Microeconomics (full version)
 👍 1
 👎 1
 👁 730

 👍 0
 👎 0

 👍 0
 👎 0

 👍 0
 👎 0

 👍 0
 👎 0
Respond to this Question
Similar Questions

economics
Suppose the price of widgets falls from $7 to $5 and consumption of widgets rises from 15 widgets a month to 25 widgets. Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand

math help
Universal instruments found that the monthly demand for its new line of Galaxy Home Computers t months after placing the line on the market was given by D(t) = 2900 − 2300e−0.08t (t > 0) Graph this function and answer the

Calc
Find the elasticity of demand (E) for the given demand function at the indicated values of p. Is the demand elastic, inelastic, or neither at the indicated values? q=410  0.2 p^2 a.$21 b.$39

Economics
I think I get this but could use some guidance to make sure, I am having problems with 2e). 1)In an article about the financial problems of USA Today, Newsweek, reported that the paper was losing about $20 million a year. A Wall

college
the more elastic the demand for the good labor produces, the less elastic the demand for labor. True or False When a monopolistically competitive firm is in longrun equilibrium, average total cost is at its minimum. True or False

Math  Limits/Derivatives
If a pricedemand equation is solved for p, then price is expressed as p = g(x) and x becomes the independent variable. In this case, it can be shown that the elasticity of demand is given by E(x) =  [g(x) / xg'(x)]. Use the

Economics
Suppose consumers spent $42 million on Christmas trees last year when the average tree cost $30 and this year spend $42 million when the average tree costs $25. Assuming nothing else changed, this data suggests that a. consumers

Economics/Math
Yesterday, the price of envelopes was $3 a box, and Julie was willing to buy 10 boxes. Today, the price has gone up to $3.75 a box, and Julie is now willing to buy 8 boxes. Is Julie's demand for envelopes elastic or inelastic?

Economics
Suppose a university decides to alter its tuition schedule by separating its students based on how many years of college they have completed. Most university programs require four years to complete. Firstyear students would get a

Math
The demand equation for a product is: q=60/p + ln(65p^3) A) Determine the point of elasticity of demand when p=4, and classify the demand as elastic, inelastic, or of unit elasticity at this price level. B) If the price is

Economic
1.According to the law of demand, when the price of an item goes up, the quantity demanded a. stays at the same level. c. falls. b. rises. d. adjusts 2. According to the law of supply, higher prices prompt producers to a. increase

Math
The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p)=800/p barrels, where p is the price per barrel in dollars. Find the demand when p=55. Estimate
You can view more similar questions or ask a new question.