Economics Homework Assignment 4 Eco321 Assignment

500 words - 2 pages

Susan Lu
1.
a) The damaged supply crop shifts the supply to the left because now suppliers must charge a
higher price for their products, as a result equilibrium quantity decreases
b) Assuming sweatshirts are substitutes for leather jackets, the demand curve shifts left,
resulting in a lower quantity demanded for sweatshirts, and the equilibrium price falls.
c) Students will have a higher demand for sweatshirts after the attire mandate. The demand
curve shifts to the right, increasing the quantity demanded, and driving up equilibrium price.
d) Newer technology will drive the supply curve down, decreasing the equilibrium price and
increasing equilibrium quantity

Susan Lu
2.
a) Inverse function: P = 40-Q/30
b)
c) Use the midpoint formula (“arc elasticity”) to calculate the elasticity between points A and B,
and between points C and D. Explain the pattern that emerges.
3. Q = 6000 - 0.5Px - Py +9Pz + 0.1M
Py=6500
Pz=100
M=70000
a) Y and Z are substitutes because they have opposing signs in the equation
b) X is normal
c) If Px = 5230, Q = 6000-.5(5230)-6500+9(100)+.1(70000) = 4785
d) Px = 12000 - 2Qx - 2Py + 18Pz + M/5
4. Qx = 1200 - 3Px - 0.1Pz
Pz=300
a)
P1=140, Q1=750
P2=150, Q2=720 Elasticity [-30/(720+750)2]/[10/(140+150)/2]
Elasticity: -0.5918; inelastic.
If the firm charged a price below 140, the revenue would increase but at a lower percentage
than which the price decreased, because this good is inelastic so...

Other Essays On Economics homework assignment 4 - ECO321 - Assignment

Managerial Economics - Demand vs Supply - Monroe College - Assignment

957 words - 4 pages WEEK – 3 HOMEWORK ASSIGNMENT Q 2) Good X is produced in a competitive market using input A. Explain what would happen to the supply of good X in each of the following situations. a. The price of input A decreases. 1. Draw the demand and supply curves. Label each curve and identify the initial points (D0, So, E0, P0 and Q0). 2. Now, show which curve (demand or supply) will be affected if the input cost of A decreases and why? Is it the demand or

Homework Assignment from School - UCLA - Assignment

468 words - 2 pages homework question. Think about how you can attach the smaller tree to the bigger tree in the “right” place. Then, try to fix the 2-3 tree properties.) 1 ttyy2 Sticky Note https://www.chegg.com/homework-help/questions-and-answers/prove-number-keys-stored-2-3-tree-height-h--q26754801 ttyy2 Sticky Note https://courses.csail.mit.edu/6.046/spring04/handouts/ps5-sol.pdf page 2 ttyy2 Sticky Note http://ranger.uta.edu/~weems/NOTES2320/hwNotes5.7.ans.pdf ttyy2

Economics, microeconomics, macroeconomics - Deakin - Assignment

1748 words - 7 pages [cover page] ECOM4000 ECONOMICS Part A – Microeconomics Question 1: Based on the article of King (2013), it appears that the Australian banks have been operating in an oligopoly market. This is because the market is dominated by four biggest banks, namely Commonwealth Bank, Westpac, ANZ and NAB (King, 2013; McConnel et al., 2012, pp. 223-224). According to the Parliament of Australia’s report (2010, p. 42), the Big Four banking institutions

Homework Assignment Professor Hahn Crmj254 - criminal justice 254 - homework

667 words - 3 pages Homework #2 Abisola Animasahun Criminal Justice 254 Professor Hahn Towson University 3/25/2018 I choose to discuss the importance of our 4th amendment rights. The 4th amendment is “freedom from unreasonable search and seizures.” This amendment is very important because it denies police officers the right to search our houses and our property if they do not have a warrant. Even if they have a “mere suspicion, probable cause or good faith feeling

A homework assignment for cutlass graphs - WBHS - Homework

446 words - 2 pages The Relationship between Stopping Distance and Speed for a Motorcycle St o p p in g d is ta n ce Initial speed (m ) (kilometres per hour) + + + + + + 100 80 60 40 20 0 60 40 20 0 The Relationship between Stopping Distance and Speed for a Motorcycle St o p p in g d is ta n ce Initial speed (m ) (kilometres per hour) 100 80 60 40 20 0 60 40 20 0 The Relationship between Stopping Distance and Speed for a Motorcycle St o p p in g d is ta n ce Initial

