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Mathematics, 02.09.2019 19:20 nerogravestones
Shark inc. has determined that demand for its newest netbook model is given by lnq−3lnp+0.004p=7lnq−3lnp+0.004p= 7, where q is the number of netbooks shark can sell at a price of pp dollars per unit. shark has determined that this model is valid for prices p≥100p≥100. you may find it useful in this problem to know that elasticity of demand is determined to be e(p)=dqdppqe(p)=dqdppq
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Shark inc. has determined that demand for its newest netbook model is given by lnq−3lnp+0.004p=7lnq...
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