Demand function for earplugs

Assignment Help Business Economics

Reference no: EM13887178

Quasimodo has a demand function for earplugs that is given by the equation D(p) = 100 - p

A) If the price of earplugs is $50, how many earplugs will he consume?

B) If the price of earplugs s $70, how many earplugs will he consume?

C) What is the change in net consumer's surplus when the price changes from $50 to $70?

Reference no: EM13887178

Questions Cloud

Determine the final temperature of the mixture : A combination of 0.250 kg of water at 20.0°C, 0.400 kg of aluminum at 26.0°C, and 0.100 kg of copper at 100°C is mixed in an insulated container and allowed to come to thermal equilibrium. Ignore any energy transfer to or from the container and de..

Analysing implications of the internal environment : Analysing and Evaluating Implications of the Internal Environment and examine the VRIOS framework and internal value chain information in Pitt and Koufopoulos.

Summarize the five fundamental principles of ethics : Summarize the five fundamental principles of ethics as articulated by the International Ethics Standards Board for Accountants (IESBA).

Same expected return and standard devieation : Suppose stocks A, B and C have the same expected return and standard devieation. The correlations of return are given as follows Corr(A,B)=0.7, Corr(B,C)=-0.3 and Corr(A,C)=0.2.Find the weights on each of these stocks.

Demand function for earplugs : Quasimodo has a demand function for earplugs that is given by the equation D(p) = 100 - p

Forming of a hemispherical dome : In superplastic forming, it is often necessary to control the strain rate. Consider the forming of a hemispherical dome by clamping a sheet over a circular hole and bulging it with gas pressure.

Industry are just able to cover their cost of production : “When the firms in the industry are just able to cover their cost of production, economic profit is zero. Therefore, if demand falls, causing prices to go down even a little bit, all of the firms in the industry will be driven out of business.” True ..

What was bailys rate of return for the six months : Lamar Baily purchased a 7 percent coupon corporate bond that matured in 10 years and paid interest semiannually. He paid $ 2,800 and six months later, immediately following an interest payment, he sold the bond. At the time of sale, the market intere..

Hip hop research paper : Hip hop research paper- Your research paper assignment is to write an 8-10 pg. double-spaced paper (i.e. including work cited page) on the topic of your choice. You must use 5 article sources from the Hip Hop Studies Reader that we have not read

User Account

All Pages