9. Elasticity and total revenue The following graph shows the demand curve for kumquats. Points A, B, C, and D mark price ranges over which you will be asked to calculate the p elasticity of demand for this good. Use the purple rectangle labeled Total Revenue (diamond symbols) to compute total revenue at various prices along the demand curve. To see the area of the Total Revenue rectangle, select the shaded area with your mouse. You will not be graded on where you place the rectangle. 10 Total Revenue B 5 1 2 3 4 QUANTITY (Thousands of bushels) 01 7 10 Calculate the price elasticity of demand between points A and B and points C and D using the midpoint method, and fill in the Price Elasticity of Demand column in the following table. Then for each price range, identify whether demand is elastic, inelastic, or unit elastic. Price Range Price Elasticity of Demand Elastic, Inelastic, Unit Elastic Change in Total Revenue between Points A and B C and D In the previous table, for each price range, indicate whether total revenue increases, decreases, or does not change. PRICE (Dollars per bushel per month)

Shen and Valerie are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest. Corn Rye (Bushels per acre) (Bushels per acre) Shen 20 5 Valerie 50 10 On the following graph, use the blue line (circle symbol) to plot Shen's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Valerie's PPF. 200 180 Shen's PPF 180 140 120 Valerie's PPF 100 80 60 40 20 100 200 300 400 500 600 700 800 900 1000 CORN (Bushels) has an absolute advantage in the production of corn, and has an absolute advantage in the production of rye. Shen's opportunity cost of producing 1 bushel of rye is | bushels of corn, whereas Valerie's opportunity cost of producing 1 bushel of rye is | bushels of corn. Because Shen has a opportunity cost of producing rye than…

what are the four structures in  economics

Bob and Cho are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of corn and rye each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing corn or rye or to produce corn on some of the land and rye on the rest. Corn Rye (Bushels per acre) (Bushels per acre) Bob 10 5 Cho 40 8 On the following graph, use the blue line (circle symbol) to plot Bob's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Cho's PPF. 200 Bob's PPF 180 160 F3 0+ F4 H r F5 M F7 1 F8 # F9 CI F10

Safari File Edit View History Bookmarks Window Help Sat Oct 30 2:29 PM ng.cengage.com + 88 Concordia-Chicago | Concordia Univer... Home - cuchicago.edu Bb Course Content – Foundations of Econ... X MindTap - Cengage Learning b My Questions | bartleby Maria v « CENGAGE MINDTAP Q Search this course A My Home Refresh Your Math & Graphing Skills Courses The graph below plots the firm's total revenue curve: that is, the relationship between quantity and total revenue given by the two right columns in the table above. The five choices are also labeled. Finally, two black lines are shown; these lines are tangent to the green curve at points B and D. Catalog and Study Tools A-Z Rental Options College Success Tips Career Success Tips 90 RECOMMENDED FOR YOU 81 72 63 54 D Communicating with Your bongo Instructor 45 36 ? Help 27 Give Feedback 18 A 100 200 300 400 500 600 700 800 QUANTITY (Dishwashers per year) ОСТ 30 étv 280 W TOTAL REVENUE (Thousands of dollars per year) 圖

Questions 8-9

Yes, I do believe people who disagree in regard to normative ethical theory can still reach an agreement on practical ethical questions within the business world. I have had many bosses and many co-workers whom I have not necessarily agreed with when it comes to morals and values outside of work, however, in the workplace most people can agree on practical ethical questions for example sexual harassment, stealing, cheating, client/customer privacy, unethical leadership, etc. I have found that in the workplace you can become friends with people who hold completely different normative ethics than you but still agree on common goals for the business, in fact I think it is a great thing that people who may disagree and have different opinions on ethics come together in the workplace because it makes for different ways of thinking and diversity within the business.  please help reply to disussion post

"What is the basic economic problem of scarcity?"

can you help me answer the questions in the image please

Im wondering how do i solve this problem?