User Account

All Pages

Calculate the price elasticity of demand

Assignment Help Microeconomics
Reference no: EM13498517

Calculate the price elasticity of demand for the following demand functions:
(a) Q = 5 - ln(P) for P=8
(b) Q = 2000 - 0.5P^3 for P=15 (0.5 multiplied by p cubed)
(c) Q = (12-P)^2 (12-P)squared
for P=10
(d) P= 2/Q for P=1

Reference no: EM13498517

Questions Cloud

Determine how long is the telescope : An astronomical telescope for hobbyists has an angular magnification of -130. The eyepiece has a focal length of 5.50 mm. how long is the telescope
Explain what is the molarity of the solution : A solution contains 0.063g of oxalic acid, H2C2O4*2H2O, in 250 mL. What is the molarity of this solution?
What is the index of refraction of the solid : One method of determining the refractive index of a transparent solid is to measure the critical angle when the solid is in air. what is the index of refraction of the solid
Determine the radius of the bigger loop : Two concentric current loops lie in the same plane. The smaller loop has a radius of 3.0 and a current of 12. What is the radius of the bigger loop
Calculate the price elasticity of demand : Calculate the price elasticity of demand for the following demand function
Define juice to remove the pulp and other particulate matter : A student determined the Ca^2+ ion content of a 100 mL sample of calcium-fortified orange juice. After adding 2.0 M HCl solution to the sample, the student filtered the juice to remove the pulp and other particulate matter.
Calculate the temperature of the sun : The accepted value for the suns intensity at the earth is measured on an area with its normal along the suns "ray". Calculate the temperature of the sun
How far do the vehicles slide : A car with mass 1000kg traveling east at 25 (m/s) runs straight into a truck with mass 1500kg traveling west at 10 (m/s). How far do the vehicles slide
What are the firm maximum profits : What are the firm's maximum profits?

Reviews

Write a Review

Microeconomics Questions & Answers

  Economists believe that when two countries specialize and

economists believe that when two countries specialize and trade each will be able to buy goods in which the other

  Compare notes with someone in the industry

Identify at least five locational attributes that are important in the location of a fast-food restaurant. Compare notes with someone in the industry such as a local restaurant manager or owner.

  Find which principles of economics apply select from each

write a paper of approximately 750 words that answers the following questions. use the contemporary economic issue

  Whose business was either helped or hurt by changes

Why is it important for managers to understand the mechanics of supply and demand both in the short run and in the long run What are some examples of companies whose business was either helped or hurt by changes in supply or demand in the markets

  Question related to aggregate demand curve

Determine the effect of an raise in the quantity of money and find the difference between real variables and nominal variables? Are these variables affected through the quantity of money?

  Recent increases in rents have caused the citizens of

recent increases in rents have caused the citizens of elmville to vote for a rent ceiling of 1200. assuming all rental

  Find the profit-maximizing price and output levels for

phillips industries manufactures a certain product that can be sold directly to retail outlets or to the superior

  Difference between common stock and preferred stock

What is the difference between a publicly held company and a privately held company? How can the two types of companies be identified?

  According to the national bureau of economic research a

according to the national bureau of economic research a poor family is the one whose income falls below one-half of the

  Indierent between alcohol and cigarettes

Assume that every citizen of country X has the utility function of u(x, y) = 5x+4y. Say that x denotes cigarettes and y denotes alcohol. The government of country X receives revenue from alcohol and cigarrete purchases but wants to curb alcohol co..

  A a pick a health and beauty brand and item you use

a. a. pick a health and beauty brand and item you use regularly for example shampoo shaving cream moisturizer razor

  You are the manager in perfectly competitive market what

you are a manager in a perfectly competitive market. the price in your market is 45. your total cost curve is cq 10

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