11-06-2006, 01:00 PM | #1 |
Leaky Injector
Join Date: May 2005
Location: wichita, ks
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calc help....please!
i'm working on some on my calc homework and i'm having a little trouble with this problem in particular:
the demand function is modeled by: P = 740-x^1/2 , 0 <=x <= 740 find the interval on which the demand is elastic, inelastic, and of unit elasticity. price elasticity = (p/x)/(dp/dx) so i know that i have to substitute (740-x)^1/2 into the equation..... but how? i e-mailed the math lab hear and they gave me this: (((740-x)^1/2)/x)/(-1/(2/((740-x)^1/2))) so my question to everyone is why is d/dx = (-1/(2/((740-x)^1/2)))?!?!?!?!? its a simple problem but i jsut can't see it.... |
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11-06-2006, 01:56 PM | #4 |
Guild of Skullduggerous Intent
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P is a function of x so -> p(x) = 740 - x^1/2
derivative of p(x) = p'(x) = -(1/2)x^(-1/2) = -1/[2x^1/2] p/x = (740 - x^1/2) / x so (p/x)/(dp/dx) = [(740 - x^1/2) / x ] / [-1/(2x^1/2)] simplify to get this: price elasticity = 1/2 - 370/x^1/2 = e(x) for simplicity e'(x) = 160 / x^3/2 derivative of price elasticity function You can graph this function to find out the interval of growth (elasticity?), decline (inelastic?) and unity (equate the function to 1 and solve for x). Been a while so make sure you double check your work with a classmate or teacher. |
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