The demand for a product is given by p = 90 10q. Find the ratio if
Question:
The demand for a product is given by p = 90 − 10q. Find the ratio
if the price changes from p = 50 to p = 51. Interpret this ratio.
Transcribed Image Text:
Relative change in demand | Relative change in price
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
The quantity demanded for a product is q 4 when the pric...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Applied Calculus
ISBN: 9781119275565
6th Edition
Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale
Question Posted:
Students also viewed these Mathematics questions
-
The demand function for a product is given by p = 4000 ln (x =10), where p is the price per unit in dollars when x units are demanded. (a) Find the rate of change of price with respect to the number...
-
The supply function for a product is given by p = q2 + 300, and the demand is given by p + q = 410. Find the equilibrium quantity and price?
-
The supply function for a product is given by p = 40 + 100 2x + 9, where x is the number of units supplied and p is the price in dollars. If the price is increasing at a rate of $1 per month, at what...
-
For the beam illustrated in the figure, find the locations and magnitudes of the maximum tensile bending stress due to M and the maximum shear stress due toV. 4500 N 20 mm 300 mm 150 mm 40 mm
-
Chloral hydrate (C 2 H 3 Cl 3 O 2 ) is a drug formerly used as a sedative and hypnotic. It is the compound used to make Mickey Finns in detective stories. a. Calculate the molar mass of chloral...
-
Determine the moments for inertia Ix and Iy of the shaded area. Given: r1 = 2 in r2 = 6 in
-
Starting from Eqs. (14.60) and (14.61), derive the relations \[\begin{aligned}& R(\tau)=\int_{0}^{\infty} S(f) \cos 2 \pi f \tau \cdot d f \\& S(f)=4 \int_{0}^{\infty} R(\tau) \cos 2 \pi f \tau \cdot...
-
Casper Corporation has collected the following information after its first year of sales. Net sales were $1,600,000 on 100,000 units; selling expenses $240,000 (40% variable and 60% fixed); direct...
-
a. The barometer is a device to measure atmospheric pressure. If you plan to make a barometer by using a special liquid that has density C kg/m, what will be expected device height? Take atmospheric...
-
The world population was 6.9 billion at the end of 2010 and is predicted to reach 9 billion by the end of 2050. (a) Assuming the population is growing exponentially, what is the continuous growth...
-
Concern the maximum heart rate (MHR), which is the maximum number of times a persons heart can safely beat in one minute. If MHR is in beats per minute and a is age in years, the formulas used to...
-
What are the complications of assessing the potential total return of a CMO tranched using the total return framework?
-
Assume B Corporation has $375,000 of Ordinary Income from its operations, $75,000 of interest received from its investments on bonds from Z firm. Also, it received $50,000 of dividends from a...
-
What is the internal rate of return (IRR) for a project that costs $5,500 and is expected to generate $1,800 per year for the next four years? If the firm's required rate of return is 8 percent, what...
-
An investment offers the following cash flows: $554 today, $182 one year from now, $482 in 2 years, and $793 in 3 years. If the relevant interest rate is 7% per year (an APR, with interest compounded...
-
If I borrowed 15,000 in student loans at an annual interest of 7%. and then repay $1800 per year, then how long will it take me to repay the loan?
-
Assume that four years and one month from today you plan to make the first of several annual withdrawals from an account. Your first withdrawal will equal $1000. You plan for these withdrawals to...
-
(a) Use a computer algebra system to find the partial fraction decomposition of the function (b) Use part (a) to find « f(x) dx (by hand) and compare with the result of using the CAS to...
-
If there is an unrealized holding gain on available-for-sale investments, it is reported as?
-
Use your graphing calculator to find the value of the given function at the indicated values of x. f (x) = x 4 + 2x 3 + x - 5; x = -1/2, x = 3
-
Use your graphing calculator to find the value of the given function at the indicated values of x. f(x) = x + 3x ; x = -2, x = 20
-
Use your graphing calculator to find the value of the given function at the indicated values of x. f (x) = 3x 3 + 8; x = -11, x = 10
-
Q3. Delicious House sells eftali Kebap. In a year (A year has to be considered as 360 days), we sell 18,000 kebaps to our customers. The additional data can be given as follows: Fixed Cost per year:...
-
What is the present value of a perpetual stream of R1 350 annual payments discounted at an interest rate of 8% compounded annually, if the first payment occurs in one year's time?
-
A 40-year bond pays quarterly coupons and has 12 years left until maturity. If you bought the bond, you would - receive a coupon payment of R98,50 every three months. The bond has an interest rate of...
The Ultimate Simplified Stock Market And Investment Guide 1st Edition - ISBN: 1621372952 - Free Book
Study smarter with the SolutionInn App