Define own price elasticity on-demand with an example b. define cross-price elasticity on-demand with an example

Q: You want to establish your own business and are thinking about releasing a new product. Customers wi...

A: Profit = TR - TC Breakeven occurs if the profit is 0 and TR=TC   

Q: You are considering the following project: It pays you $2,500 at the end of the first year, costs $8...

A: Introduction: The hurdle rate, conjointly referred to as the minimum acceptable rate of come, is tha...

Q: Required information PEMEX, Mexico's petroleum corporation, has an estimated budget for oil and gas ...

A: ANSWER   Estimate life is same for all alternatives which is 20 years. Find the PW using the rule PW...

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A: Globalization is a strategy for intraction and combination among individuals, organizations and stat...

Q: A machine has a first cost of $5,000 with a useful life of 5 years. It will have a salvage value of ...

A: Given  The first cost of machine =$5000 Useful life= 5 years Yearly maintenance cost =$500 Salvage v...

Q: How does a growing trade deficit affect a country's GDP?  Explain your answer.

A: GDP refers to the final value of goods and services produced in an economy during a year. The GDP is...

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A: This chapter is related to profit and loss chapter. The selling price is defined as the price on whi...

Q: A business has found that it can sell 680 items if it sets its price to $66.9. However, if it lowers...

A: When the price is $66.9, then the quantity sold is 680 items. When the price is $40.19 then the quan...

Q: Q: What approach did the government take regarding the econor nd business in the 1920's? elect one:

A: 1920s period was marked by the economic fluctuations throughout the world.

Q: Nex The Coase theorem states that A. the best way to limit pollution is by taxing producers who poll...

A: The Coase theorem was proposed by financial specialist and Nobel prize laureate Ronald Coase. The th...

Q: Suppose the price of a product increases from $12 to $20 and the quantity demanded falls from 55 a w...

A: Price elasticity of demand measures the sensitivity of the quantity demanded in response of a change...

Q: 1. From the data in Table 5.5 about demand for smart phones, calculate the price elasticity of deman...

A:

Q: In the market for swim suits, demand is P = 53 - 0.013Q and supply is P = 4 + 0.007Q. %3D The govern...

A: here we calculate the total surplus after the tax by using the given demand and supply , so the calc...

Q: For each of the following price elasticity of demand coefficients, calculate the percentage change i...

A: When talking about price elasticity of demand, it explains the sensitivity of consumer's demand deci...

Q: 1. In a simple but delicious world, Joey eats only sandwiches, s, and jam, j. He has a Cobb-Douglas ...

A: Since we answer a maximum of 3 subparts, a-c will be answered here. Please reupload the question men...

Q: If f(k) = 9k^0.5, s = 0.1, n = 0.1, and d = 0.2, what is the value of f(k) at equilibrium? %3D O a. ...

A: Given that, F(K) = 9K0.5 s = 0.1 n = 0.1 d = 0.2

Q: 1. International expansion is one pathway for growth for established firms, particularly when their ...

A: When a business decides to enter the international market, it has a number of options. Cost, risk, a...

Q: 11. An amount of P 250,000 is now deposited into a savings account that earns 12% compounded continu...

A: Given: Initial amount=P250,000 Interest rate=12% compounded continuously Number of years=5 Withdrawa...

Q: Suppose that initially the money supply is $1 trillion, the price level equals 3, the real GDP is $5...

A: Here we calculate the new price level after the increases in money supply by using the given informa...

Q: A regional municipality is studying a water supply plan for its​ tri-city and surrounding area to th...

A: The cost of project included construction cost and maintenance and repair cost .  And the project pe...

Q: The price/demand function of a company is p= 42 – 0.001D and the cost function is 30D + 1200. Determ...

A: Given; Demand function; p=42-0.001D Cost function; TC=30D+1200 1) Optimal demand and value:- TR=P×D ...

Q: Question 4.3 (a) A monopolist faces the demand curve: Q = 1000 – 20P. What is the exact value of the...

A:

Q: mortgage where the unpaid balance is refinanced every few years at the current rate, whatever that r...

A: A mortgage is an understanding among you and a moneylender that gives the bank the option to take yo...

Q: Suppose you have a linear optimization model where you are trying to decide which products to produc...

A: The key aspects of the business challenge you're trying to solve are translated into an optimization...

Q: The Mini-Case "An Upward=Sloping Long-Run Supply Curve for Cotton" shows a supply curve for cotton. ...

A: Supply in economics refers to the amount of a resource that firms, producers, labourers, financial a...

