Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

the fully allocated cost of a product is $10. If the price elasticity of demand for the product is -2, then the firms optimal markup is

a. 10%

b. 100%

c. 200%

d. 300%

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9464902

Have any Question?


Related Questions in Microeconomics

Question improved methods of inventory control were

Question: Improved methods of inventory control were supposed to reduce fluctuations in inventory stocks. It is clear that these methods have helped reduce the equilibrium inventory/sales ratios in both the manufacturing ...

Question assume that sunshine realty co borrowed 300000

Question: Assume that Sunshine Realty Co. borrowed $300,000 from Columbia First Bank and Trust. In recording the transaction, Sunshine erroneously recorded the receipt as a debit to Cash, $300,000, and a credit to Fees E ...

Question if the fed were to pursue an easy-money policy

Question: If the Fed were to pursue an easy-money policy (lower interest rates) why would we expect this to stimulate investment demand? Are there limits to the power of an "easy money" policy; are we in a period now whe ...

Question many studies have shown that our sensory detection

Question: Many studies have shown that our sensory detection abilities decline as we grow older. Discuss the implications of the absolute threshold for marketers attempting to appeal to the elderly. The response must be ...

Question omg inc has 4 million shares of common stock

Question: OMG Inc. has 4 million shares of common stock outstanding, 3 million shares of preferred stock outstanding, and 5,000 bonds. Suppose the common shares are selling for $30 per share, the preferred shares are sel ...

Qestion marty mcflys utility function is given by ul c

Question: Marty McFly's utility function is given by U(L, C) = C(L+8). There are 24 hour in a day. His wage is $10/hr. and he has $20 non-labor income. a. Find the budget constraint and then the optimal number of hours h ...

Question in addition to economic benefits regional economic

Question: In addition to economic benefits, regional economic integration produces political benefits. By fostering close economic ties between nations, regional economic integration helps foster peace, as illustrated by ...

Question in the late 1990s dr chris sarra became the first

Question: In the late 1990s, Dr Chris Sarra became the first Aboriginal principal of Cherbourg State School where he made significant changes to the way that Indigenous students experienced education. Dr Sarra challenged ...

Question the utility function that jane receives by

Question: The utility function that Jane receives by consuming food and clothing is given by U= F*C. 1) In a diagram, draw the indifference curves associated with utility levels of 12 and 24 (measure clothing along the h ...

Question why do you think the japanese government permitted

Question: Why do you think the Japanese government permitted the to become so overvalued in the first half of the 1990s? Do you think they could have done anything about it? When the turnaround finally did occur, the fel ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As