Economics

Question about elasticity

Question about elasticity

This is for a friend.. Could someone please help with the attached question 7 on economical elasticity..
 she tried finding the solution manual for the book but it wasnt available

ehd123   948   N/A

ehd123

About price ceillings and price floors

About price ceillings and price floors

Suppose that apartments rent for $1,300 a month in San Francisco, California and $850 a month in Los Angeles, California. If the state of California passes a state-wide rent ceiling for apartments of $1,100 a month, what occurs in the two cities?

armakyie   337   N/A

armakyie

Your student association is looking for an auditorium to rent for an all-day conference. The univers

Your student association is looking for an auditorium to rent for an all-day conference. The univers

Your student association is looking for an auditorium to rent for an all-day conference. The university's Performing Arts Center is vacant on that day, so the association wants to rent it. The physical plant manager tells you that the daily rent

malook90   495   N/A

malook90

What is recent proposed use for many reservations

What is recent proposed use for many reservations

What is recent proposed use for many reservations

a299bjr   1352   N/A

a299bjr

Discussing the factors that shift the labor demand curve. In your answer, be sur

Discussing the factors that shift the labor demand curve. In your answer, be sur

discussing the factors that shift the labor demand curve. In your answer, be sure to describe the effect of each factor.

trollfam1   697   N/A

trollfam1

Under the Small Business Health Options Program (SHOP)...

Under the Small Business Health Options Program (SHOP)...

Under the Small Business Options Program (SHOP) provision of the health care plan, a small firm's employees would be pooled with the employees of other small firms. When an insurance plan covers a large number of people.
A) moral hazard is

zellyen   858   N/A

zellyen

Should the government provide assistance at taxpayers’ expense to those people w

Should the government provide assistance at taxpayers’ expense to those people w

Should the government provide assistance at taxpayers’ expense to those people who received these sub-prime loans and now have trouble keeping their homes?

ilayza16   243   N/A

ilayza16

As part of the class requirements, our last assignment is a micro economic...

As part of the class requirements, our last assignment is a micro economic...

Micro Economic Analysis - Final Discussion Forum
As part of the class requirements, our last assignment is a micro economic analysis of a current event/firm. Please, select an article or articles for Wall Street Journal and/or the Economist. The

stephanieliu   267   N/A

stephanieliu

Suppose the current price of barley is $70 per tonne and at that price 100,0 ..

Suppose the current price of barley is $70 per tonne and at that price 100,0 ..

Suppose the current price of barley is $70 per tonne and at that price 100,000 tonnes are grown by a Victorian farmer. If the price of barley rises to $30 a tonne and quantity supplied increases to 130,000 tonnes, then using the mid-point method, the

PHaMRoL1952   318   N/A

PHaMRoL1952

If weak aggregate demand is pushing the economy into recession, which of the following must be true?

If weak aggregate demand is pushing the economy into recession, which of the following must be true?

If weak aggregate demand is pushing the economy into recession, which of the following must be true?
      
a.The economy is at an equilibrium that is on the long-run aggregate supply curve.
      
b.The economy is at an equilibrium that

mikemey   548   N/A

mikemey

How is surge pricing ensuring the market is allocative efficient?

How is surge pricing ensuring the market is allocative efficient?

How is surge pricing ensuring the market is allocative efficient? Explain how consumer and producer surplus change as a result of price surging. Why would these changes upset customers?

r5708486   490   N/A

r5708486

Would the pharmaceutical industry work more efficiently if all basic research was moved from private ...

Would the pharmaceutical industry work more efficiently if all basic research was moved from private ...

Would the pharmaceutical industry work more efficiently if all basic research was moved from private laboratories to Universities?

thefinals23   701   N/A

thefinals23

Many people believe that the study of economics is focused on money and financial markets. Based on ...

Many people believe that the study of economics is focused on money and financial markets. Based on ...

Many people believe that the study of economics is focused on money and financial markets. Based on your reading of the chapter, how would you define economics?

JohnPope   691   N/A

JohnPope

MONOPOLY: a) Calculate the quantity effect and price effect of a price cut from $6 to $5. Estimat

MONOPOLY: a) Calculate the quantity effect and price effect of a price cut from $6 to $5. Estimat

a)    Calculate the quantity effect and price effect of a price cut from $6 to $5. Estimate the change in total revenue due to the price cut. Explain your answer.

b)   Comment on the elasticity of the demand curve between the price

alaska47   162   N/A

alaska47

Which of the following is true of a certificate of deposit?

