Given $f ( x ) = x ^ { 3 } + x - 4$

question 56

Essay

Given $f ( x ) = x ^ { 3 } + x - 4$ , use Newton's method to find the iterative formula for $x _ { n + 1 }$ .

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Price Elasticity

A measure of how much the demand or supply of a product changes in response to a change in its price.

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A measure of how much the quantity demanded of a good responds to a change in its price, with high elasticity indicating sensitivity to price changes.