withy
11-06-2006, 01:00 PM
i'm working on some on my calc homework and i'm having a little trouble with this problem in particular:
the demand function is modeled by:
P = 740-x^1/2 , 0 <=x <= 740
find the interval on which the demand is elastic, inelastic, and of unit elasticity.
price elasticity = (p/x)/(dp/dx)
so i know that i have to substitute (740-x)^1/2 into the equation..... but how?
i e-mailed the math lab hear and they gave me this:
(((740-x)^1/2)/x)/(-1/(2/((740-x)^1/2)))
so my question to everyone is why is d/dx = (-1/(2/((740-x)^1/2)))?!?!?!?!?
its a simple problem but i jsut can't see it....
the demand function is modeled by:
P = 740-x^1/2 , 0 <=x <= 740
find the interval on which the demand is elastic, inelastic, and of unit elasticity.
price elasticity = (p/x)/(dp/dx)
so i know that i have to substitute (740-x)^1/2 into the equation..... but how?
i e-mailed the math lab hear and they gave me this:
(((740-x)^1/2)/x)/(-1/(2/((740-x)^1/2)))
so my question to everyone is why is d/dx = (-1/(2/((740-x)^1/2)))?!?!?!?!?
its a simple problem but i jsut can't see it....