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November 14th, 2017, 01:46 PM   #1
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Exclamation Writing A Calculus Paper

Prompt: According to the price-demand equation "x=f(p)=8500-25p" at what unit price are you selling your product if demand is 1000 units per month? Write a function for the elasticity of demand E(p) and determine whether the demand is elastic, inelastic, unit elastic at the unit price of 27.38 at 1000 per month and the original cost being $25 and the cost function being c(x)=25x+2375.
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November 16th, 2017, 05:01 AM   #2
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I am a bit puzzled by this. A price of 27.38 and quantity 1000 does not satisfy either the demand or the cost functions given.
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