The demand curve for a product is given by .
A. Write revenue as a function of price and take its derivative to find the price (to the nearest cent) that will maximize revenue.
B. Find the elasticity (to two decimal places) at the price you found in part A.

Question

The demand curve for a product is given by  .
A. Write revenue as a function of price and take its derivative to find the price (to the nearest cent) that will maximize revenue.
B. Find the elasticity (to two decimal places) at the price you found in part A.

Quizplus · Accepted Answer

The Answer of The demand curve for a product is given by  .
A. Write revenue as a function of price and take its derivative to find the price (to the nearest cent) that will maximize revenue.
B. Find the elasticity (to two decimal places) at the price you found in part A.

The Demand Curve for a Product Is Given by