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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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.
Last edited by mr fantastic; July 23rd 2010 at 03:46 PM.
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