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The demand for a quantity A is q = pp13-2p1-3p22. Find the partial elasticities EqEpEqEp1 and EqEpEqEp2 when p1 = p2 = 2. - Business Mathematics and Statistics

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प्रश्न

The demand for a quantity A is q = `13 - 2"p"_1 - 3"p"_2^2`. Find the partial elasticities `"E"_"q"/("E"_("p"_1))` and `"E"_"q"/("E"_("p"_2))`  when p1 = p2 = 2.

बेरीज

उत्तर

q = `13 - 2"p"_1 - 3"p"_2^2`

`(del"q")/(del"p"_1)` = 0 - 2(1) - 0 = - 2

`(del"q")/(del"p"_2)`= 0 - 0 - 3(2)p2 = - 6p2

`"E"_"q"/("E"_("p"_1)) = - "p"_1/"q" (del"q")/(del"p"_1)`

`= (- "p"_1)/(13 - 2"p"_1 - 3"p"_2^2)`(- 2)

When p1 = p2 = 2,

`"E"_"q"/("E"_("p"_1)) = ((-2)/(13 - 2 xx 2 - 3 xx 2^2))`(-2)

`= (- 2 xx -2)/(13 - 4 - 3 xx 4)`

`= 4/(13 - 4 - 12)`

`= 4/(13 - 16)`

`= 4/(- 3) = (-4)/3`

`"E"_"q"/("E"_("p"_2)) = - "p"_2/"q" (del"q")/(del"p"_2)`

`= (- "p"_2)/(13 - 2"p"_1 - 3"p"_2^2) (- 6"p"_2)`

When p1 = p2 = 2,

`"E"_"q"/("E"_("p"_2)) = ((-2)/(13 - 2 xx 2 - 3 xx 2^2)) (- 6 xx 2)`

`= (- 2 xx -12)/(13 - 4 - 12)`

`= 24/(-3)` = -8

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Applications of Partial Derivatives
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पाठ 6: Applications of Differentiation - Exercise 6.5 [पृष्ठ १५४]

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सामाचीर कलवी Business Mathematics and Statistics [English] Class 11 TN Board
पाठ 6 Applications of Differentiation
Exercise 6.5 | Q 5 | पृष्ठ १५४
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