Q55. If the demand equation isP = 30 –10Which of the following represents a general expression for the price elasticity of demand in terms of P30— Р30P30 – 10P Q66. The total cost curve for firms in a natural monopoly is estimated to be:TC = 2Q3 – 100Q² + 10000Q%3D|The government has a desired industry output of 100. What is the minimum efficient scale in this industry?5%10%12.5%25%50%

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Q5 5. If the demand equation is P = 30 – ; 10 Which of the following represents a general expression for the price elasticity of demand in terms of P P 30— Р 30P 30 – 10P

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 16SQ

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Question

Q5
5. If the demand equation is
P = 30 –
10
Which of the following represents a general expression for the price elasticity of demand in terms of P
30— Р
30P
30 – 10P

Q6
6. The total cost curve for firms in a natural monopoly is estimated to be:
TC = 2Q3 – 100Q² + 10000Q
%3D
|
The government has a desired industry output of 100. What is the minimum efficient scale in this industry?
5%
10%
12.5%
25%
50%

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