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if price elasticity of demand is -1.62 what happens to revenue if price rises?
rises, falls, falls by 162%, or rises by 1.62% ??
2 AnswersEconomics10 years agoBrett buys a new cell phone for $100. He receives consumer surplus of $80 from the purchase...?
Brett buys a new cell phone for $100. He receives consumer surplus of $80 from the purchase. How much does Brett value his cell phone?
A) $180
B) $100
C) $80
D) $20
2 AnswersEconomics10 years agoSuppose value of the price elasticity is 4. What does this mean?
A 1% increase in the price of the good causes the supply curve to shift upward by 4%
A 4% increase in the price of good causes quantity supplied to increase by 1%
for every $1 increase in price, quantity supplied increases by four units
a 1% increase in the price of the good causes quantity supplied to increase by 4%
2 AnswersEconomics10 years agothe amount of deadweight loss for gift giving is...?
same as increase in consumer surplus the recipient gets from receiving the gift
less for gifts with a high selling price and more for gifts with low selling price
is equal to the difference between the gift's price and the marginal cost of the gift
is equal to the difference between the gift's price and the dollar value the recipient places on the gift
1 AnswerHomework Help10 years agothe amount of deadweight loss for gift giving is ...?
same as increase in consumer surplus the recipient gets from receiving the gift
less for gifts with a high selling price and more for gifts with low selling price
is equal to the difference between the gift's price and the marginal cost of the gift
is equal to the difference between the gift's price and the dollar value the recipient places on the gift
1 AnswerEconomics10 years agoIs this true or false?? Microeconomics question?
true of false in economics the optimal level of pollution the level for which the net benefit from reducing the pollution is the greatest
1 AnswerHomework Help10 years agoIs this true or false?? Microeconomics question?
in economics the optimal level of pollution the level for which the net benefit from reducing the pollution is the greatest
1 AnswerEconomics10 years agoHow do you factor this equation: 9x^3-27x^2-3402x?
1 AnswerHomework Help10 years agoConsequences of a second misdemeanor in less then six months?
What are the consequences of alcohol/marijuana (small amounts)possession and another misdemeanor for having alcohol (small amount) in the trunk of a car on a community college grounds?
None misdemeanors are on the record yet.The 2nd misdemeanor was a bottle of alcohol in two bags in the trunk. The police searched the trunk because the driver forgot his license at home in rush for a class. Anyway what are the possible consequences.
Also the first misd. the search occurred due to undercover police at the scene assuming the person was drug dealing only because men were trying to sell street CD to him. Although this has nothing to do with drug dealing, they still made assumptions and decided to search his car.
So what can happen? Both alcohol did not belong to him since he doesnt consume it, but I understand hes responsible for it by law...
2 AnswersLaw Enforcement & Police1 decade agoBiology questions, Help please!!!!?
describe the various characteristics of the carbon atom that makes possible the building of a variety of biological molecules.
explain how reactions involving carbon-containing compounds can contribute to the greenhouse effect
if u can help me answer atleast one, i'd really appreciate it!!
thanks alot.
3 AnswersHomework Help1 decade agoHelp please....?
I want couple of questions answered about the Supreme Court in U.S.A
1)how are the justices selected
2)who the justices are
3)the kinds of cases heard by the Supreme Court
4)how the justices decide a case using legal reasoning
thanks..
2 AnswersGovernment1 decade agohelp please....?
I want couple of questions answered about the Supreme Court in U.S.A
1)how are the justices selected
2)who the justices are
3)the kinds of cases heard by the Supreme Court
4)how the justices decide a case using legal reasoning
thanks..
2 AnswersHomework Help1 decade agoAnyone heard of NYLC, I am attending it this weekend?
I got a scholarship paying for the nylc trip-national young leaders conference in washington d.c.,so if anyone here has attended it or knows someone who attended it can you please tell me about it. I am really excited for it, but I still am a bit nervous of what to expect there.
1 AnswerOther - Education1 decade agowho do u think will win in the 2008 elections?
who do you think has the highest chances of winning, and who do you think should win the 2008 presidency and why?
I personally think Obama should win...i think he'd be a good leader, he's pretty calm and collected, and i also think its time for america to have some changes in presidency..
8 AnswersElections1 decade agowhat color should i die my hair?
I have a white skin and dark brown eyes, and i want to die my hair. so any help or advice on what color i should die my hair.
24 AnswersOther - Beauty & Style1 decade agodo u think haifa wehbe is one of the prettiest women in the world?
6 AnswersMakeup1 decade ago