Wednesday

October 22, 2014

October 22, 2014

Posted by **Rosa** on Tuesday, January 19, 2010 at 12:41am.

is...

a. inelastic

b. elastic

c. unit elastic

d. downward sloping

e. perfectly elastic

- economics -
**mohamd**, Thursday, March 24, 2011 at 3:18pmThe price elasticity of demand for cigarettes is estimated to be (-.4) and the income elasticity is about (+5).

a- Suppose the government impose a tax on cigarettes so the price rises by 10%. Estimate the effect this price increase will have on cigarettes consumption and consumer spending on cigarettes. (both in percentage terms)

- economics -
**mohamd**, Friday, March 25, 2011 at 4:43pmSuppose hospital (A) has 500patients/day and average cost of operation is $1500/day. Hospital (B) has 300 patients/day and average cost of $600/day. Hospital (C) has 100 patients/day and average cost of $600/day. What can you say about the most efficient size of hospital? Explain the reasons for this choice of hospital size. Illustrate your answer with a graph.

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