User Account

All Pages

Calculate the current quantity of good

Assignment Help Business Management
Reference no: EM131433770

Suppose Qxd = 9,500 - 2Px + 3Py - 4.5M , where Px = $100, Py = $50, and  M = $2,000. Calculate the current quantity of good X demanded, then use it and the given information to calculate the own-price elasticity of demand at the current point on the demand curve, which is:

  • 0.44
  • - 0.21
  • - 0.44
  • 0.21
  • - 2

Reference no: EM131433770

Questions Cloud

Consumer optimal consumption bundle : Derive the consumer's optimal consumption bundle. Now suppose the price of good x increases to pr = $3/unit.What is the new optimal consumption bundle? Calculate the substitution effect and the income effect.Illustrate it on a graph.
Determine the equilibrium partial pressure for sulfur : When sulfur dioxide reacts with nitrogen dioxide, a mixture of nitrogen monoxide and sulfur trioxide is formed. Determine the equilibrium partial pressure for sulfur trioxide if the initial partial pressure of each reactant is 0.150 atm and the initi..
Organizations mission and vision statement : We frequently hear of an organization's mission and vision statement, but value statements are not as popularized. Tell me, in your own words, what a value statement is and tell me what your current or previous job's value statement is.
How do you explain the continued existence of countertrade : How do you explain the continued existence of countertrade? Under what scenarios might its use increase still further by the year 2020? Under what scenarios might its use decline
Calculate the current quantity of good : Suppose Qxd = 9,500 - 2Px + 3Py - 4.5M , where Px = $100, Py = $50, and  M = $2,000. Calculate the current quantity of good X demanded, then use it and the given information to calculate the own-price elasticity of demand at the current point on th..
The organization purposes in existence and achievement : The mission statement for an organization should aim to be just 1 sentence long. That one sentence needs to speak to the organization's purposes in existence and achievement, which is a lot of thought to contain in a few words. Think of the organizat..
What milestones should be planned in the design phase : Who is the intended audience? What milestones should be planned in the design phase? What branding should be used for the website?
How should management deal with the physical structures : How should management deal with the physical structures at the time of the consolidation? What specific steps should the board take to create an executive team to manage the newly created organization? Given the diversity of cultures embedded in the ..
Focus on the use of measurement tools : This week's Seminar will focus on the use of measurement tools to assess client behavior. Create your Seminar responses in MS Word. Your response to the questions above should be composed in complete sentences and paragraphs and be 300-350 words i..

Reviews

Write a Review

Business Management Questions & Answers

  Illustrate what safeguards could be implemented

Should companies automatically grant adjustments? For example, some consumers buy a video camera or a dress for a special event also return the product afterwards. Illustrate what safeguards could be implemented?

  Brief description of the selected manuscript

Provide a brief description of the selected manuscript. Identify the selection criteria and methods, and discuss how they relate to the needs of the organization in the case.

  Estimated that the price of the house

You plan to buy the house of your dreams in 8 years. You have estimated that the price of the house will be $108,527 at that time. You are able to make equal deposits every month at the end of the month into a separate savings account

  Purchasing agent for a medium sized grocery chain

You are a purchasing agent for a medium sized grocery chain. You have been asked to locate and purchase a ten acre site in a small outstate town for a new store location. Explain how you should identify yourself and sign the contract to avoid perso..

  Striving to accomplish assigned work tasks

Two or more people who work interactively, each aware of their membership in the group, and striving to accomplish assigned work tasks are called:a)Apsychological group.b)Aproject team.c)Awork group.d)Aconsortium.Formal work groups are created by

  Is the level of globalisation uniform across the world

What would be some of the key drawbacks or risks of living in the flat world of Globalisation 3.0 as Friedman describes it - Do you agree with Friedman's iron rule of the flat world?

  What are the key points of the article

What are the key points of the article? How does military conflict management different from traditional businesses? Do you agree with the techniques presented in the article? Why or Why not?

  Smart shopping trolley system for grocery-supermarket chain

As the Information Systems Manager you have been given the responsibility for implementing a new "smart shopping trolley" system for a grocery/supermarket chain.

  Review the contingency planning control family

Review the Contingency Planning control family and individual controls as listed in NIST SP 800-53. Review the phases in the Business Continuity Planning Process.

  Describe the company supply chain

Create a 14-slide presentation in which you analyze and evaluate the current state of the selected company's supply chain and an identified process. Include the following in the presentation:

  The relationship between business and society

Explain the relationship between business and society?

  Sound project management practices

Report your Assessment of the current project status. Compare your assessment with sound project management practices.

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