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Illustrate what is point cost elasticity of demand

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Reference no: EM1367587

Q. following demand function has been estimated for F machines

Qd = 3500 - 40P + 17.5Px + 670U + .0090A + 6500N

a) Illustrate what is point cost elasticity of demand when P = $150, Px = $100, U=.12, A = $200,000 and N= .35

b) Illustrate what is point cost elasticity of demand with respect to company f for values of independent variable

 

Reference no: EM1367587

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