Given p = 30-3q what price would make demand unitary elastic?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
A unitary demand occurs when price elasticity of deman...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Question Posted:
Students also viewed these Accounting questions
-
What is the range of elastic demand on a demand curve having the equation: Qd=8,000-50P? What is the price that will maximize total revenue? Account for both the algebraic and the diagrammatic...
-
What makes the demand for some goods elastic and the demand for other goods inelastic?
-
Demand function. Given the demand function find the average price (in dollars) over the demand interval [400.600]. D(x) = 1000 p
-
A function f(x) is said to have a jump discontinuity at x = a if: 1. lim f(x) exists. xa 2. lim f(x) exists. xa 3. The left and right limits are not equal. Let f(x) = 5x7, if x < 2 1 if x 2 x + 9'...
-
The twos complement integer division algorithm described in Section 9.3 is known as the restoring method because the value in the A register must be restored following unsuccessful subtraction. A...
-
Nashville Tool Company is considering installation of a CIM system as part of its implementation of a JIT philosophy. Gretchen Torres, company president, is convinced that the new system is...
-
As shown in Fig. P9.53a, a kayak is a relatively streamlined object. As a first approximation in calculating the drag on a kayak, assume that the kayak acts as if it were a smooth, flat plate \(17...
-
In American football, touchdowns are worth 6 points. After scoring a touchdown, the scoring team may subsequently attempt to score one or two additional points. Going for one point is virtually an...
-
Dr. Mars has a mass of 75 kg and weighs 735 N or 165 lbs on the Earth. a) What is his weight in N and lbs on Jupiter where the acceleration due to gravity is 24.8 m/s2? b) If he weighs 63.1 lbs on...
-
Create two new independent variables: Top 25 and Top 610. Top 25 represents the number of times the driver finished between second and fifth place and Top 610 represents the number of times the...
-
What do you predict will be the most influential emerging technology for business over the next five years? Why do you think this?
-
What impact would a change that shifts an economy's production possibilities curve outward have on the long run aggregate supply curve? How have improvements in computer technology affected...
-
Complete the following steps for the given integral and the given value of n. a. Sketch the graph of the integrand on the interval of integration. b. Calculate x and the grid points x 0 , x 1 , ,...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. In a partnership, the shares of the partners might be equal or they might vary according to...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. The shareholders who own the corporation directly manage the activities of the fi rm.
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Corporations continue to live on unless some formal action is taken to discontinue the...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Corporations may freely give both charitable contributions and political contributions.
-
Indicate whether each of the following statements is true or false by writing T or F in t he a nswer c olumn. A principal is liable for an agents torts and crimes if they were committed in the...
-
Repeat Example 5, where the binomial experiment consists of two rolls of a die instead of three rolls. Data from Example 5 Suppose a fair die is rolled three times and success on a single roll is...
-
10m solution. If Ka(HA) = 10 then pOH of solution will be [Given : log4=0.6] (A) 6.7 (B) Greater than 6.7 & less than 7.0 (C) Greater 7.0 & less than 7.3 (D) Greater than 7.3
-
You have a pure gas at 30 bar and 300 K. The compressibility factor (z) under these conditions is 0.9. As best you can, calculate the fugacity and the fugacity coeffi cient.
-
Indicate how each of the following accounts should be classified in the equity section. (a) Share CapitalOrdinary (b) Retained Earnings (c) Share PremiumOrdinary (d) Treasury Shares (e) Share...
-
Kaymer Corporation issued 300 shares of $10 par value ordinary shares for $4,500. Prepare Kaymers journal entry.
-
Wilco Corporation has the following account balances at December 31, 2012. Share capitalordinary, $5 par value ....$ 510,000 Treasury shares ..............90,000 Retained earnings...
-
Describe the impact of Non-Uniform Memory Access (NUMA) on an operating system's memory management strategies, and how an OS can optimize performance in a NUMA-based hardware environment .
-
Explain the concept of system calls in operating systems, and discuss the security implications of exposing system-level operations to user space.
-
Rafner Manufacturing has the following budgeted data for its two production departments. Budgeted Data Assembly Overhead cost $ 1,560,000 $ 1,035,000 Direct labor hours Machine hours 13,000 direct...
Study smarter with the SolutionInn App