1,If the percentage change in quantity demanded of a good is
less than the percentage change in buyer's income, then the good is
said to be
income unit elastic.
income elastic.
price elastic.
price inelastic.
income inelastic
2. Income elasticity of demand for good A is -0.22. Good A is
income __________ and is a(n) __________ good.
inelastic; inferior
unit elastic; normal
elastic; normal
elastic; inferior
inelastic; normal
Please answer in less than an hour :)
Can you explain and show how we get the Specific Cutting
pressure in GPa if vertical force is 0.882 kN, feed rate is .0508
mm/rev, and depth of the cut is 1.8161 mm.
In no than less than 200 words, explain a package policy and the
advantages of a commercial package policy to a business frim as
compared to the purchase of separate policies.
You want to know the percentage of utility companies that earned
revenue less than 39 million or more than 81 million dollars. If
the mean revenue was 60 million dollars and the data has a standard
deviation of 13 million, find the percentage. Assume that the
distribution is normal. Round your answer to the nearest
hundredth.
Please answer all.
84. Explain why marginal revenue is less than price for a
monopolist.
85. What are the reasons for preferring competition
to monopoly?