Which of the following is true of a certificate of deposit?

Which of the following is true of a certificate of deposit?
 a. They are accounts at savings and loan associations.
  b. The funds in this deposit account are not given out in the form of loans.
  c. The funds in this account must be

dotyc92   57   N/A

dotyc92

Discuss the current rate of unemployment for the US economy (September 2018). Explain the natural ra

Discuss the current rate of unemployment for the US economy (September 2018). Explain the natural ra

Discuss the current rate of unemployment for the US economy (September 2018). Explain the natural rate of unemployment and discuss why some amount of unemployment is inevitable? Post two critical peer reviews

Catracho   358   N/A

Catracho

Microeconomics

Microeconomics

Consider the following 2 brands. Roots Canada vs essential ( Walmart brand of clothing)

Which brand has a larger elasticity of demand? Explain
Assume the market price and quantity are identical, suppose both brand faces the identical

Alyc   296   N/A

Alyc

Variable and absorption costing, explaining operating-income differences.

Variable and absorption costing, explaining operating-income differences.

Nascar Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2017 are as follows:

[img width=350 height=208]

bio_man   138   N/A

bio_man

Throughput costing

Throughput costing

Throughput costing. The variable manufacturing costs per unit of EntertainMe Corporation are as follows:

[img width=350 height=98]https://biology-forums.com/gall

bio_man   126   N/A

bio_man

Monetary policy during the Global Financial Crisis was unusual because

Monetary policy during the Global Financial Crisis was unusual because

Monetary policy during the Global Financial Crisis was unusual because

A)lower interest rates caused the Canadian dollar to appreciate.

B)banks used excess reserves to increase lending.

C)the Bank of Canada raised int

Selene Delray   135   N/A

Selene Delray

Macroeconomics question

Macroeconomics question

Consider the two-period small open economy model, which takes the world interest rate, r, as given.
Q1 - C1 - I1 = B1* (1)
Q2 + rB1* - C2 = -B1* (2)
K2 = K1 + I1 (3)
Where Q is output, C is consumption, I is investment, r is inter

Nurşah Akın   122   N/A

Nurşah Akın

Watch the film “It’s a Girl”. using the link provided under content.

Watch the film “It’s a Girl”. using the link provided under content.

Watch the film “It’s a Girl”. using the link provided under content.



All of the questions below should be answered using the film for information.

1. How many female babies

Pranshu   128   N/A

Pranshu

Modeling and analyzing Consumer Theory using Graphs

Modeling and analyzing Consumer Theory using Graphs

I. Model
1. Specify two goods. For example food F and clothing C
2. Specify a consumer’s utility function. For example 𝑢(𝐹, 𝐶) = 𝐹0.5𝐶0.5.

II. Analysis
1. Given the above model, solve

June23   149   N/A

June23

Economics question

Economics question

Could you explain how the relationship between dense forests and heavy rains is an example of cause and effect that is hard to​ untangle?

s.h_math   104   N/A

s.h_math

Adam Smith's behavioral assumption about humans was that people

Adam Smith's behavioral assumption about humans was that people

Adam Smith's behavioral assumption about humans was that people
A) typically act irrationally.
B) usually act in a rational, self-interested way.
C) are consistently greedy.
D)  typically act randomly.

Tidy   494   1 Reply

Sydnie

Consider the market for turkeys. In the United States, because of Thanksgiving in the month of Novem

Consider the market for turkeys. In the United States, because of Thanksgiving in the month of Novem

Consider the market for turkeys. In the United States, because of Thanksgiving in the month of November,
A) there is a downward movement along the demand curve for turkeys.
B) there is an upward movement along the supply curve for turkeys.

Loraine   367   1 Reply

Sydnie

All of the following countries come close to the free market benchmark except

All of the following countries come close to the free market benchmark except

All of the following countries come close to the free market benchmark except
A) Canada.
B) North Korea.
C) Germany.
D) Singapore.

