Find the price elasticity of supply

Assignment Help Macroeconomics
Reference no: EM131480729

Question: At a price of $200, a cellphone company manufactures 300,000 units. At a price of $150, the company produces 200,000 phones. What is the price elasticity of supply?

Reference no: EM131480729

Questions Cloud

Properly identify all primary : Properly Identify all Primary (Use Solid Underlines) and Foreign Keys (Use Dotted Underlines)
How is braudel more than just some guy describing stuff : How is Braudel more than just some guy describing stuff that happened? What is it about the method that makes the book.
Chief information security officer : The chief information security officer (CISO) wants to move the webserver from the public network because it has been breached a number of times.
Structured strategic evaluation of an organisation : Complete a detailed, structured strategic evaluation of an organisation and consider how well the organisation's current strategic plans and commitments threats
Find the price elasticity of supply : At a price of $200, a cellphone company manufactures 300,000 units. At a price of $150, the company produces 200,000 phones. What is the price elasticity?
Network administrator for a small manufacturing company : Imagine that you work as a network administrator for a small manufacturing company.
Soteriological inclusivism : Provide at least two concrete examples from either the modern world or from your knowledge of past history that illustrate Firth and Smith's points.
Are price gouging laws an example of a price floor : Does a binding price ceiling cause a shortage or a surplus? Provide an example to support your answer.
Assign the appropriate privileges : Which of the following would be the BEST method to assign the appropriate privileges?

Reviews

Write a Review

Macroeconomics Questions & Answers

  How did the recession affect us trade relations

What monetary policies and fiscal policies were implemented during the recession? How did the recession affect U.S. trade relations and the U.S. dollar exchange rate?

  Calculate the net purchases of company

The rate of stockturn for Company T in the year 2006 was 12.5. At the start of that year the company held stock to the value of $327,950, and at the end of that year the value of stock held was $300,450. Calculate the net purchases of Company T fo..

  Positive accounting profits

Suppose that Jamie's estimated selling price is lower than originally projected during the first year. How much revenue would she need in order to earn positive accounting profits? positive economic profit?

  What is the change in the real rate of interest

What is the growth rate of real GDP - what is the change in the real rate of interest and nominal rate of interest?

  Complete separate search on historical us unemployment rates

Complete a separate search on historical U.S. unemployment rates for the past 40 years. Does the relationship persist throughout the 40-year period or are there times when there are exceptions?

  Connection between budgets and performance evaluation

Often times their is some connection between budgets and performance evaluation. The budget tends to set a benchmark for expectations. Many compensation schemes tie some type of bonus to reaching and exceeding this benchmark. This linkage results ..

  What is the firms cost minimizing combination

a)A cost minimizing firm's production is given by Q=L^(1/2)K^(1/2). Suppose the desired output is Q=10. Let w=12 and r=4. What is the firms cost minimizing combination of K and L? What is the total cost of producing output? b) Suppose the firm wis..

  Annual growth rate over the next

If China's economy maintains a 7% annual growth rate over thenext 20 years, about how large will its economy be in 20 years ifits current GDP is $12 trillion?

  What is the slope of the isocost line

Describe the degree of substitutability between holidays in Australia and holidays overseas and draw an indifference curve that illustrates your description.

  Marginal external costs and market efficiency

How many cases of peaches will be produced per week during the growing season, and what will the selling price per case be if producers ignore the marginal external costs imposed on others?

  Explain how should she reallocate her expenditures

Explain how should she reallocate her expenditures among the two goods.

  Venture capital funding

Determine what are some of the sources companies can turn to for venture capital funding?

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd