MATH 157 Study Guide - Midterm Guide: University Of Manchester, Exact Change

• School: Simon Fraser University
• Department: Mathematics
• Course: MATH 157
• Professor: All

Document Summary

Question maximum score: write your last name, given name(s), student number, and sfu email id in the box above, sign your name in the box provided, this exam has 6 questions on 6 pages. Please check to make sure your exam is complete: this is a closed book exam, calculator is allowed but graphic calculator is not allowed. 4: ask for clari cation if you cannot understand a question or there appears to be an error. 30: use the reverse side of the previous page if you need more room for your answer, you may lose marks if your explanations are in- complete or poorly presented. Compute the elasticity of demand and determine whether the demand is elastic, inelastic, or of unit elasticity when p = 10. dp = 1 2p. Solution : from x = 300 + p p2, we have dx demand is.