Tidy   656   1 Reply

Sydnie

Consider the market for feather pillows. If there is an increase in the price of feather dusters, a

Consider the market for feather pillows. If there is an increase in the price of feather dusters, a

Consider the market for feather pillows. If there is an increase in the price of feather dusters, a substitute in production for feather pillows, then
A) the price of feather pillows decreases.
B) the demand curve for feather pillows shifts

Loraine   765   1 Reply

Sydnie

Adam Smith's invisible hand refers to

Adam Smith's invisible hand refers to

Adam Smith's invisible hand refers to
A) the government's unobtrusive role in ensuring that the economy functions efficiently.
B) property ownership laws and the rule of the court system.
C) the process by which individuals

Tidy   384   1 Reply

Sydnie

Consider the market for peanut butter. If there is an increase in the price of peanuts,

Consider the market for peanut butter. If there is an increase in the price of peanuts,

Consider the market for peanut butter. If there is an increase in the price of peanuts,
A) there is an upward movement along the supply curve for peanut butter.
B) the supply curve for peanuts shifts rightward.
C) there is a decrease i

Loraine   380   1 Reply

Sydnie

Peanut butter and jelly are complements for many consumers. Consider the market for peanut butter. I

Peanut butter and jelly are complements for many consumers. Consider the market for peanut butter. I

Peanut butter and jelly are complements for many consumers. Consider the market for peanut butter. If there is an increase in the price of jelly,
A) there is a movement along the supply curve of peanut butter.
B) the price of peanut butter

Loraine   456   1 Reply

Sydnie

The term "property rights" refers to

The term "property rights" refers to

The term "property rights" refers to
A) the physical possession of a house or any other property which the owner legally purchased.
B) the ability to exercise control over one's own resources within the confines of the law.

Tidy   444   1 Reply

Sydnie

Consider the market for wheat. If there is an improvement in harvesting technology,

Consider the market for wheat. If there is an improvement in harvesting technology,

Consider the market for wheat. If there is an improvement in harvesting technology,
A) the supply curve for wheat shifts rightward.
B) the demand curve for wheat shifts rightward.
C) there is a movement up along the demand curve.

Loraine   694   1 Reply

Sydnie

The primary purpose of ________ is to encourage the expenditure of funds on research and development

The primary purpose of ________ is to encourage the expenditure of funds on research and development

The primary purpose of ________ is to encourage the expenditure of funds on research and development to create new products.
A) centrally planned economies
B) government-run health care
C) nationalizing oil companies
D) patents an

Tidy   393   1 Reply

Sydnie

When the price of rice rises,

When the price of rice rises,

When the price of rice rises,
A) the market quantity supplied of rice increases.
B) the market supply of rice increases.
C) the market quantity of rice demanded decreases.
D) Both A and C are true.
E) Both A and B are true.

Loraine   949   1 Reply

Sydnie

A major factor contributing to the slow growth rate of less developed economies is

A major factor contributing to the slow growth rate of less developed economies is

A major factor contributing to the slow growth rate of less developed economies is
A) the lack of well-defined and enforceable property rights.
B) the lack of natural resources.
C) the lack of workers.
D) the high rate of illite

Tidy   794   1 Reply

Sydnie

A successful market economy requires

A successful market economy requires

A successful market economy requires
A) a government-controlled banking system and government price controls.
B) well-defined property rights and an independent court system to adjudicate disputes based on the law.
C) generous unemplo

Tidy   1022   1 Reply

Sydnie

Consider the following items: (Multiple Choice)

Consider the following items: (Multiple Choice)

Consider the following items:
a.   the novel "The DaVinci Code" by Dan Brown
b.   the "The Spirited Shipper," an innovative wine shipping box
c.   a Swiss chef's award-winning recipe
d.   an original fabric desi

Tidy   305   1 Reply

Sydnie

Consider the following items: (Multiple Choice)

Consider the following items: (Multiple Choice)

Consider the following items:
a.   the album "21" by Adele
b.   a Dutch horticulturalist's new method for cultivating hybrid tulips
c.   Rolls Royce's "Spirit of Ecstacy" hood ornament design
d.   the sale o

Tidy   241   1 Reply

Sydnie

An organization of producers that limits the amount of a good produced is known as a

An organization of producers that limits the amount of a good produced is known as a

An organization of producers that limits the amount of a good produced is known as a
A) free market organization.
B) guild.
C) collective.
D) co-op.

Tidy   717   1 Reply

Sydnie