What is the price elasticity of demand

Assignment Help Econometrics
Reference no: EM131132130

The demand curve for the new computer game, Rock and Roll Trivia, is given as follows

Q= 200 - 5P - .1Pc - .5Pd + .2A -I

where:

P is the price of the game

Pc is the price of a computer

Pd is the price of a diskette

A is the level of advertising

Q is the level of income

Suppose P=10, Pc=100, Pd=2, A=5 and I=50. What is the price elasticity of demand?

Reference no: EM131132130

Questions Cloud

Outline and organize list of macro-economic-cultural : Select one of the BRIC countries. Outline and organize a list of macro-economic, cultural, financial and political variables you would need to check before considering a foreign investment in such a country. Limit your list to approximately 20 variab..
Case study analysis the enrique camarena case : Read "The Enrique Camarena Case - A Forensic Nightmare."-Catalog the forensic evidence found in the Camarena Case.- Summarize the steps followed by the crime scene investigators.
Why the first emperors tomb featured infantry troops : Why the First Emperor's tomb featured infantry troops, while the tombs of Zhou lords featured chariots? The changing nature of warfare from Zhou to the Warring States period (from aristocratic warriors with chariots to infantry) and its relationsh..
Summarize the competencies required of the ceo position : Explain whether the competencies of two of the last five CEOs aligned with the core competencies of the position. Include information about their previous position and/or previous company.
What is the price elasticity of demand : The demand curve for the new computer game, Rock and Roll Trivia, is given as follows Q= 200 - 5P - .1Pc - .5Pd + .2A -I, What is the price elasticity of demand
Rise of political authority for the first time in chinese : Which of the following domesticate animals was brought in through trans-Eurasian interaction - the social structure of the Yangshao society can be characterized
Introduction to public safety administration : After taking this class ( Introduction to Public Safety Administration), explain how you intend to use the knowledge gained in your current for future position(s). Explain what you can do or plan to do to change or improve the organization you curren..
Evaluate performance review implementation options : Evaluate performance review implementation options. ?In your chosen organization, which would be more effective to implement-a multirater system or a one-supervisor rating system?
Lean production uses pull system : Lean production uses a “pull” system. Differentiate between “push” and “pull” systems of production, and show the benefits of using the “pull” system instead of the “push” system.

Reviews

Write a Review

 

Econometrics Questions & Answers

  Calculate amount of monthly lease payment penelope make

Penelope wants to buy a car that is worth $43,195 by making a $4300 down payment and arranging a four-year lease that calls for monthly payments in advance, interest of 2.91 percent compounded monthly, and a buyout payment of $20,000

  What is the maximum amount of ham the residents can consume

If the town has a total of 100 people, what is the maximum amount of ham the residents can consume in a month?

  How much consumer surplus would obtain with each provider

A friend of yours is considering two cell phone service providers. Provider A charges $120 per month for the service regardless of the number of phone calls made. Provider B doe not have a fixed service fee but instead charges $1

  What price would elasticity take to fill all the seats

assuming elasticity is linear and a plan flight holds 310 seats a load factor of 70 mean 70% of the seats are filled. a load factor of 72 means 72% of the seats are filled. what price would it take to fill all the seats.

  Find the unemployment rate for april may june and july

In April an adverse productivity shock raises the job loss rate to 3% of those employed. The job loss rate returns to 1% in May, while the job finding rate remains unchanged at 19% throughout. Find the unemployment rate for April, May, June, and J..

  What will be the price in equilibrium as a function of a

Assume there is one insurance plan. Consumers decide whether to enroll in this insurance plan or remain uninsured. Consumers are heterogeneous in how much they value insurance and how costly they are to insure.

  Calculate the total gains-surplus in the economy

The market for semiskilled labor can be represented by the following supply and demand curves: ED = 32000 - 4000w and ES = -8000 + 6000w where E = millions of person hours per year and w = the wage in dollars per hour.

  What amount must charge to break even on the costs

You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $500,000 per month, and you have contractual labor obligations of $1 million per month that you can't get out of.

  How much will be available forever beginning in year

A philanthropist working to set up a permanent endowment wants to deposit money each year, starting now and making 10 more (i.e., 11) deposits, so that money will be available for research related to planetary colonization.

  Which most likely would yield the most predictable evidence

Auditors try to identify predictable relationships when using analytical procedures. Relationships involving transactions from which of the following accounts most likely would yield the most predictable evidence?

  How to use the poisson approximation to the binomial

It is estimated that .44 percent of the callers to the Customer Service department of Dell, Inc. will receive a busy signal. What is the probability that of today's 1,100 callers at least 5 received a busy signal Use the poisson approximation to t..

  What price-quantity combination maximizes the profits

Monopoly manager has the demand and cost functiones as P=200-2Q and C(q)=2000+3Q2 1- calculate the maximum profits 2- what price-quantity combination maximizes the profits 3- at the profit-maximizing price-quantity combination, what is the demand ela..

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