Point elasticity, economics, Microeconomics

Point elasticity: It refers to measurement of elasticity on a point On a demand curve. Point elasticity helps in measuring elasticity where change in price and quantity is infinitesimally small. As marginal analysis works by evaluating small changes taken with respect to an initial decision, it is often useful to measure elasticity w.r.t. infinitesimally small changes in price.
Posted Date: 2/8/2012 2:53:03 AM | Location : United States







Related Discussions:- Point elasticity, economics, Assignment Help, Ask Question on Point elasticity, economics, Get Answer, Expert's Help, Point elasticity, economics Discussions

Write discussion on Point elasticity, economics
Your posts are moderated
Related Questions
explain the theory of consumer behavior from the utility perspective

Question 1: "The rush of new and existing enterprises to exploit the opportunities presented by the internet economy is giving rise to new business models". Discuss. Ques

What is meant by non Price Competition? In which market structure does it exist?  None price competition is an effort put by the supplier to earn extra profit without enhancing

1. Refer to the data in the file "asm2Q1.xls" on the annual number of fatalities (FATALS, y ) from gas and dust explosion in coal mines for the years 1915 to 1978 and the number o

Problem 1 : (a) What are the main assumptions behind the macroeconomic theory of New Classical Economists? (b) Describe the Lucas Supply function and explain its policy imp

Define the price ceiling A price ceiling is a highest price that sellers can charge for a product.

why society has chosen the mixed economy

Cost in the Short Run Marginal Cost (or MC) is the cost of expanding output by one unit.  As fixed costs have no impact on marginal cost, it can be given as: Average Total

KEYNES' THEORY AND EXPECTATIONS : Expectations played a major role in Keynes' theory of the determination of aggregate output and employment in market economies in the short run

Define Average Total Cost and Average Variable Cost Average Total Cost:    The amount spent on producing every unit of output. The average cost is calculated by dividing the t