User Account

All Pages

Calculate the price elasticity of demand

Assignment Help Macroeconomics
Reference no: EM13329203

The XYZ Co. sells widgets for $10 each. At that price it sells 200 per week. When it reduces its price of a widget to $9, it sells 250 per week. Calculate the price elasticity of demand. Is it elastic, inelastic, or unitary?

Reference no: EM13329203

Questions Cloud

Evaluate the equilibrium constant ka for the acid : Calculate the equilibrium constant, Ka for the acid, HA if, at equilibrium, the pH of a 2.3 M solution of HA is 1.62
What is the net work done on the cart : A shopper in a supermarket pushes a cart with a force of 37 N directed at an angle of 25° below the horizontal. What is the net work done on the cart
Why is rimsa willing to allow carson company to transfer : Rimsa Savings is a savings institution that provided Carson Company with a mortgage for its office building. Rimsa recently offered to refinance the mortgage if Carson Company will change to a fixed-rate loan
Find the magnitude & direction of the net electric field : Source charge Q1= -3.00nC located at (0, 5.00mm). Source charge Q2= +2.00nC located at the origin. Find the Magnitude & direction of the net electric field
Calculate the price elasticity of demand : The XYZ Co. sells widgets for $10 each. At that price it sells 200 per week. When it reduces its price of a widget to $9, it sells 250 per week. Calculate the price elasticity of demand. Is it elastic, inelastic, or unitary?
Describe what percentage of the acid is dissociated : If a 0.10M aqueous weak acid solution has a pH of 2.50 what percentage of the acid is dissociated
Convert this eer diagram to relational database schemas : Show an alternative design using the General notations for the attribute described in Problem 2 that uses only entity types (including weak entity types if needed) and relationship types.
Calculate estimate of the weighted average cost of capital : Calculate the estimate of the weighted average cost of capital ( WACC ) for Northrop Grumman Corporation using their 10K report.
What is the expected value of a prize in the game : iN A GAME OF CHANCE, the probability of winning a 50 dollar is 40 percent, and the probability of losing a 50 dollar prize is 60 percent, what is the expected value of a prize in the game

Reviews

Write a Review

Macroeconomics Questions & Answers

  Calculate marginal cost and average total cost

Given below is a table with total information for a firm in a perfectly competitive industry.

  Is the investment in your education profitable

You have done some research and believe that the master's degree will add $6,000 per year to your salary for the next 10 years of your working life, starting at the end of this year. From then on, after the next 10 years, it makes no difference.

  Finding number of labor

Acme is sole supplier of security systems in product market and sole employer of locksmiths in the labor market. The demand curve for security systems is given by P=100-Q.

  Why might a large railroad be better organized as m-form

Even before the metals and manufacturing companies, US railroads in the 19th century were M-form organizations based on geography. Why might a large railroad be better organized as M-form than U-form

  Income taxes have to be raised to get that restraint

How large is the desired fiscal stimulus. Explain by how much do income taxes have to be raised to get that restraint.

  Relationship in inflation, unemployment, and business cycle

Use real GDP, unemployment rate, customer price index, foreign exchange rate or auto sales, and oil or gas prices, make a 1,000 word paper in which you define each of indicators as related to the auto sales industry, and explain its current status.

  A decline in the price of imported oil

Draw the short-run tradeoff between inflation and unemployment. How might the Fed move the economy from one point on this curve to another?

  Economic crisis-expansionary fiscal and monetary policies

Currently, the extent of our economic difficulties has caused the economic policymakers to choose fiscal and monetary policies that are both expansionary.

  Explain what is maxs most profitable course of action

Max Whitley, manager of Whitley Construction, builds new homes in a booming community in the Midwest. Although the sales have slowed down because of a national recession, it now looks as if the recession is about to end.

  What is the opportunity cost of holding a job

Define unemployment. Should everyone who does not hold a job be considered "unemployed" To help with your answer, draw a supply and demand diagram depicting the labor market. What is measured along the demand curve

  Discuss how the economic crisis of 2008 impacted the finding

Discuss how the economic crisis of 2008 impacted the findings in the 2009 Crime Report. Given the significant increase in mortgage fraud, discuss ways this can be deterred in the future.What financial areas do you will think will emerge with signif..

  Computation of expected utility from health insurance

hat is your expected utility without insurance? Suppose you can buy insurance that will cover the medical expenses but not the foregone part of your salary. How much is an actuarially fair policy, and what is your expected utility if you buy it?

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