Suppose that the demand of a certain item is
q=−0.7p+20q=−0.7p+20.
Evaluate the elasticity at p=8:
E(8)=
Suppose that the demand of a certain item is q=−0.7p+20q=−0.7p+20. Evaluate the elasticity at p=8: E(8)=
76. Suppose a good has a demand curve given by Q = 20 - 8 P. What is the price elasticity of demand if the price is $22 A) 4 B) -8 C) 1/2 D) -1/2
QUESTION 7 Suppose inverse demand is given by the following equation P(Q) 600 - 20Q Suppose further that you are a monopolist with constant marginal cost equal to 40. How much profit do you earn at the optimal price and quantity? OA 3920 о в 4500 O C 1120 1) л. D.O
A monopolist has a cost curve c(q) = q^2-12q+8 and faces an inverse demand curve p(q) = 80-20q. Find the monopolist price and quantity, (p,q).
Given the demand function p= 180-30 In q. (a) Find an expression for the elasticity of demand, E(q). (b) Evaluate E(g) at demand of 50. (c) Interpret your result.
1. Let demand be P(Q) = 6 - 2. What is the price elasticity of demand at Q = 4? a. E = C. b. E= E = -4 d. E= -2 2. Suppose we have 3 types of households each with private demand for a public good (like flood protection) of P1(Q) = 5, P2(Q) = 10 - Q, and P3(Q) = 20 – 2Q. What is the social demand curve for the range Q < 10? a. Ps(0=...
1. Let demand be P(Q) = 6 ---Q. What is the price elasticity of demand at Q = 4? 1 a. E = — 4 1 C. b. E =- 2 E = -4 d. E = -2 2. Suppose we have 3 types of households each with private demand for a public good (like flood protection) of P (Q) = 5, P2(Q) = 10 - Q, and P3(Q) = 20 – 2Q. What is the social demand curve for...
1. Let demand be P(Q) = 6-Q. What is the price elasticity of demand at Q = 4? a. E = - b. E= - 2 C. E = -4 d. ε = -2 2. Suppose we have 3 types of households each with private demand for a public good (like flood protection) of P1(Q) = 5, P2(Q) = 10 - Q, and P3(Q) = 20 – 2Q. What is the social demand curve for the range Q < 10?...
suppose the demand curve P=75-4*Q. What price elasticity of demand when the price is $25?
Suppose that you believe that the demand curve is a constant elasticity demand curve: Q=Ape, .............................................. Score: 0 of 1 pt 8 of 11 (7 complete) HW Score: 54.55%, 6. Text Question 4.2 EQuestion Help Suppose that you believe that the demand curve is a constant elasticity demand curve: Q Ap where A is a positive constant and e is the constant elasticity of demand. You have some data and want to estimate a constant elasticity demand curve: where A...
3) Consider the following demand equation: Demand: Q = 80 – 5 P a) Suppose there is a price increase from $6 to $8. Calculate the elasticity of demand along the portion of the demand curve between $6 and $8. b) Suppose there is a price increase from $8 to $9. Calculate the elasticity of demand along the portion of the demand curve between $8 and $9. With respect to this linear demand equation, is the elasticity of demand constant?