MATHEMATICS I (MATEMATİK I) - (İNGİLİZCE) Dersi Applications of Derivative soru detayı:

PAYLAŞ:

SORU:
What is the relationship between elasticity and revenue?

CEVAP:
If demand is elastic, i.e. |E_p|>1, revenue R(p)=p q(p) decreases as price p increases.
If demand is inelastic, i.e. |E_p|<1, revenue R increases as price p increases. If demand is of unit elasticity, i.e. |E_p|=1, revenue is unaffected by a small change in price.

Applications of Derivative İle İlgili Bütün Soru Cevaplara Geri Dön