this is an OER i dont know if u know what this is but I have explain the answer and how I got it :))

alexandr1967 [171]

What is the question you have?

3 0

2 years ago

A bakery works out a demand function for its chocolate chip cookies and finds it to be q = D (x) = 943 - 17 x, where q is the q

Alex73 [517]

Answer:

See expla below

Step-by-step explanation:

Given the demand function:

q = D (x) = 943 - 17 x

a) Find the elasticity:

Find the derivative of the demand function.

D'(x)= -17

Thus, elasticity expression is:

$\frac{x D'(x)}{D'(x)}$

$= \frac{x (-17)}{943 - 17x}$

$= \frac{17x}{943 - 17x}$

Elasticity expression = $E(x) = \frac{17x}{943 - 17x}$

b) At what price is the elasticity of demand equal to 1?

This means E(x) = 1

Substitute 1 for E(x) in the elasticity equation:

$E(x) = \frac{17x}{943 - 17x}$

$1 = \frac{17x}{943 - 17x}$

Cross multiply:

$943 - 17x = 17x$

Collect like terms

$17x + 17x = 943$

$34x = 943$

$x = \frac{943}{34}$

x = 27.74

Elasticity at the price of demand = 1 is 27.74

c) At what prices is the elasticity of demand elastic?

This means E(x) > 1

Therefore,

$\frac{17x}{943 - 17x} > 1$

Cross multiply:

$17x > 943 - 17x$

Collect like terms

$17x + 17x > 943$

$34x > 943$

$x > \frac{943}{34}$

x > 27.74

The elasticity of demand is elastic at x > 27.74

d) At what prices is the elasticity of demand inelastic?

This means E(x) < 1

Therefore,

$\frac{17x}{943 - 17x} < 1$

Cross multiply:

$17x < 943 - 17x$

Collect like terms

$17x + 17x < 943$

$34x < 943$

$x < \frac{943}{34}$

x < 27.74

The elasticity of demand is inelastic at x < 27.74

e) At what price is the revenue a maximum:

Total revenue will be:

R(x) = x D(x)

= x (943 - 17x)

= 943x - 17x²

R(x) = 934 - 17x(price that maximizes total revenue)

Take R(x) = 0

Thus,

0 = 943 - 17x

17x = 943x

$x = \frac{943}{17}$

$x = 27.74$

Total revenue is maximun at x= 27.74 per cookie

f) At x = 21 per cookie, find the price:

Thus,

R (21) = (943 * 21) - (17 * 21²)

= 19803 - 7497

= 12306

At x = 27.74, find the price:

R(27.74) = (943 * 27.74) - (17 - 27.74²)

= 26158.82 - 13081.63

= 13077.19

We can see the new price of cookie causes the total revenue to decrease.

Therefore, with a small increase in price the total revenue will decrease.

5 0

3 years ago

Mario can eat 21 hot dogs in 6 minutes. At the same place, how many minutes would it take him to eat 35 hot dogs?

anyanavicka [17]

Answer:

10 minutes

Step-by-step explanation:

Mario can eat e21 hot dog in 6 minutes

Let 35 hot dog eats in x minutes :

$\frac{35}{x} =\frac{21}{6} \\x=\frac{35(6)}{21} \\x=10 min$

Therefore, mario would eat 35 dogs in 10 min.

6 0

3 years ago

Translate the sentence into an inequality. Ten times the sum of a number and 21 is at most 16. Use the variable y for the unknow

irga5000 [103]

Answer:

10y+ 21 ≥ 16

Step-by-step explanation:

6 0

3 years ago

Find the volume of the cylinder. Round your answer to the<br> nearest tenth.<br> WILL GIVE BRAINLY

larisa86 [58]

Answer:

7 cm

Step-by-step explanation:

10 mm = 1cm

All you need to do is add 10mm + 6cm.

10mm = 1cm

So, 6cm + 1cm.

Therefore, it equals to 7cm.

3 0

2 years ago

Read 2 more answers

this is an OER i dont know if u know what this is but I have explain the answer and how I got it :))​

this is an OER i dont know if u know what this is but I have explain the answer and how I got it :))