At what price the price elasticity of demand equal to zero

Assignment Help Microeconomics
Reference no: EM131443757

Question: Suppose the demand for the IBM personal computer is: Qd= 2400 - 4p

(a) At what price is the price elasticity of demand equal to zero?

Reference no: EM131443757

Questions Cloud

Construct the production possibilities frontier : Suppose the following production possibility table represents the province of Quebec. a. Construct the production possibilities frontier for cheese and tractors. b. Does this production possibilities frontier illustrate the law of increasing opportun..
Creating a project management plan : Since the company is very new to the business arena, it needs help in creating a project management plan for developing its own website.  The major tasks for the development have been identified but you need to create the timeline.
He owns a priceless van gogh painting : Jimmy, an art dealer and merchant, is running out of funds. Luckily, he owns a priceless Van Gogh painting. He writes his friend Tommy. The letter says "Tommy you remember that Van Gogh painting you were interested in buying?
Project-time management using excel : You have been hired as a business analyst by a new start-up company called Multi-Media.  Multi-Media is an interactive agency that constructs phased and affordable website marketing, providing its clients with real and measurable solutions that ar..
At what price the price elasticity of demand equal to zero : Suppose the demand for the IBM personal computer is: Qd= 2400 - 4p (a) At what price is the price elasticity of demand equal to zero?
Equity in the computation of jackit wacc : If the common shares are selling for $28.00 per share, the preferred share are selling for $13.50 per share, and the bonds are selling for 98.00 percent of par, what would be the weight used for equity in the computation of JackIT's WACC?
Differentiate microeconomics or macroeconomics : Question: Would the following topics be covered in microeconomics or macroeconomics? a. the effects of an increase in the supply of lumber on the home-building industry b. changes in the national unemployment rate c. the effect of interest rates on t..
Does nia have a prima facae case : Does Nia have a prima facae case? Be sure you identify each of the three parts of the test and identify whether Nia meets the test and how.
What is the return shareholders are expecting : Expected Return Circuit City Stores (CC) recently paid a $.28 dividend. The dividend is expected to grow at a 24.20 percent rate. At the current stock price of $9.16, what is the return shareholders are expecting?

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain about genetic algorithms

Machine learning is a method used to give a computer ability to learn using a specific software without necessarily programmed - Genetic algorithms are mostly inspired by the way evolution works.

  Prepare a paperabout balsa glider project

Prepare a paperabout Balsa Glider Project. The Glider Information section should include your research into gliding in general and balsa wood gliders in particular.

  What is equilibrating forces

What is equilibrating forces as it relates to unintended consequences?

  What is the total change in bank of america

What is the total change in Bank of America's assets and liabilities

  Calculate income elasticity of demand-intercity rail travel

Assume you had the following observations on U.S. intercity rail travel: Between 1990 and 1993 rail travel increased from 17.5 passenger miles per person to 19 passenger miles per person.

  Generate a graph to show the optimal quantity

Generate a graph to show the optimal quantity that will be produced by each competitive firm, and the resulting profit. This graph will include 4 curves to show.

  Describe the trade creation or trade diversion

Suppose that upon entering the European Union (EU), it is discovered that the cost of automobile production in Poland is €14,000 while it is €20,000 in Germany. Suppose that the EU, which has a customs union, has an X percent tariff on automobiles..

  Calculating output, price and total revenue

Ageless Corporation has a patent for a new promising age defying moisturizer cream. The yearly demand, marginal revenue, and marginal cost functions for this cream is given:

  Demand curve is the producers average revenue

Give a numerical example to show that a monopolist's marinal revenue can be upward-slping over prt of its range

  Why cost structure associate with many kinds of information

Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms.

  What is the unemployment rate

During the business cycle, the period between the point at which output reaches a high and the point at which it reaches a low is called

  The number of rose plants

Clarissa's utility function is U(r, z) = z + 120r - r^2, where r is the number of rose plants she has in her garden and z is the number of zinnias. She has 250 square feet to allocate to roses and zinnias. Roses each take up 4 square feet and zinnias..

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