subject
Business, 10.10.2019 08:20 xxaurorabluexx

Acraftsman who makes guitars by hand finds that when he prices his guitars at $700 his annual revenue is 6,300. when he prices his guitars at $600, his annual revenue is $6,000. over this range of guitar prices, does the craftsman face elastic, unit-elastic; or inelastic demand?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:30
Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.
Answers: 3
question
Business, 22.06.2019 02:00
4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.
Answers: 2
question
Business, 22.06.2019 21:00
You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank
Answers: 3
question
Business, 23.06.2019 09:30
Which of the following economic behaviors causes scarcity? a limited supply and unlimited demand b limited supply and unlimited credit c limited supply and limited regulation d limited supply and limited incentives
Answers: 1
You know the right answer?
Acraftsman who makes guitars by hand finds that when he prices his guitars at $700 his annual revenu...
Questions
Questions on the website: 13722367