For the demand function q D(p) = (437-p)^1/2, find the following. a) The elasticity b) The elasticity at p = 114, stating whether the demand is elastic, inelastic or has unit elasticity c) The value(s) of p for which total revenue is a maximum (assume that p is in dollars) a) Find the equation for elasticity. E(p) = .b) Find the elasticity at the given price, stating whether the demand is elastic, inelastic or has unit elasticity E(114) = (Simplify your answer. Type an integer or a fraction.) Is the demand elastic, inelastic, or does it have unit elasticity? a. elastic b. inelastic c. unit elasticity c) Find the value(s) of p for which total revenue is a maximum (assume that p is in dollars).

answer: b.48 for

step-by-step explanation:

use an equation of ratios to determine the amount of gas needed to fill the tank.

    0.2             0.8

  =    

288.75             x

                                                              231 gal

so, 0.2x = (0.8)(288.75 gal), and x = = 1155 gal.

                                                                0.2

it would take 1155 gal. to fill the tank.

the cost would be

1155 gal         $3

* = $3465   (answer)

      1           1 gal

hope this you

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investment b is an ordinary annuity with $3,909.64 in the account after one year.

step-by-step explanation: