Interpret your answer.
The demand is going (down/up)by % per 1% increase in price at that price level. Thus, a large priceis advised.

(b) At what price will revenue be a maximum?hundred yen

(c) Approximately how many paint-by-number sets will be sold per month at the price in part (b)? (Round your answer to the nearest integer.) paint-by-number sets per month

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 14:40
How far is x from 5 on a number line?
Answers: 1
question
Mathematics, 21.06.2019 17:20
Solve -2(4y + 6) = 52. 5 -5 8 -8 and !
Answers: 1
question
Mathematics, 21.06.2019 18:30
What is the answer to this question? i'm a bit stumped. also how do i do it? 5(x - 4) = 2(x + 5)
Answers: 1
question
Mathematics, 21.06.2019 19:30
Acabinmaker buys 3.5 liters of oat varnish the varnish cost $4.95 per liter what is the total cost of 3.5 liters
Answers: 1
You know the right answer?
The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula q = 102e−3p2 +...
Questions
question
World Languages, 18.03.2021 01:50
question
Mathematics, 18.03.2021 01:50
question
Mathematics, 18.03.2021 01:50
question
Mathematics, 18.03.2021 01:50
question
Mathematics, 18.03.2021 01:50
question
Mathematics, 18.03.2021 01:50
Questions on the website: 13722361