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Math Help - Elasticity of T in respects to X

  1. #1
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    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.
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  2. #2
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    Quote Originally Posted by KiruD View Post
    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 ?
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  3. #3
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    1) t=100x/(20+x)+49
    2) and I don't understand this.
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  4. #4
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    Quote Originally Posted by KiruD View Post
    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" ?
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  5. #5
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    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.
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  6. #6
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    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.
    Last edited by mr fantastic; July 23rd 2010 at 03:46 PM.
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