Using only the total revenue criterion, determine if the demand schedules given in the following table...
Using only the total revenue criterion, determine if the demand schedules given in the following table are elastic, inelastic, or unitary elastic.
| P($) | 5 | 4 | 3 | 2 | 1 |
| Qx | 100 | 130 | 180 | 275 | 560 |
| Qy | 100 | 120 | 150 | 220 | 430 |
| Qz | 100 | 125 | 167 | 250 | 500 |
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Using only the total revenue criterion, determine if the demand
schedules given in the following table...
Attempts: Average: 1 4 6. Elasticity and total revenue The following graph shows the daily demand...
Attempts: Average: 1 4 6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 300 275 250 225 a 200 Total Revenue We were unable to transcribe this imageWe were unable to transcribe this imageS 1740 1500 t 1260 1020 o 25 50...
PLEASE READ VERY CAREFULLY!! SHOW ALL THE CALCULATIONS! AND LIST ALL THE TOTAL REVENUE COORDINATE POINTS!!...
PLEASE READ VERY CAREFULLY!! SHOW ALL THE CALCULATIONS! AND LIST
ALL THE TOTAL REVENUE COORDINATE POINTS!!
ANSWER OPTIONS FOR NUMBER 1: 0, 0.6, 1.67,
75.02
2. ELASTIC, UNIT ELASTIC, INELASTIC
3. A DECREASE, AN INCREASE, NO CHANGE
4. ELASTIC, UNIT ELASTIC, INELASTIC
Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 300 275 250 Total Revenue 225 200 2...
Q3 The demand schedule for gym subscriptions is in the table. Price (euros per gym subscription...
Q3 The demand schedule for gym subscriptions is in the table. Price (euros per gym subscription Quantity demanded (hundreds of gym subscriptions per year) a) What happens to total revenue if the price rises from (i) €230 to €280 per gym subscription and from (ii) €280 to €330 per gym subscription? b) At what price is total revenue at a maximum? c) At €230, is the demand for gym subscriptions elastic, inelastic, or unit elastic? Use the total revenue test...
Suppose San Francisco House has the following demand when setting up the following prices:
1. Suppose San Francisco House has the following demand when setting up the following prices:Price# of RoomsPrice# of Rooms$100 270$180 120$110 240$190 110$120 210$200 108$130 190$210 104$140 180$220 100$150 170$230 95$160 150$240 93$170 140$250 91$260 80 A. Draw a graph with X-axis being price and Y-axis being demand;B. Calculate the price elasticity when the hotel price moves from $160 to $200;C. Calculate the price elasticity when the hotel price moves from $160 to $120;D. What type of product (elastic or inelastic) does San Francisco House sell?
Q19 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the...
Q19 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. How much tax revenue, in dollars, is collected by the government from the tax? Numerical answer Q Supplied Q Demanded 140 4.00 20 4.10 130 40 4.20 120 60 4.30 110 80 4.40 100 100 4.50 90 120 4.60 80 140 4.70 70 160 4.80 60 180 4.90 50...
6. Elasticity and total revenue The following graph shows the dally demand curve for bikes in...
6. Elasticity and total revenue The following graph shows the dally demand curve for bikes in New York City. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve Note: You will not be graded on any changes made to this graph. 300 275 250 225 Total Revenue 175 150 125 100 75 50 03 6912 1518 21 24 27 30 33 36 QUANTITY (Bikes) On the following graph, use the green point...
Demand can either be elastic, inelastic or unit elastic Total revenue can increase, decrease, or stay...
Demand can either be elastic, inelastic or unit elastic
Total revenue can increase, decrease, or stay the same
Please provide the work done :)
Refer to the demand schedule below Quantity demanded Price 80 70 60 50 40 30 20 10 50 100 150 200 250 300 350 400 a. Suppose the price increases from $10 to $20. Demand is inelasticand total revenue increases b. Suppose the price increases from $30 to $40. Demand is (inelastic $) and total revenue...
not sure from my answers ^^ Q18 (1 point). The table below shows the demand and...
not sure from my answers ^^
Q18 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. What is the new equilibrium quantity sold? 40 60 оооо 80 100 P Demanded Q Supplied 20 4.00 140 4.10 130 40 4.20 120 60 110 80 4.30 4.40 100 100 90 120 4.50 4.60 80 140 70 4.70 4.80 160 180 60...
