# 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

**Discipline:** Mathematics

**Type of Paper:** Question-Answer

**Academic Level:** Undergrad. (yrs 3-4)

**Paper Format:** APA

**Pages:**1

**Words:**275

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

**Expert Answer**

Step 1)

Elasticity of demand is given by,

we have q = 39,000 - 3p^{2} 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,