Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q2) The demand function for a cola-type soft drink in general is q= 20 - 2P, where Q stand for quantity and P stands for price. a. Calculate point elasticities at prices of 5 and 9. Is the demand curve elastic or inelastic at these points? b. Calculate arc elasticity at the interval between P = 5 and P = 6. c. At which price would a change in price and quantity result in approximately no change in the total revenue? Why? 3. ABC Sports, a store that sells various types of sports clothing and other sports items, is planning to introduce a new design of Arizona Diamondbacks' baseball caps. A consultant has estimated the demand curve to be Q = 2,000 - 100P where Q is cap sales and P is price. a. How many caps could ABC sell at $6 each? b. How much would the price have to be to sell 1,800 caps? c. Suppose ABC were to use the caps as a promotion. How many caps could ABC give away free? 5. Mr. Smith has the following demand equation for a certain product: Q = 30 - 2P. a. At a price of $7, what is the point elasticity? b. Between prices of $5 and $6, what is the arc elasticity? c. If the market is made up of 100 individuals with demand curves identical to Mr. Smith's, what will be the point and arc elasticity for the conditions specified in parts a and b?
1. domestic market demand for some good is described by p 100 - q. domestic supply is described by p 20 2q.
What is the Relevant Market?
Discuss a firm's objective relative to its economic cost. Describe each of the firm's economic cost, and whether these would be considered explicit or implicit. What is the difference between an economic profit and an accounting profit.
Suppose that you have the following sample: {3,4,4,6,8} estimate the mean and standard deviation.
write 400-600 words that respond to the following questions with your thoughts ideas and comments. this will be the
If you hold shares in a corporation and management decides to plow back the company's earnings some year instead of paying dividends, what are the advantages and disadvantages to you
discuss legal liability in terms of governance in long-term care settings. what agencies have oversight authority?
determine the possible circumstances under which the company should discontinue operations. suggest key actions that
a university spent 1.8 million to install solar panels atop a parking garage. these panels will have a capacity of 500
. in the keynesian cross assume that the consumption function is given byc2000.75y-tplanned investment is 100
reserve requirement for banks is set at 5. your firm withdraws 42000 on its line of credit at the security bank to
A firm uses two plants (A and B) to produce the product. The plant's marginal cost functions are given by the following equations:
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd