Compute the point elasticity

Assignment Help Macroeconomics
Reference no: EM13903768

The demand for shirts produced by a canadian manufacturer has been estimated to be P=30-Q/200

a. Compute the point elasticity at P=$10; at P=$15

b. How does the point elasticity vary with the price?

Reference no: EM13903768

Questions Cloud

What is the value of this firm : It is estimated that the annual after-tax profits of the Microwave Corporatior will be $500,000 per year for each of the next 30 years. Given a discount rate of 14 percent, what is the value of this firm?
What is the sure outcome that is just as good as the lottery : What is the sure outcome that is just as good as the lottery introduced in exercise 27.20?
There is no contract between back-talk and gatekeeper : There is no contract between Back-Talk and Gatekeeper.Gatekeeper's additional term became part of the contract, so Back-Talk is obligated to deliver the goods within three business days.
What is the marginal product of the first worker : What is the marginal product of the first worker? What is the marginal revenue product of the first worker? Fill in the rest of the table. How many workers will this firm hire at a wage of $7
Compute the point elasticity : The demand for shirts produced by a canadian manufacturer has been estimated to be P=30-Q/200
Describe compliance issues associated with foreign corrupt : Describe compliance issues associated with the Foreign Corrupt Practices Act.  For instance what if I am trying to do business in a country where it is "custom" to bribe officials in order to obtain the proper permits, etc.  Can I follow the custom? ..
Computing the slope of the budget line : Mr mohamed's budget line relating to goods X and goods Y has intercepts of 50 units of goods X and 20 units of goods Y. If goods X is dollar 12
Nine dragons ltd is a company trading in china : Nine Dragons Ltd is a company trading in China. The company has appointed ER Sun, an auditing firm, at its auditor. Nine Dragons Ltd wishes to borrow $1 million dollars from Quick-Finance Ltd, a company trading in Australia. Before lending the money,..
Corporations law question : Corporations law question: Case Study 4 For the past five years Chu has been the New South Wales Operations Manager of Computers Pty Ltd, a company which retails computer software and hardware. Because of his senior position, Chu knows the identity a..

Reviews

Write a Review

Macroeconomics Questions & Answers

  How much amount will the bank be able to loan out

If there is no currency drain and all funds loaned out by this bank are deposited back in this bank, what are the bank's excess reserves, if any, after the new deposit has been made and how much new loan this bank might be able to create.

  What yield would you need to earn on a taxable bond to be

A new-issue municipal bond rated Aaa by Moody"s Investors Service is priced to yield 8 percent. If you are in the 33 percent tax bracket, what yield would you need to earn on a taxable bond to be indifferent?

  Average total cost curve

For a perfectly competitive syrup producer whose average total cost curve does not change, an economic profit could turn into an economic loss if;

  The market for a product is expected to increase

The market for a product is expected to increase at an annual rate of 8%. First year sales are estimated at $60,000, the horizon is 15 years, and the interest rate is 10%. What is the present value?

  What is most important factor for federal reserve currency

1) An important reason why economies at an early stage of development tend to operate inefficiently is a) they tend to be dominated by the agricultural sector, where productivity is usually low. b) they tend to have authoritarian governments that sti..

  Determine the preferred investment alternative

The Company IIE Inc. is considering upgrading their distribution center (DC) and have received investment proposal from four different vendors. The budget limitation for the investment is $1 million. Alternative 1 and 3 represents the implementati..

  Analysis of specific news article related to economics

You will be asked to collect five (5) newspaper articles relating to subjects we are covering in the class. As we cover the various chapters you should be actively searching newspapers/magazines to find articles.

  Difference between a change in supply and quantity

The primary difference in a change in supply and a change in the quantity supplied is,

  What change in government spending would account

The marginal propensity to consume and the marginal income tax rate are 0.9 and 1/3, respectively. The budget deficit is observed to increase by 90. a. What change in investment would account for this b. What change in government spending would acc..

  Decision and a description of a specific macroeconomic event

PowerPoint presentation 6-8 slides that explains the main difference between microeconomics and macroeconomics, with an example of each phenomenon, along with a description of a microeconomic decision

  A contry currency depreciate if its inflation rate is less

A contry's currency will depreciate if its inflation rate is less than that of its trading partners.

  How would the market solve the problem

We often find that for major sporting events (playoffs, Super Bowl, etc.) the quantity of tickets demanded is greater than the quantity of tickets supplied. How would the market solve this problem

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