How man units with be demanded between

Assignment Help Macroeconomics
Reference no: EM13338242

Demand function: qd=5,000-50p, where qd is quantity demanded and p is price per unit.

A. How man units with be demanded between $10, and 20? Between $20 and 30?

B. What is the arc price elasticity of demand $10, and 20? Between $20 and 30?

Reference no: EM13338242

Questions Cloud

Is this consumer maximizing his utility : A consumer is currently purchasing three pairs of jeans and five T-shirts per year. The price of jeans is $30, and T-shirts cost $10. At the current rate of consumption, the marginal utility of jeans is 60, and the marginal utility of T-shirts is 30...
What total surplus will result from a transaction between : Consider a seller who values a car at $9,500 and a buyer who values the same care at $10,000. What total surplus will result from a transaction between the two when the seller is faced with the follow sales tax rates: 0%, 2%, 4%, 6%, and 8%?
How many popsicles will be sold each day in the short run if : At a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1.0). So how many popsicles will be sold each day i..
Explain the relationship between gross national product : A Define each of the following: 1 Gross Domestic Product at Market Prices. 2 Gross National Product at Market Prices. 3 Gross National Product at Factor Cost. 4 National Income.
How man units with be demanded between : Demand function: qd=5,000-50p, where qd is quantity demanded and p is price per unit.
Explain why canada should or should not take a leadership : Explain why Canada should or should not take a leadership role in environmental practices and Fair Trade policies. This must be from a business perspective
What is the dollar value of the total surplus : What is the dollar value of the total surplus (producer surplus plus consumer surplus) when the allocatively efficient output level is being produced?
Does this fact constitute a violation of law of demand : In 1951, Coke used to cost $0.37 for a pack of 6, an average house was worth about $16000, and a car was $1400 to 2200. All these goods are much more expensive now
The south had to increase its production of munitions and : During the Civil War, one of Lincoln’s first actions was to blockade ports, which prevented trade. The South had to increase its production of munitions and food.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Formulate some key elements of a corporate vision statement

Analyze the differences and similarities between your personal vision statement and the vision statement of the organization you explored. Rate the organizational vision statement in terms of how motivational or inspirational it is or would be to yo..

  Explain which is the a private transfer payment

If a nation's real GDP has increased faster that its population over a period of time, then we would conclude that: real GDP per capita increased faster than real GDP population grew slower than real GDP per capita real GDP per capita.

  Assume that initially equilibrium full employment level

Assume that initially equilibrium was 200 units and that this was also full employment level of income

  Explain the relationship between the mc curve and the avc

Explain the relationship between the MC curve and the AVC and ATC curves.

  What utility levels will smith and jones enjoy

Jones on the other hand regards ham and cheese as perfect substitutes-she is always willing to trade 3 slices of ham for 4 slices of cheese, and her utility function is given by Uj+4h+3c. Total endowments are 100 slices of ham and 200 slices of ch..

  How could we argue that these markets are not competitive

Grocery stores and gasoline stations in a large city would appear to be examples of competitive markets. There are numerous relatively small sellers, each seller is a price - taker , and the products are quite similar. a) How could we argue that t..

  Calculate gdp and countrys gross national expenditure

Calculate GDP and the country's gross national expenditure using the expenditure approach and derive the country's gross national product (GNP)

  What is the herfindahl index for this industry

What is the four-firm concentration ratio in this industry Show all calculations and explain what a concentration ratio.b) What is the Herfindahl index for this industry Show all calculations and explain what a Herfindahl index .c) Suppose..

  Findout the number of hours of skilled labor

Findout  the number of hours of skilled labor also the number of hours of unskilled labor which minimized the price of doing the project.

  If a country wants to keep its exchange rate from changing

If a country wants to keep its exchange rate from changing, it must give up some control over its money supply. Is this statement true, false, or uncertain? Explain your answer.

  Most nation are interdependent where trade is concern

Most nation are interdependent where trade is concern. We all depend on each other. Should America aim to be self sufficient in the production of goods and services, rather than depending on other countries for trade.

  Determine eventual total change in reserve

Suppose a new deposit to the US banking system of $1000. Assume that all commercial banks have a target reserve ratio of 10 percent and there is no cash drain.

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