economics
posted by Rosa .
Wheat farmers in Kansas would benefit from a devastating crop failure in N.Dakota if the U.S.demand for wheat?
is...
a. inelastic
b. elastic
c. unit elastic
d. downward sloping
e. perfectly elastic

The 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) 
Suppose 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.
Respond to this Question
Similar Questions

Ecconomics
Price elasticity of demand.Tell whether is elastic,perfectly inelastic,perfectly elastic, inelastic,or unit elastic. And what would happen to total revenue if a firm raised its price in each elasticity range identified.a.Ed=2.5 b.Ed=1.0 … 
Economics
The question is, what is the for Math formula to show rather the demand of apples is Elastic, Inelastic, or Unitary Elastic Thank You Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops … 
home economics
Suppose that 200 gallons of gasoline are demanded at a particular price. If the price drops by 1 percent, the quantity demanded of gasoline increases to 200.5 gallon. which of the following statement is true? 
Economics are these correct
Are these correct? Thanks, Answer is next to number of question C 1. Which of the following is consistent with the law of supply? 
Calculus (demand)
18) The demand equation is x + 1/6p  10+0. Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at p=50. a) 5; elastic b) 1/9; inelastic c) 7/6; elastic d) 6; elastic I choose answer … 
calculus
18) The demand equation is x + 1/6p  10+0. Compute the elasticity of demand and determine whether the demand is elastic, unitary, or inelastic at p=50. a) 5; elastic b) 1/9; inelastic c) 7/6; elastic d) 6; elastic I choose answer … 
Economics
Supply is Demand is Scenario A elastic elastic Scenario B elastic inelastic Scenario C inelastic elastic Scenario D inelastic inelastic Which scenario describes the market for oil in the long run? 
ECONOMICS
1)The tire shop sells 50 tires a day at $75. After they raise the price on tires to $85, they now sell 46 tires a day. What is the elasticity of tires at the tire shop? 
ECONOMICS
1)The tire shop sells 50 tires a day at $75. After they raise the price on tires to $85, they now sell 46 tires a day. What is the elasticity of tires at the tire shop? 
macroeconomics
the price of hot dogs changes by 22% and the quantity of hot dogs demanded changes by 25%. This indicates that demand for hot dogs is a.elastic b.inelastic c.unit elastic d.perfectly elastic