What is the point elasticity

Assignment Help Microeconomics
Reference no: EM131013637

If P=100 - 2Q, and P=80, what is the point elasticity?

You sell bracelets online. The demand for these bracelets is:P=120 - 2Q

The bracelets cost $2 each to produce. If you choose to sell a bracelet, you cannot sell a necklace, which has averaged $6 in profit.

At what price should you sell the bracelets?

Reference no: EM131013637

Questions Cloud

Calculate the sales for december : Calculate the cash collections from sales for each month from January through March. (Do not round intermediate calculations and round your final answers to 2 decimal places (e.g., 32.16).)
Charged when a financial transaction occurs : The fee that is charged when a financial transaction occurs, such as selling a house or making an investment. For example, the transaction fee for purchasing or selling stock consists of the money that must be paid to the stockbroker who actually pur..
What are the different kinds of magnetic materials : State the relationship between magnetization current density and magnetic flux density. How is it taken into account in Maxwell's equations? What is the revised definition of H?
How might movie witness be related to american literature : How might the movie Witness be related to American Literature? Conjecture is fine--there is no right answer
What is the point elasticity : If P=100 - 2Q, and P=80, what is the point elasticity?You sell bracelets online. The demand for these bracelets is:P=120 - 2Q
Savings account at the end of each year : Parents deposit $5,000 into a savings account at the end of each year for 22 years to help their child pay for college. The savings account pays 6% interest per year, compounded monthly. The child withdrawals an equal sum twice per year while in coll..
Installation of an automatic telephone switchboard : The management of a private hospital is considering the installation of an automatic telephone switchboard, which would replace a manual switchboard and eliminate the attendant operator's position. The class of service provided by the new equipment i..
Briefly describe the phenomenon of magnetization : State the relationship between polarization current density and electric field intensity. How is it taken into account in Maxwell's equations? What is the revised definition of D?
Implement the comparison operations : This is first part of a two-part project in which you will build a simple, but complete computer in Logisim. For this part, you will build three components that will be key parts of the overall computer design.

Reviews

Write a Review

Microeconomics Questions & Answers

  Economic theory used to complete the policy solution

Briefly describe the economic problem you have selected - Assess the impact the problem poses to society and design an economic policy solution to the problem.

  Factors in michael porter five forces model

What are the major reasons a multinational corporation would engage in Foreign Direct Investment (FDI)? Explain the factors in Michael Porter's "Five Forces Model" which affect the capability of any firm in an industry to earn the profit.

  A grocery store needs to sell 3000 cartons of 2l 2 milk per

a grocery store needs to sell 3000 cartons of 2l 2 milk per month. the sales is relativiely constant throughout the

  What cultural differences do you need to be sensitive

What cultural differences do you need to be sensitive to in the process?

  Now suppose that government imposes price ceiling of 100

a doctoral student has just completed a study for her dissertation and found the following demand and supply

  Size of the intact forest habitat on landowners property

The owner of a tropical forest harvests timber so as to maximize his own profit from the land. This forested land also provides habitat for wild beehives that pollinate the crops of surrounding farmers.

  The macroeconomy is money

A friend of yours expresses the opinion that the only resource that is important in the macroeconomy is money.  He says, "The more money an economy has, the richer it is."  How would you respond?

  Explain the idea of importing and profile its elements

Explain the idea of importing and profile its elements and evaluate the relative benefits and drawbacks of the export and import of e-waste.

  Assume guillen co a company producing baseballs has

suppose guillen co. a company producing baseballs has monopsony power. assume you are given the following information

  What is the total amount of output the firm

What is the TOTAL amount of output the firm should produce and approximately how much output should the firm allocate to market 1?

  Should laptop producers be happy or sad about technological

Ipads and laptops are substitutes. Use a supply and demand to show what happens to price, quantity, consumer surplus, and producer surplus in the market for laptops (after a technological advance has reduced the cost of making Ipads).

  Find out which kind of cache memory is the most

the type of cache memory i.e. level 1 level 2 or another type that resides on a computer that you own or on a

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