--%>

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 : Funding crisis The Social Security

    The Social Security program in the United States faces a long-term funding crisis because: 1) the Social Security trust fund was exhausted in the year of 2002. 2) the number of retirees receiving benefits is rising more rapidly than the number of workers paying payrol

  • Q : Saving and Investment Lowered interest

    Lowered interest rates since households have determined to save more tend to: (1) give incentives for financial investors to switch by stock to bonds. (2) reduce the optimal level of economic investment. (3) discourage investments in new residential c

  • Q : Market Power and Monopsony Power-

    Assume that a firm with market power in the output market wants to develop and that hiring more workers needs it to raise salaries 8 percent for all the workers. Output prices will most likely: (i) Increase 8 percent to cover the wage rise. (ii) Increase less than 8 p

  • Q : Lowering price of units selling A

    A monopolist which does not price discriminate faces a marginal revenue curve which slopes down quicker than its demand curve since: (w) economies of scale are significant. (x) selling more needs lowering the price of

  • Q : Prohibition in Pure Economic Profits

    Pure economic profits are NOT: (w) normal costs of production. (x) reduced to “normal” levels in long-run pure competition. (y) zero in long run monopolistic competition. (z) possible under pure competition in the short-run.

  • Q : Problem on fast food chains market

    Normal 0 false false

  • Q : Higher price at slope of the demand

    When the slope of the demand for wheat is ten, we can predict now that a higher price of wheat will be as: (w) increase total expenditures on wheat. (x) reduce total expenditures on wheat. (y) not influence total expenditures on wheat. (z) More information is required

  • Q : Define Producers Equilibrium Producer’s

    Producer’s Equilibrium: A producer (or a firm) is said to be in equilibrium whenever it earns maximum gains. Profit maximization of a firm signifies maximizing the difference between total cost and total revenue. Whenever the gains of the firm a

  • Q : Revenue receipts treated as legally

    Which kind of revenue receipts are considered as legally compulsory payment imposed on people by the government? Give illustration also. Answer: Taxes imposed on th

  • Q : Can GNP be more than GDP Can GNP be

    Can GNP be more than GDP? Answer: Yes, GNP can be greater or more than GDP if NFIA is positive.