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ERIC Number: EJ875496
Record Type: Journal
Publication Date: 2006
Pages: 3
Abstractor: As Provided
Reference Count: 0
ISBN: N/A
ISSN: ISSN-0740-8404
The Calculus of Elasticity
Gordon, Warren B.
AMATYC Review, v27 n2 p53-55 Spr 2006
This paper examines the elasticity of demand, and shows that geometrically, it may be interpreted as the ratio of two simple distances along the tangent line: the distance from the point on the curve to the x-intercept to the distance from the point on the curve to the y-intercept. It also shows that total revenue is maximized at the transition point from elastic to inelastic demand; when elasticity is unitary.
American Mathematical Association of Two-Year Colleges. 5983 Macon Cove, Memphis, TN 38134. Tel: 901-333-4643; Fax: 901-333-4651; e-mail: amatyc@amatyc.org; Web site: http://www.amatyc.org
Publication Type: Journal Articles; Reports - Evaluative
Education Level: Two Year Colleges
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A