Is this consistent with the inverse elasticity rule

Assignment Help Basic Computer Science
Reference no: EM131507785

A firm produces high quality light bulbs for sale in two countries. The cost function for total bulb production is TC = 0.25q^2. The light bulbs are demanded in country X, where demand is given as q=100-p and in country Z where the demand is given as q= 120-2p. How many bulbs will this firm sell in each location and what price will it charge? Is this consistent with the inverse elasticity rule? Explain.

Reference no: EM131507785

Questions Cloud

Infulence potential gains from trade : How real-world factors (trande restrictions, domestic subsiies, transaction costs, externalities) infulence potential gains from trade?
Review the sales revenue for the small hotel : A small hotel provided you with the following information for a three month period showing, at each month-end, the length of time its accounts receivable.
Evaluate the infrastructure of the target countries : Evaluate the infrastructure of the target countries, and explain the ability of the country to distribute, promote, and properly price the EduTots products.
Explain the flow of energy through an ecosystem : Explain the flow of energy through an ecosystem using the laws of thermodynamics, food webs, food chains, and eco-pyramids
Is this consistent with the inverse elasticity rule : How many bulbs will this firm sell in each location and what price will it charge? Is this consistent with the inverse elasticity rule? Explain.
Explain your rationale for selecting a cadet : You are Director of police cadet recruitment and training. What criteria would you look for in a police recruit. Explain your rationale for selecting a cadet.
Why is the leasing company losing money : Question: Why is the leasing company losing money, and how do we fix it?
Give examples of four actionable goals for your business : Give examples of four (4) actionable goals for your business as you embark on your mission to import shoes into your chosen country.
Advantage of the power of the multiplier : Government can take advantage of the power of the multiplier and help reduce the unemployment rate by increasing Government Expenditures on goods and services.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  Identifies the cost of computer

identifies the cost of computer components to configure a computer system (including all peripheral devices where needed) for use in one of the following four situations:

  Input devices

Compare how the gestures data is generated and represented for interpretation in each of the following input devices. In your comparison, consider the data formats (radio waves, electrical signal, sound, etc.), device drivers, operating systems suppo..

  Cores on computer systems

Assignment : Cores on Computer Systems:  Differentiate between multiprocessor systems and many-core systems in terms of power efficiency, cost benefit analysis, instructions processing efficiency, and packaging form factors.

  Prepare an annual budget in an excel spreadsheet

Prepare working solutions in Excel that will manage the annual budget

  Write a research paper in relation to a software design

Research paper in relation to a Software Design related topic

  Describe the forest, domain, ou, and trust configuration

Describe the forest, domain, OU, and trust configuration for Bluesky. Include a chart or diagram of the current configuration. Currently Bluesky has a single domain and default OU structure.

  Construct a truth table for the boolean expression

Construct a truth table for the Boolean expressions ABC + A'B'C' ABC + AB'C' + A'B'C' A(BC' + B'C)

  Evaluate the cost of materials

Evaluate the cost of materials

  The marie simulator

Depending on how comfortable you are with using the MARIE simulator after reading

  What is the main advantage of using master pages

What is the main advantage of using master pages. Explain the purpose and advantage of using styles.

  Describe the three fundamental models of distributed systems

Explain the two approaches to packet delivery by the network layer in Distributed Systems. Describe the three fundamental models of Distributed Systems

  Distinguish between caching and buffering

Distinguish between caching and buffering The failure model defines the ways in which failure may occur in order to provide an understanding of the effects of failure. Give one type of failure with a brief description of the failure

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