The demand for voice calls has a price-elasticity

Assignment Help Microeconomics
Reference no: EM13299239

At an Asian mobile service provider, the demand for voice calls has a price-elasticity of demand (PED) of -0.085 (or if we take the absolute value, PED = 0.085) and cross-price elasticity (CED) with respect to the price of short message service (SMS) of -0.078. The demand for SMS has a PED of -0.03 (or in absolute value, PED = 0.03) and CED with respect to the price of voice calls of -0.003.

Reference no: EM13299239

Questions Cloud

Prepare a make or buy analysis : Prepare a make or buy analysis showing the annual advantage or disadvantage of accepting an outside supplier's offer.
What is the net cash used in investing activities : Also, the firm had a net inflow of $ 300,000 from the sale of assets. What is the net cash used in investing activities?
Find discharge flowing over a rectangular sharp crested wire : Find the discharge flowing over a rectangular sharp crested wire, in GPM, which has a width of 9.9 feet and a discharge coefficient of 3.24, if the head above the crest is 1.74 feet.
How much did jake accountant allocate for depreciation : How much did Jake's accountant allocate for depreciation and amortization?
The demand for voice calls has a price-elasticity : At an Asian mobile service provider, the demand for voice calls has a price-elasticity of demand (PED) of -0.085 (or if we take the absolute value, PED = 0.085) and cross-price elasticity (CED) with respect to the price of short message service
Evaluate models and concepts affecting pricing decisions : Task one Critically evaluate the models and concepts affecting the pricing decisions taken by organisations, critically reflecting upon their usefulness
Detremine the cfat in year 0 for the challenger and defender : The defender had a first cost of $300,000, but its market value now is only $100,000. It has chargeable expenses of $120,000 per year and no expected salvage value. To simplify calculations, assume that SL depreciation was charged at $60,000 per y..
Compute the weighted average cost of capital : Option b: a new machine that would yield a 15% return but would cost 17% to finance through common equity.
The matrix of total costs per day for jobs : The matrix of total costs per day for jobs 1, 2, and 3—if assigned at facilities A, B, and C of the Rivet and Nail Factory

Reviews

Write a Review

Microeconomics Questions & Answers

  Determinants of price elasticity of demand

Do you think the demand for mangoes is price elastic or price inelastic? Explain your answer based on the determinants of price elasticity of demand.

  Impact of globalization on firms cost structure and markets

Choose a United States based company with global operations. Discuss and explain the impact of globalization on the company's cost structure, markets, currency risk, and overall strategy.

  What is the expected value of the five employees you hire

You need to hire some new employees to staff your start-up venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee Value Probability.What is the expected ..

  What are the short- and long-term economic benefits

What are the short- and long-term economic benefits and costs associated with our current high federal  government budget deficits Do you think the economic benefits outweigh the economic costs, or not Why If we wished to reduce the budget deficit t..

  Immigration on the economy

Someone claim that immigration must always be good for economy because the raised supply of labor will result in a higher GDP. Estimate this statement.

  How would t- balance sheet look like for bank

How the Balance Sheet for Bank Z would look like after it loans out its Money to Mr. Chansa and suppose Mr. Chansa Deposit his Money into Bank-B, How would the T- Balance sheet look like for Bank- B

  Information on monopolistically competitive

Which of following industries would you classify as an oligopoly? Which would you classify as monopolistically competitive? Explain your answer.

  Differentiate what is fair and what is ethical

Reflect upon the ethical requirements imposed on businesses by the law and society. Sarbanes Oxley was enacted in response to widespread ethics violations. Do publicly traded companies owe ethical duties to their investors beyond making a profit

  Compute florences mrs of money for food

Compute Florence's MRS of all other goods for travel. (In other words, compute her MRS with travel on the horizontal axis.

  What is the distinction between gnp and gdp

1) Does the goal of full employment imply zero unemployment? If not, what types of unemployment would you expect to be present if the economy is at full employment 2) Why is price stability an economic goal What are the problems associated with ra..

  Oligopolies have a negative impact on income distribution

"Oligopolies have a negative impact on income distribution." Do you agree or disagree? Provide justification for our response.

  Calculate the current level of (equilibrium) gdp

)Now suppose that some of President's close political advisers are urging him to adjust taxes but not spending. Assuming the same initial level of G (=500), how would you advise the administration to adjust taxes to reach potential GDP?

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