Illustrate equations for total income also marginal income

Assignment Help Macroeconomics

Reference no: EM1327702

Demand curve, revenue and elasticity

Demand curve product X is given as Q= 2000 - 20P.

a. how many units will be sold at price $ 10

B. at what price would 2000 units be sold? o units? 1500?.

c. write equations for total revenue and marginal revenue (interm of Q).

d. what will be the total revenue at price of $ 70? what will be marginal revenue?

e. what is the point elasticity at price odf $ 70?

Reference no: EM1327702

Questions Cloud

Present and future values with varying interest rates : If the interest rate this year is 7.2% and the interest rate next year will be 9.2%, what is future value of $1 after 2 years? What is present value of a payment of $1 to be received in 2 years?

Explain project management in the business world : Project management in the business world - describe project management and explain its importance to the business world and describe project life-cycle management and the benefits of project management to an organization.

Compare between a trend-moving and centered-moving average : Compare between a trend-moving average and a centered-moving average.

Disparate discrimination and title vii : Explains how disparate impact discrimination and disparate treatment discrimination occurs under Title VII, as well as the implications of these acts.

Illustrate equations for total income also marginal income : Illustrate equations for total income also marginal income (interm of Q). what will be the total revenue at price of $ 70? what will be marginal revenue.

Executive summary of future trends : Make a executive summary in which you recognize and discuss three to five evolving trends which influence innovation.

Explain gap inc is a brand-builder : Explain Gap Inc is a brand-builder and Review the strengths, weakness, opportunities and threats

Implement a successful behavioral change : Implement a Successful Behavioral Change - what are the keys to implementing successful behavioral change

Write down a concise summary : Write down a concise summary of what you have learned about physical tamper-resistant devices.

User Account

All Pages