User Account

All Pages

What is the price elasticity of demand

Assignment Help Business Economics
Reference no: EM131918333

Silkwood Enterprises specializes in gardening supplies. The demand for its new brand of fertilizer is given by the equation Q=120-4P . Silkwood is currently charging $10 a pound.

a. What is the price elasticity of demand?

b. At this price, what is the marginal revenue?

Reference no: EM131918333

Questions Cloud

Does thinking about egoism change your mind : One of the things that makes ethical egoism such an attractive theory at first glance is that it seems to describe the way we act anyway.
What is the future value of the same annuity due : If the future value of an ordinary, 6-year annuity is $9,400 and interest rates are 9.5 percent, what's the future value of the same annuity due
Clinical criteria for determining danger : Clinical Criteria for Determining Danger to Self A 45-year-old wife of one of the staff physicians was admitted to the emergency room
Requirements for the formation of a valid contract : Discuss whether the above scenario complies with all the requirements for the formation of a valid contract?
What is the price elasticity of demand : The demand for its new brand of fertilizer is given by the equation Q=120-4P . Silkwood is currently charging $10 a pound.
Calculate lindstrom break-even point in units : Lindstrom Company produces two fountain pen models. Calculate Lindstrom's break-even point in units and in sales revenue
Reflect on what you have learned about teleological frame : Opponents of the decision state that a trust existed between the company and the employees and that a breach of trust will occur due to this decision.
Find the current market price of the bonds : Find the current market price of the bonds if the present yield to maturity is (1) 6 percent; (2) 8 percent; and (3) 12 percent.
What are the four types of pricing challenges : What are the four types of pricing challenges? How does marketing help gain understanding value pricing?

Reviews

Write a Review

Business Economics Questions & Answers

  Comparative advantage in jet aircraft production

Suppose that between i960 and 1980, U.S. steel industry wage rates tripled while general manufacturing wage rates doubled, and that productivity in the steel industry advanced equally with that in all manufacturing. Once the United States acquired a ..

  What does the term bank failure mean

What does the term "bank failure" mean? What role does FDIC insurance play?

  Corrective tax is placed on aircraft passing

Assume that a corrective tax is placed on aircraft passing over a residential area that is located near an airport. Should the proceeds of the corrective tax be used to compensate those who are harmed by the aircraft noise? Explain.

  Discuss a decision made by your chosen company that involve

Discuss a decision made by your chosen company that involved costs that should have been ignored. why did the company include these costs in their decision process.

  Consumers lifetime budget constraint

Suppose now that the government reduces (t) and increases (t') so that the government budget constraint continues to hold. What will be the effects on an individual con-sumer's consumptionin present

  International monetary theory-policy

International Monetary Theory & Policy 1. Provide concise explanations of the following concepts.

  Emerging world region and an emerging region

What is the difference between an emerging world region and an emerging region? Is US-Mexico an emerging region or emerging world region?

  Constitution enabled the federal government regulates

Jen grows corn on her farm and uses it only for her family and to feed her farm animals. Assume the US Department of Agriculture passed an administrative rule that limited the amount of corn that Jen can grow, and set of financial penalty if she exce..

  Which is still less fun than playing video games

Upon graduation, you realize you have three options: you can take a job as a computer programmer, take a job as a coal miner, or remain unemployed and play video games all day. As a coal miner, you would create value of $3,000 per week, and receive d..

  Fyre festival in bankruptcy

A judge has put the company that promoted Fyre Festival in bankruptcy following pressure from disgruntled lenders who hope federal court

  New dodd-frank act to do something to address

Which of these did the new Dodd-Frank act to do something to address:

  Plot production possibilities frontier

Suppose we have the following information about the productivity of two industries in USA and Mexico. The unit labor requirements are given in the following table. Plot production possibilities frontier (PPF) for each country assuming that each count..

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