User Account

All Pages

How many popsicles will be sold each day in the short run if

Assignment Help Macroeconomics
Reference no: EM13338244

At a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1.0). So how many popsicles will be sold each day in the short run if the price rises to $2 each?

Reference no: EM13338244

Questions Cloud

Should current decisions be based on accounting cost : Suppose a firm produces bicycles. Will the firm's accounting statement reflecte the opportunity cost of the bicycles ? Why or why not? What cost would an accounting statement revela? Should current decisions be based on accounting cost? Explain.
How many units should each plant produce to maximize profit : A perfectly competitive firm faces a market price of $10 for its output X. It own two plants, A and B whose total costs are
Is this consumer maximizing his utility : A consumer is currently purchasing three pairs of jeans and five T-shirts per year. The price of jeans is $30, and T-shirts cost $10. At the current rate of consumption, the marginal utility of jeans is 60, and the marginal utility of T-shirts is 30...
What total surplus will result from a transaction between : Consider a seller who values a car at $9,500 and a buyer who values the same care at $10,000. What total surplus will result from a transaction between the two when the seller is faced with the follow sales tax rates: 0%, 2%, 4%, 6%, and 8%?
How many popsicles will be sold each day in the short run if : At a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1.0). So how many popsicles will be sold each day i..
Explain the relationship between gross national product : A Define each of the following: 1 Gross Domestic Product at Market Prices. 2 Gross National Product at Market Prices. 3 Gross National Product at Factor Cost. 4 National Income.
How man units with be demanded between : Demand function: qd=5,000-50p, where qd is quantity demanded and p is price per unit.
Explain why canada should or should not take a leadership : Explain why Canada should or should not take a leadership role in environmental practices and Fair Trade policies. This must be from a business perspective
What is the dollar value of the total surplus : What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level is being produced?

Reviews

Write a Review

 

Macroeconomics Questions & Answers

  How much would a worker without degree be paid

Suppose 10% of all workers are of high ability. If a firm knows a worker's ability, workers of low ability are paid $20,000 and workers of high ability are paid $30,000. Obtaining a university degree can signal high ability, and the cost of degr..

  Derive the formulas for purchasing power parity

Suppose that the return on domestic bonds held by foreigners in country i are subsidized at the rate s and that returns on domestic bonds held by residents of country j are taxed at the rate. Write down the interest parity condition

  Determine marginal product of magnesium a variable factor

General Electric discovered that the marginal product of magnesium a variable factor in manufacturing of light bulbs will lead to the eventual decline in output as the use of the magnesium is increased. This illustrates what economic theory

  How will produce an in efficient large number of departments

The college of business each of these in turn has a dean who is responsible for faculty departments such as economics and finance. Why is an M-form more likely than a U-form to be an efficient way of organizing a university and to organize the sch..

  Suppose the following output and labor hours

Suppose the following output and labor hours for Russia and Germany in producing Wheat and Cloths.

  What is the representation of public saving

In the national income accounting identity showing the equality between national saving and investment, what is the representation of private saving and what is the representation of public saving?

  Define utility function

the government has recent completed a study suggesting that fora health diet every consumer like chrissy a cash subsidy that would induce her to buy F=8. how large would the cash subsidy need to be? show her optimal basket iwth the cas subside on ..

  Illustrate can be said concerning ecommerce

Illustrate can be said concerning eCommerce (such as Amazon and other online stores) and individual behavior vs traditional storefront retail and individual behavior.

  Event article relates to government regulations

Maker an article or current event article which relates to government regulations or antitrust activities.

  Consider a perpetuity that has a coupon of $100 per year

Suppose that the interest rate is 5%. Which of the following statements are true and which are false?

  Explain the long-run aggregate supply curve

A decrease in government spending will cause a(n) increase in the quantity of real domestic output demanded. decrease in the quantity of real domestic output demanded. decrease in aggregate demand. increase in aggregate demand.

  Discuss the modern theory of aggregate supply and aggregate

Discuss the modern theory of aggregate supply and aggregate demand that incorporates a price variable into Keynesian analysis.

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