$MathMaster logo$

MathMaster

Home
general
1 suppose we have a good whose quantity supplied changed from 100 to 120 units when the price increased from 10 to 12 per

Question

1. Suppose we have a good whose quantity supplied changed from 100 to 120 units when the price increased from $10 to $12 per unit. Compute the price elasticity of supply using the midpoint method

229

likes

1145 views

Answer to a math question 1. Suppose we have a good whose quantity supplied changed from 100 to 120 units when the price increased from $10 to $12 per unit. Compute the price elasticity of supply using the midpoint method

$Expert avatar$

4.6

109 Answers

mid point elasticity of supply=((Q2-Q1)/(Q2+Q1)/2)/(P2-P1)/((P2+P1)/2) =(20/115)/(2/(11/2)) =0.478

Frequently asked questions (FAQs)

Math question: What is the derivative of f(x) = 5x^3 - 2x^2 + 7x - 1 using the basic rules of derivatives?

+

What is the equation of the ellipse with a major axis of length 6 and a minor axis of length 4?

+

What is the product of (3+4i) and its complex conjugate?

+

New questions in Mathematics

Using a remarkable product you must factor the expression: f(x) =36x^2-324 and you are entitled to 5 steps

The gross domestic product the gdp for the United States in 2017 was approximately $2.05x10^3. If you wrote this number in standard notation , it would be 205 followed by how many zeros

Write 32/25 as a percent

The beta of a company is 1.51 while its financial leverage is 27%. What is then its unlevered beta if the corporate tax rate is 40%? (4 decimal places)

You have been hired to estimate the average weight of quarters in circulation. Based on the sample of quarters you collect (below), create a 90% confidence interval for the weight of quarters in circulation. Quarter Weights (grams) 5.631 5.714 5.719 5.689 5.551 5.723 5.705 5.627 5.627 5.715 5.576 5.632 5.641 5.676 5.660 5.699 5.609 5.634 5.713 5.591 5.674 5.675 5.684 5.694 5.655 5.632 5.598 5.675 5.628 5.562 5.636 5.583 5.567 5.551 5.649 5.708 5.696 5.614 5.637 5.601 5.628 5.711 5.566 5.653 5.653 5.597 5.687 5.717 5.678 5.654 5.556 5.707 5.563 5.628 5.679 5.714 5.555 5.719 5.634 5.647 5.717 5.612 5.705 5.657 5.670 5.607 5.687 5.666 5.612 5.718 5.714 5.713 5.663 5.641 5.589 5.656 5.712 5.639 5.577 5.580 5.674 5.636 5.625 5.597 5.616 5.591 5.616 5.700 5.706 5.695 5.562 5.699 5.607 5.573 5.659 5.632 5.654 5.568 5.628 5.687 5.605 5.689 5.687 5.554 5.618 5.701 5.681 5.645 5.714 5.665 5.661 5.634 5.714 5.586 5.656 5.673 5.657 5.717 5.611 5.578 5.579 5.614 5.644 5.724 5.647 5.566 5.697 5.558 5.586 5.586 5.611 5.573 5.573 5.709 5.629 5.649 5.552 5.615 5.645 5.611 5.686 5.588 5.641 5.704 5.703 5.696 5.557 5.551 5.725 5.608 5.725 5.603 5.677 5.638 5.573 5.640 5.561 5.631 5.563 5.671 5.662 5.569 5.648 5.680 5.681 5.551 5.555 5.578 5.701 5.645 5.670 5.574 5.594 5.705 5.633 5.719 5.680 5.647 5.641 5.553 5.616 5.698 5.552 5.566 5.559 5.697 5.686 5.560 5.629 5.701 5.622 5.615 5.553 5.608 5.637 5.663 5.696 5.714 5.675 5.613 5.594 5.669 5.569 5.716 5.705 5.603 5.709 5.717 5.606 5.581 5.575 5.601 5.600 5.664 5.715 5.705 5.583 5.586 5.592 5.550 5.628 5.662 5.603 5.559 5.676 5.558 5.678 5.671 5.642 5.581 5.568 5.706 5.665 5.712 5.574 5.602 5.699 5.716 5.693 5.711 5.635 5.612 BLANK #1: Is this a question involving mean or proportion? ***ANSWER "MEAN" OR "PROPORTION" (WITHOUT THE QUOTATION MARKS)*** BLANK #2: What is the LOW end of the estimate ***ANSWER TO 3 DECIMALS*** BLANK #3: What is the HIGH end of the estimate ***ANSWER TO 3 DECIMALS***

Clara usually walks briskly to the farmers' market and it takes her 22 minutes. Today she walked leisurely and it took 61/2 minutes. How much more time than usual did she take to reach the market today?

A pair of die is thrown and the absolute difference of the two scores is recorded. What is the probability of the absolute difference being 4 or more?

solve for x 50x+ 120 (176-x)= 17340

Suppose you have a sample of 100 values from a population with mean mu = 500 and standard deviation sigma = 80. Given that P(z < −1.25) = 0.10565 and P(z < 1.25) = 0.89435, the probability that the sample mean is in the interval (490, 510) is: A)78.87% B)89.44% C)10.57% D)68.27%

show step by step simplification: (¬𝑑∨((¬b∧c)∨(b∧¬c)))∧((𝑎 ∧ 𝑏) ∨ (¬𝑎 ∧ ¬𝑏))∧(¬𝑐∨((¬𝑑∧𝑎)∨(𝑑∧¬𝑎)))

A warehouse employs 23 workers on first shift, 19 workers on second shift, and 12 workers on third shift. Eight workers are chosen at random to be interviewed about the work environment. Find the probability of choosing exactly five first -shift workers.

28 is 92 percent of what?

The probability of growing a seedling from a seed is 0.62. How many seeds do I need to plant so that the probability of growing at least one seedling is greater than or equal to 0.87?

Your grandfather has run a small high street pharmacy for 40 years. After much persuasion, he has agreed to open a digital store online. List 5 potential ways to improve sales and/or margins by having a digital pharmacy through the utilisation of historic or new sales data.

During a month's time, an automobile sales person receives a 6% commission on the first $5000 in sales, a 7% commission on the next $5000 sales, 8% commission on anything over $10,000. What is her commission for $36,000 in sales?

Calculate the change in internal energy of a gas that receives 16000 J of heat at constant pressure (1.3 atm) expanding from 0.100 m3 to 0.200 m3. Question 1Answer to. 7050J b. 2125J c. None of the above d. 2828J and. 10295 J

A given initial capital in simple interest at the annual rate and for 27 months produced the accumulated capital of 6600 um if the same capital had been invested at the same rate but during 28 months the said accumulated capital would be increased in an amount corresponding to 0.75% of the initial capital Calculate the initial capital and the annual rate at which it was invested

Oi👋🏻 Toque em "Criar Nova Tarefa" para enviar seu problema de matemática. Um dos nossos especialistas começará a trabalhar nisso imediatamente!

Dano forgot his computer password. The password was four characters long. Dano remembered only three characters: 3, g, N. The last character was one of the numbers 3, 5, 7, 9. How many possible expansions are there for Dano's password?

Solve the system of equations by the addition method. 0.01x-0.08y=-0.1 0.2x+0.6y=0.2