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!
The demand curve is: QD = 10,000 - 10P.a. Calculate the (point) price elasticity of demand when price is $100. Is demand elastic or inelastic? How do you know whether demand is elastic or inelastic? What is total revenue at this price?
b. Calculate the (point) price elasticity of demand when price is $500. Is demand elastic or inelastic? How do you know whether demand is elastic or inelastic? What is total revenue at this price?
c. What is the price at which point elasticity is "unit elastic"? What is total revenue at this price?
d. What is the maximum revenue for this demand curve?
(Correct work must be shown that agrees with your answers in order to receive credit. Please show the work and answer to each part separately. If no quantitative work is necessary to answer a question, you may offer a full conceptual explanation that agrees with your answer in lieu of quantitative work.)
Illustrate what are the major macroeconomic goals of all societies.
Is it ethical for a government to act in ways that “socialize” financial risks or losses? Is it ethical to do so while privatizing gains/profits? Or to do so in ways that favor wealthier citizens while imposing risks on less wealthy taxpayers (or vic..
Assume Congress decides that oil companies are making too much profit and decides to tax oil companies for each gallon of gasoline produced. This would Answer shift the average fixed cost curve down. shift the marginal cost curve up.
What is te equilibrium? At what price is there neither a shortage nor a surplus? fill in the surplus-shortage column and use it to confirm your answers.
1- explain how a policy mix like the one used in the 1990s could help reduce c eliminatethe budget deficit without
If you need a rate of return. Illustrate what is the highest price I should be willing to pay for this stock.
Suppose that the officials in Ecoland have compiled the following data about their economy for last year:
The Federal Reserve System [Fed] has a huge measure of political independence. The Board of Governors, appointed through the United States president and confirms by the United States Senate, serve fourteen year terms.
Is interest free economics a continuation of interest bearing economics or is it a genuine alternative.
Critically discuss that there is no satisfying theory that explains the behavior of firms in oligopoly markets. Which theories should I include in the analysis and give some examples relevant to these theories?
Elucidate why population growth has such a negative impact on economic growth in the Malthusian and Neoclassical growth models.
Assume that initially equilibrium was 200 units and that this was also full employment level of income
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