question archive An electronics company determines the demand function q=D(x)=√450−x3 for a new game where qq is the number of games sold when the price is xx dollars per game
An electronics company determines the demand function q=D(x)=√450−x3 for a new game where qq is the number of games sold when the price is xx dollars per game
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An electronics company determines the demand function q=D(x)=√450−x3 for a new game where qq is the number of games sold when the price is xx dollars per game.
a) Find the elasticity.
b) Find the elasticity at x=4x=4.
c) At x=4x=4, will a small increase in price cause the total revenue to increase or decrease?
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