Illustrate what is the price elasticity at the average value

Assignment Help Business Economics

Reference no: EM1357203

The demand equation is estimated to be 50 - 3P + 2Po , where Po is the price of some other good. Assume the average value of P is $ 3 and the average value of Po is $ 6.

a. what is the price elasticity at the average values of P and Po?

Reference no: EM1357203

Questions Cloud

What is the ratio of the man kinetic energy : Two identical +9.5uC point charges are initially 3.5cm from each other. If they are released at the same instant from rest, hoe fast will each be moving when they are very far away from each other? suppose they have identical masse of 1mg.

Devs autoparts company-journal entries : On August 31, 2008, Devs Autoparts Company sold $8,000 worth of parts to Metro Repair Company. The terms of the sale were n/90. Devs receivable policy is to start charging interest of 9% (annually) on all balances over 90 days. Interest is accrued..

Non-monetary incentives in relieving stress : How effective are non-monetary incentives in relieving stress?

Define teaching job filed a lawsuit challenging the legality : Explain a white employee who wasn't hired for a teaching job filed a lawsuit challenging the legality of the affirmative action plan

Illustrate what is the price elasticity at the average value : Assume the average value of P is $ 3 and the average value of Po is $ 6. Illustrate what is the price elasticity at the average values of P and Po.

What is the time interval it took to hit the box : The leg and cast weigh 200 N, with the center of mass as indicated by the blue arrow. The counterbalance w1 weighs 110 N. find out the weight w2 and the angle α needed so that no force is exerted on the hip joint by the leg plus cast.

Explain about relational leadership : Based on research from literature, what strategies do effective leaders use to build relationships? How do these strategies impact an organization's success?

Compare the market capitalization to revenue ratio : American Airlines had a market capitalization of $2.3 billion, debt of $14.3 billion, and cash of $3.1 billion. American Airlines had revenues of $18.9 billion.

Explain why is economics to an understanding of the problem : Explain why is economics to an understanding of the problem of development. Why is an understanding of development crucial to policy formulation in developing nations.

User Account

All Pages