Q: A new civil engineer employee start a savings plan in which he saves P 10,000 each year for 15 years...

A: Given: Annual amount=P10000 Duration=15 years Rate of interest=10% Note: Due to multiple questions b...

Q: Suppose that a perfectly competitive firm faces a markęt price of $5 per unit, and at this price the...

A: Perfect competition occurs in economic theory when all companies sell identical products, market sha...

Q: Define Elasticity?

A: Elasticity is defined as the  price sensitiveness as the response of the customer with respect to th...

Q: You want to establish your own business and are thinking about releasing a new product. Customers wi...

A: The payment of 1800000 is spread over three years and every month over these three years so each mon...

Q: i need help with the last 6 problems left blank -  If 2012 is the base​ year, real GDP in 2011 was ...

A: Note: There are multiple sub parts of the question, hence we shall solve the first three for you, if...

Q: Calculate cross price elasticity when change in price of bread is 6% and change in quantity demanded...

A: Complementary products are defined as those goods which are demanded together. If the price of the i...

Q: What are the advantages and disadvantages of globalization to the economy of the Philippines? Give 4...

A: GLOBALIZATION:            It is the spread of information,products,technology and jobs across nation...

Q: Q 2. Consider the case of Pakistan the small open economy, in the following situations how the nomin...

A: a. Businesses would ultimately fail and employees would be laid off. There would be no one for the g...

Q: Suppose the Central bank announces today a change in monetary policy: it is increasing target inflat...

A: People will create their expectations about what will be happening in the future based on what has r...

Q: 1. An industrial plant is considering the purchase of a centrifugal pump. Three offers were received...

A: The economic life of an asset is the amount of time it is useful to its owner. Salvage value is an a...

Q: 5. It is a common practice in lending companies that the interest is deducted at the time money is b...

A: Given: The amount of loan is = P50,000 The principal amount he receives after 16% deduction is = P42...

Q: The z-score interval that bounds a middle area of 0.75 is _____. a ± 1.08 b ± 1.10 c ± 1.13 d ± 1.15

A: We have to find value of Z score such that 

Q: machine cost P45,000 with an estimated life of 5 years. Its salvage value is P 2,500. Find its depre...

A: Machine cost = 45000 Life = 5 years Salvage = 2500  

Q: Money borrowed today is to be paid in 5 equal payments at the end of each quarter. If the interest i...

A: Given: The quarterly payment is = ₱ 21,293 The interest rate is = 3% compounded quarterly Money to b...

Q: Exhibit 30-3 Costs of Eliminating: Firm A Firm B Firm C lat ton of pollution $ 30 $ 50 $ 600 2nd ton...

A: Given are the cost of eliminating 4 tons of pollution for each firm A, B and C. There are two cases ...

Q: What is the amount of S? Answers must be in two decimal places including percentages for example: 12...

A: Elasticity of income refers to percentage change in quantity demanded due to percentage change in in...

Q: Mang Enteng borrowed P2000.000 from a bank and promised to pay the amount for 1 year. He received on...

A: Time= 1 year Principal= 2000 Amount= 1920 Interest=80

Q: Compare and contrast private and public goods. Explain how the characteristics of a public good lend...

A: Answer to the question is as follows:  

Q: There are two types of residents in the Maine cities of Kittery and York, wealthy retirees and middl...

A: Utility of wealthy : Uw = 20S0.5 + 8S  Utility of Middle Class : Um = 40S0.5 + 5S  Optimal demand / ...

Q: Zeta Corporation is a Philippine Export Company. It sells its goods to the US. Assuming that the BSP...

A: When Zeta corporation sells good to US, it will experience higher exports. US citizens can get the g...

Q: good i. P =200 - 10Q ii. P =200 - (20/3)Q Select an answer and submit. For keyboard navigation, use ...

A: here we calculate the market demand curve by the following method as follow;

Q: P(z > 1.80) = a 0.9713   b 0.9641   c 0.0287   d 0.0359

A: We have to find the area of z greater than 1.80 under the standard normal table. i.e., P(z>1.80) 

Q: Question: What conclusions can you draw from these data?

A: We see that the trends are more or less parallel. So the prices move similarly. and has a strong pos...

Q: Directions: Find the CPI for the same item. Round to the nearest unit. BASE PERIOD CURRENT PERIOD Ci...

A: Index also known as consumer price index which means that  how much times  base year one unit of mon...

Q: With COVID-19 new variant going around and increasing in our area, free vaccines available for 5 yea...

A: Introduction: The World Economic Outlook (WEO) is a report issued by the International Monetary Fund...