# MyUSF Thursday 11/05 Part 1 of 1 X Course Home X mathxl.com/Student/PlayerHomework.aspx?homeworkld-576815529&questionid=1&flushed MAC2233 Business Calcu

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Question

MyUSF Thursday 11/05 Part 1 of 1 X Course Home X mathxl.com/Student/PlayerHomework.aspx?homeworkld-576815529&questionid=1&flushed MAC2233 Business Calculus, Sections 021-026 Fall 2020 Homework: HW 15: Price Elasticity of Demand Score: 0 of 2 2 pts 2 of 3 (0 comp Bus Econ 6.3.21 For the following demand function, find a E, and b. the values of a cif any) at which total revenue is maximized q=39,000 -3p2 a. Determine the elasticity of demand, E. E-(Type an expression using pas the variable) Enter your answer in the answer box and then click Check Answer 1 par Clear All - remaining Book

Step 1)

Elasticity of demand is given by,

we have q = 39,000 - 3p2 hence,

Step 2)

we know that total revenue ia maximized when E = 1

we have,

Hence we can write,

price cannot be negative hence we have,

we have,

Hence we can write values of q at which revenue is maximum is given by,