you are given demand and supply schedule o burgers. where px is the price of a burger in rupees , QDX is the quantity demand and QSX is the quantity supplied.
px 100 200 300 400
QDX 1100 900 700 500
QSX 50 250 450 650
When the price of a product increases by 5% and the quantity demanded of the product changes from 1 500 to 1 200, what is the price elasticity of demand of the product? (Ignore the negative sign and round off to 2 decimal places)
The Extraordinary Manufacturing Company has established that the relationship between sales price for one of its products and the quantity sold per month is approximately 3D=1680-39p units. The fixed cost is P1500 per month, the variable cost is P45 per unit produced.
Which industry is most likely to be operated as a monopoly and why?
1. Is it reasonable to expect firms to take actions that are in the public interest but are detrimental to stockholders? Is regulation always necessary and appropriate to induce firms to act in the public interest? Substantiate with real world examples
Describe the nature of the goods produced by a monopolistically competitive firm.
May i please have a more detailed explanation, the question is 15 marks.
Expalin how influence market /price regarding the surgeon general announce that eating oranges lowers the risk of heart attack