Answer to Question #325027 in Microeconomics for mish

Question #325027

what are the formulas for rate of change and level of change?

Expert's answer

"Rate of change = \\frac{x_2-x_1}{y_2-y_1}"

"Level of change =x_2-x_1"

Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Assume that a consumer consumes two commodities X and Y and makes five combinations for the two comm
2. PROBLEM SET 2- PART 1Question 1 - Elasticity You are an analyst employed by a yacht manufacturer th
3. Lungameni Enterprises manufactures Product A selling it to local customers at a mark up of 25%. They
4. Suppose that the income elasticity of demand for potatoes is −0.5 and the cross-price elasticity o
5. 24 months calculationFrom this equation the expected sales for the next 12 months can be estimated
6. Explain the relationship between total revenue and the price elasticity of demand.
7. Which point depicts the monopoly equilibrium in the above figure? What will be the price charged and