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Explain the elastic ,inelastic and unit elasticity and draw the graphs? How the concept of elasticity is helping for agriculture sector and for tar collection authorities?
A 10percent decreases in income decreases the quantiy demanded of blue ray disc by 5 percent find the income elasticity of demand for blue ray disc
A 10percent decreases in the price of dominos pizza decreases the demand for hamburger by 50 percentfind out the cross elasticy of demand between dominos pizza and hamburger
A 10percent decreases in the price of dominos pizza decreases the demand for hamburger by 50 percent. find out the cross elasticy of demand between dominos pizza and hamburger
A farmer has 50 hectares of land and 120 hours of labour. He can produce either maize or soyabeans. It takes an acre of land and 3 hours of labour to produce an acre of maize. A hectare of maize costs R154,00 to produce. It yields 7,5 tonnes per hectare, and as a consequence it generates a net profit of R56,00 per hectare. On the other hand, if a farmer produces soyabeans, it takes an acre of land and 2 hours of labour to produce an acre of soyabeans. It costs R133,00 to produce an acre of soyabeans. An acre of soyabeans yields 30 tonnes and generates a profit of R47,00 per acre. Using LP, determine the combination of activities which will maximize profits for the farmer.
Formulate a linear programming model for this problem
Assume that the total revenue of 3 units of a commodity is Birr 24, and
the marginal revenue of the 4th unit is Birr 4. Calculate the average
revenue of 4 units
If the total revenue of 7 units of a commodity is Birr 40 and the average
revenue of 8 units is Birr 5, what is the marginal revenue of the 8th
unit?
The TU of first five breads consumed is 4, 10, 15, 18 and 16 one after
the other which of the following is true?
Suppose the average product of 6 workers is 150 units of a good and
that of 7 workers is 170 units. The MP of the seventh worker equals:
Qd=60-2Px+0.01M+7Pr
#339914 on Dec 2023