User Account

All Pages

What is income elasticity for donuts

Assignment Help Business Economics
Reference no: EM133065936

Calculate for the price elasticity show solution

When ping pong balls cost $1 each, Alice is willing to buy 10 balls, and Joe is willing to buy 10 balls. When they cost $1.50 each, Alice is willing to buy 6 balls, and Joe is willing to buy 4. Solve for Alice's and Joe's elasticity:

Dindo is earning Php48.00 gets rise of 2.50. One thing he spends money on is donut. Usually he buys 120 per month but after the raise he buys 150. What is his income elasticity for donuts?

Reference no: EM133065936

Questions Cloud

How much ordinary income did mike recognize : How much ordinary income did Mike recognize when he sold the shares acquired from the ISO grant on December 31st of this year
Measure dina and conrad''s effort in team setting : The two workers have weaker incentives when placed on a team unless Conrad is con?dent that Dina will put forth a certain level of effort and vice versa
Discuss disadvantages of bankcorp current decentralised : Discuss three (3) disadvantages of Bankcorp's current decentralised structure. Support each disadvantage with a specific example from Bankcorp's situation
Professional development and personal : 1. Identify how you would use the skills attained in this course as part of your professional development and personal growth.
What is income elasticity for donuts : When ping pong balls cost $1 each, Alice is willing to buy 10 balls, and Joe is willing to buy 10 balls. When they cost $1.50 each, Alice is willing to buy 6 ba
What is the standard deviation of the rate of return : A business venture has a 74% chance of 2x your investment (100% increase) in one year. What is the standard deviation of the rate of return
Determine the break-even annual om costs : A small manufacturing firm is considering purchasing a new boring machine to modernize one of its production lines. Two types of boring machine are available on
Compute the lease payment as determined by the lessor : The asset is new at the inception of the lease term and is worth $600,000. Compute the lease payment as determined by the lessor
Explain the market demand elasticity : Consider a cartel consisting of N identical firms in an industry.

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate equilibrium price and equilibrium quantity for cd

Price will increase; quantity cannot be determined. (Assume CD players are normal goods.) Which of following will happen to equilibrium price and equilibrium quantity for CD players

  Describe the inefficiency uber exploited

Analyze the market before Uber's entry. Describe the inefficiency Uber exploited. Explain Uber's surge pricing in the context of shifts in supply and demand.

  Describe why some long-run average cost curves are steeper

Describe why some long-run average cost curves are steeper on the downward side than others.

  Main sources of finance in the us and germany

Explain the main sources of finance in the US and Germany by critically analysing two differences in the cultures of these countries

  Mortgage to finance the purchase of a large tract of land

You have just arranged for a $1,780,000 mortgage to finance the purchase of a large tract of land. The mortgage has an APR of 8 percent, and it calls for monthly payments over the next 22 years. However, the loan has an eight-year balloon payment, me..

  Determine the mean of the sampling distribution p hat

According to a survey in a country 34% of adults do not own a credit card. suppose a simple random sample of 900 adults is obtained.

  Unbiased estimators and their corresponding parameters

List two unbiased estimators and their corresponding parameters. (Select all that apply.)

  Explain the types of incentives for providers

Explain the types of incentives for providers for efficiency in the delivery of healthcare services.

  Demand and supply analysis

Using demand and supply analysis, explain the impact of the change in commodity price on the market for iron ore mine workers.

  Average cost is equal to marginal cost level of output

For commodity X, average cost is equal to marginal cost at every level of output. Assuming that the market for X is competitive and the demand curve is linear analyze the effects when a unit tax of u dollars is imposed. Now analyze the effects of the..

  Bachelor degree holders earn

Research done in the United States, based on U.S. Census data, finds that-during an adult's working life-high school graduates earn an average of $1.2 million

  Share of stock paying a dividend

How much would you pay for a share of stock paying a dividend ?(cash payout ?C) of ?$4 to be paid in one? year, a known selling price in one year ?(?P) of ?$50?, and expected return ?(R) of similar assets of 2?%? Compute the price of a share of stock..

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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