This table indicates the US domestic demand and supply schedules for commercial jet airplanes. Suppose that...
This table indicates the US domestic demand and supply schedules for commercial jet airplanes. Suppose that the world price of a commercial jet airplane is $100 million. Price (millions) Quantity of Jets Demanded Quantity of Jets Supplied $120 100 1000 110 150 900 100 200 800 90 250 700 80 300 600 70 350 500 60 400 400 50 450 300 40 500 200 Without trade, how many commercial jet airplanes does the US produce, and at what price are...
please help 2. Problem solving (4 questions, 5 point each) 1. The demand and supply schedules...
please help
2. Problem solving (4 questions, 5 point each) 1. The demand and supply schedules for potato chips are in the table. Price (cents per bag) 50 60 70 Quantity Quantity demanded supplied (millions of bags a week) 160 130 150 140 140 130 160 120 110 180 150 80 90 170 100 a. draw a graph of the potato chip market and mark in the equilibrium price and quantity b. If the price is 60€ a bag, is...
Attempts: Average: 1 4 6. Elasticity and total revenue The following graph shows the daily demand curve for bikes in Denver. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 300 275 250 225 a 200 Total Revenue We were unable to transcribe this imageWe were unable to transcribe this imageS 1740 1500 t 1260 1020 o 25 50...
PLEASE READ VERY CAREFULLY!! SHOW ALL THE CALCULATIONS! AND LIST
ALL THE TOTAL REVENUE COORDINATE POINTS!!
ANSWER OPTIONS FOR NUMBER 1: 0, 0.6, 1.67,
75.02
2. ELASTIC, UNIT ELASTIC, INELASTIC
3. A DECREASE, AN INCREASE, NO CHANGE
4. ELASTIC, UNIT ELASTIC, INELASTIC
Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. 300 275 250 Total Revenue 225 200 2...
Q3 The demand schedule for gym subscriptions is in the table. Price (euros per gym subscription Quantity demanded (hundreds of gym subscriptions per year) a) What happens to total revenue if the price rises from (i) €230 to €280 per gym subscription and from (ii) €280 to €330 per gym subscription? b) At what price is total revenue at a maximum? c) At €230, is the demand for gym subscriptions elastic, inelastic, or unit elastic? Use the total revenue test...
Q19 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. How much tax revenue, in dollars, is collected by the government from the tax? Numerical answer Q Supplied Q Demanded 140 4.00 20 4.10 130 40 4.20 120 60 4.30 110 80 4.40 100 100 4.50 90 120 4.60 80 140 4.70 70 160 4.80 60 180 4.90 50...
6. Elasticity and total revenue The following graph shows the dally demand curve for bikes in New York City. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve Note: You will not be graded on any changes made to this graph. 300 275 250 225 Total Revenue 175 150 125 100 75 50 03 6912 1518 21 24 27 30 33 36 QUANTITY (Bikes) On the following graph, use the green point...
Demand can either be elastic, inelastic or unit elastic
Total revenue can increase, decrease, or stay the same
Please provide the work done :)
Refer to the demand schedule below Quantity demanded Price 80 70 60 50 40 30 20 10 50 100 150 200 250 300 350 400 a. Suppose the price increases from $10 to $20. Demand is inelasticand total revenue increases b. Suppose the price increases from $30 to $40. Demand is (inelastic $) and total revenue...
not sure from my answers ^^
Q18 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. What is the new equilibrium quantity sold? 40 60 оооо 80 100 P Demanded Q Supplied 20 4.00 140 4.10 130 40 4.20 120 60 110 80 4.30 4.40 100 100 90 120 4.50 4.60 80 140 70 4.70 4.80 160 180 60...
please help
2. Problem solving (4 questions, 5 point each) 1. The demand and supply schedules for potato chips are in the table. Price (cents per bag) 50 60 70 Quantity Quantity demanded supplied (millions of bags a week) 160 130 150 140 140 130 160 120 110 180 150 80 90 170 100 a. draw a graph of the potato chip market and mark in the equilibrium price and quantity b. If the price is 60€ a bag, is...
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