--%>
Assignment Help - homework help

Estimate price by price elasticity of unitary demand

At the point on the demand curve for RoboMaids where the price elasticity of demand is unitary, the price would be roughly: (i) $10,000, resulting in sales of roughly 16,000 robots monthly. (ii) $13,000, resulting in sales of approximately 13,000 robots per month. (iii) $16,000, resulting in sales of approximately 10,000 robots per month. (iv) $20,000, resulting in sales of about 6,000 robots per month. (v) $23,500, resulting in approximately 1,800 robots being sold each month.

1740_Elasticity and profit.png

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Deadweight Losses and Taxation Whenever

    Whenever a tax on a good outcome less government revenue than the sum of the losses of producer and consumer surpluses due to tax, economists state that the tax has caused a/an: (1) Administrative loss. (2) Market failure. (3) Economic loss. (4) Bureaucratic loss. (5)

    		•
  • Q : Hicks Model of Bargaining The John

    The John Hick’s bargaining model recommends that the union wage demands and a firm's wage provide: (i) Might be so distinct that the management hires scabs. (ii) Are non-negotiable in the competitive environment. (iii) Become identical as the du

    		•
  • Q : Surviving for maximum profits in

    Supposing that the competitive firms should seek the maximum profits to survive signifies that: (1) Firm do not make trial-and-error decisions. (2) Each and every firm always seeks the maximum gain and nothing else. (3) Competition is very profitable.

    		•
  • Q : Complementary Goods-Purchasing goods

    Subsequent to Judith buys an American eagle shirt at the mall for 50 percent off, she purchases the matching purse, skirt and earrings. Such extra purchases are illustrations of: (i) Complementary goods. (ii) Substitute goods. (iii) Numbers and ages of the buyers. (iv

    		•
  • Q : Blacklisting-Labor history Can someone

    Can someone please help me in finding out the accurate answer from the following question. Firms which colluded by circulating the names of the union organizers and hence they would have difficulty getting jobs were engaged in a now-illegal practice termed as: (1) Fea

    		•
  • Q : Production Costs in generating goods

    Production possibilities frontiers be inclined to concave (or bowed out) from the origin as: (1) goods differ in their capacities to gratify individual needs. (2) A land, labor and capital mix is needed for all the production. (3) People vary in their

    		•
  • Q : Demand curves rightward of potential

    Monopolistically competitive firms advertise in try to shift their: (1) own supply curves leftward. (2) competitors' costs upward. (3) existing customers' demand curves leftward. (4) tax burdens to resource suppliers. (5) potential customers' demand c

    		•
  • Q : Adverse Selection problem I have a

    I have a problem in economics on Adverse Selection problem. Please help me in the following question. When Sally Sleaze sells Terry Tonedeaf a low quality boom-box by advertising it as ‘top of the line’, there is a trouble of: (i) Irrational ignorance. (ii

    		•
  • Q : Calculating accounting profits The firm

    The firm has $70,000 in implicit costs, and the economic profit of $40,000. This firm’s: (i) Explicit cost equivalent $30,000. (ii) Accounting profits equivalent $110,000. (iii) Normal gain equivalents $40,000. (iv) Explicit costs equivalent $110,000.

  • Q : Effects when rental price and quantity

    When the rental price of DVDs start from $2.50 to $.99 and the quantity demanded raises from 510 to 820 in that case the price elasticity of demand to rent DVDs is: (w) perfectly elastic. (x) perfectly inelastic. (y) relatively elasti

    		•