CELTA assignment 4 lessons from the classroom - CELTA COURSE FULL TIME - CELTA

1074 words - 5 pages Sarah Rees Assignment 4: Lessons from the Classroom Aim To encourage you to reflect both on yourself as a teacher and on the methods and techniques you have been using in your teaching, and to develop a realistic action plan for your further development after the course. Part One Five weeks is a very short time to learn something, but I have really learnt a lot on this course. At the beginning of this course, I thought it was tough and

Chopin Romantic Era Composer Paper - Music Appreciation - Homework Assignment

750 words - 3 pages piano. This in of itself is very challenging for many pianists, and it is very difficult to play that quickly on the black keys. 4. Choose a composer from the list below whose music you may not have enjoyed.  Discuss why their music did not appeal to you using musical terms.  A composer who was a romantic was the Frenchmen, Hector Berlioz. As a composer he was a perfectionist and fell in love with many women. However, when it comes to his music

homework assignment- test answers - curtin uni BCOM - test

3644 words - 15 pages to “Enter a return.” Both the “Enter receipt of inventory” and the “Enter a return” also include the “Update quantity on hand.” Thus the “Update quantity on hand” use case can be invoked directly by the Receiving dock clerk, or by three other use cases. 4. Given the following narrative, do the following: a. Develop an activity diagram for each scenario. b. Complete a fully developed use case description for each scenario. Quality Building

English homework about quotations from a reading - SDSU - assignment

896 words - 4 pages Andrea Floyd ENG 306A Galbraith Close Reading of Little Red Riding Hood Version One: The Story of Grandmother “The little girl enjoyed herself picking up needles. Meanwhile the bzou arrived at her grandmother's, killed her, put some of her flesh in the pantry and a bottle of her blood on the shelf. The girl arrived and knocked at the door. “ I found the word choice to be very strange. I asked myself why are the two roads distinct between Needles

Summer homework for AP Human GEo - APHG - assignment

534 words - 3 pages English One Summer HomeworkNader Abdalla 8/10/2018 And then there were none Vera Claythorne Q- Did Emily Brent’s confession first on having an impact on the death of her servant, Beatrice Taylor, change how you saw her in any way, did you suspect that she was the killer? A- Her confession affected me greatly, I did not believe how a person so religious, conservative as Emily simply put the blame past her, but at the time, I did not suspect that

Chapter 25 homework accounting II - Hunter College - assignment

714 words - 3 pages Dizaida Sanchez Chapter 25 Homework 1. Capital budgeting decisions require careful analysis because they are generally the most difficult and risky decisions that management faces. 2. Capital budgeting is the process of planning the acquisition or sale of plant assets. 3. Capital budgeting decisions are risky because: (1) the outcomes are uncertain, (2) large amounts of money are usually involved, (3) the investment involves a long-term

Similar Papers

Economics Homework Assignment #3 Metropolitan State University Denver Economics Homework

4844 words - 20 pages Economics 101 Fall 2014 Answers to Homework #3 Due 10/30/14 Directions: The homework will be collected in a box before the lecture. Please place your name, TA name and section number on top of the homework. Write legibly throughout the whole homework. Make sure you write your name as it appears on your ID so that you can receive the correct grade. Please remember the section number for the section for which you are registered, because you will

Fye Homework Reflection Assignment Fye Intro To Science Assignment

413 words - 2 pages /questions correspond to what information/ideas you note. 3. Please do not just list terms – you must explain the ideas you write down, or at least have a corresponding thought indicating that you do not understand it (simply recognize that something is important does not automatically mean that you understand it). 4. Make sure you write something substantive in each section – no blank sections allowed. 5. Make sure you take notes on the entire chapter

Network And Security Homework 1 George Mason University Assignment

657 words - 3 pages MIS 320 – 004 HW Assignment #1 1. As related to networking, what are protocols? In short, network protocols are the rules for communications between them. The long definition is Network protocols are formal standards and policies comprised of rules, procedures and formats that define communication between two or more devices over a network. 2. What are the two parts of a MAC address? The two parts of the mac address are, Organizational

Economics Company Examination Online Business High School Assignment

561 words - 3 pages Assignment 1 (20 points) Assignment 1: Economics Instructions Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment