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The formula for finding the rate of change of a quantity with respect to time, known as the dp/dt formula, is:

dp/dt (change in quantity) / (change in time)

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3mo ago

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Amount of change of one measurment in a given amount of time?

The rate of change is a measure of how one quantity changes over time. It is calculated by finding the difference in the quantity values divided by the difference in time. If the quantity is increasing, the rate of change is positive, while if it is decreasing, the rate of change is negative.


Formula for marginal product of labor?

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How you can find price elasticity of demand if quantity of demand and price is given?

by the formula : %changge in quantity demanded/% change in price of good


How do you calculate the quantity demanded when the elasticity is given?

To calculate the quantity demanded when the elasticity is given, you can use the formula: Quantity Demanded (Elasticity / (1 Elasticity)) (Price / Price Elasticity). This formula helps determine the change in quantity demanded based on the given elasticity and price.


What is the formula for price elasticity of demand?

Ed=% Change in quantity demanded/% Change in price=(Q2-Q1)/Q1/(P2-P1)/P1= P1 - Price before change P2 - Price after change Q1 - Quantity before change Q2 - Quantity after change Ed- Price elasticity of demand


What is the marginal revenue formula from the demand function and how does it impact pricing strategies?

The marginal revenue formula from the demand function is the derivative of the total revenue function with respect to quantity. It is calculated by finding the change in total revenue when one additional unit is sold. Marginal revenue helps businesses determine the optimal level of production and pricing strategies by showing how changes in quantity sold affect revenue. It is used to maximize profits by setting prices based on the relationship between marginal revenue and marginal cost.


How can one calculate the elasticity of demand from a demand function?

To calculate the elasticity of demand from a demand function, you can use the formula: elasticity of demand ( change in quantity demanded) / ( change in price). This formula helps determine how responsive the quantity demanded is to changes in price.


What does the elasticity of demand refers to?

it refers to the the responsiveness of quantity of goods demanded by consumers when there is a change in price level. The formula PED is percentage change in quantity demanded divided by percentage change in price of that particular good.


What does the price elasticity of demand refer to?

it refers to the the responsiveness of quantity of goods demanded by consumers when there is a change in price level. The formula PED is percentage change in quantity demanded divided by percentage change in price of that particular good.