Given the following example I need to find elasticity of t in respects to x.

T=100x/20+x+49

I'm stuck on it and don't know where to go with it.

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- Jul 23rd 2010, 11:16 AMKiruDElasticity of T in respects to X
Given the following example I need to find elasticity of t in respects to x.

T=100x/20+x+49

I'm stuck on it and don't know where to go with it. - Jul 23rd 2010, 01:47 PMskeeter
- Jul 23rd 2010, 02:38 PMKiruD
1) t=100x/(20+x)+49

2) and I don't understand this. - Jul 23rd 2010, 02:47 PMskeeter
- Jul 23rd 2010, 02:54 PMKiruD
It is elasticity in regards to the chain rule of the question above. I think it t is suppose to be price and x is quantity, because we've only talked about elasticity of demand in class thus far.

- Jul 23rd 2010, 03:35 PMskeeter
here is a link to a question about your topic ... maybe you should have posted this in the Business math forum.

http://www.mathhelpforum.com/math-he...lasticity.html

**Moderator edit:**The thread has been moved to that subforum.