Thread: Elasticity 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.

Originally Posted by KiruD

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.

1. your equation needs some parentheses to make it clear.

2. what is the definition of "elasticity" of T w/r to x ?

1) t=100x/(20+x)+49
2) and I don't understand this.

Originally Posted by KiruD

1) t=100x/(20+x)+49
2) and I don't understand this.

you're the one taking the course ... what does your text say about "elasticity" ?

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.

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.