Selling price by price elasticity of unitary demand

At the point upon the demand curve for Silver Screen Classic DVDs, here the price elasticity of demand is unitary, the price would be approximately: (i) $10, resulting in roughly 8 million DVDs being sold. (ii) $13, resulting in approximately 6.5 million DVDs being sold. (iii) $16, resulting in about 5 million DVDs being sold. (iv) $20, resulting in around 3 million DVDs being sold. (v) $23.50, resulting in approximately 1million DVDs being sold.

1624_maximize profit.png

How can I solve my Economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Maximizing utility from consumption of

Given that a MU of French fries of 35 utils and a MU for serving of potato chips at 25 utils, when their respective prices are $1.50 and $.80, the person who wants to maximize utility from the consumption of both of such goods would consume: (i) The similar amount of

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 : Opportunity Cost to the User An

An opportunity cost to the user, although not to society as an entire, which would be the: (w) accounting profits realized by a firm of CPAs. (x) interest paid by a borrower for a bank loan. (y) rent paid by a sharecropper to a plantation owner. (z) m

Q : Estimate federal poverty rate The

The federal poverty rate computed by the Bureau of the Census is the: (w) ratio of poverty income to the average income. (x) number of persons below the poverty line. (y) percentage of persons below the poverty line. (z) official defi

Q : Price ceiling If the government puts a

If the government puts a rent ceiling of $650 a month, what is the rent paid and how many rooms are rented? Explain why?

Q : Lowest price in shopping for expected

Consumers shop for the lowest price probable for a good only till the expected benefits of shopping no longer go beyond the expected: (w) maximum legal prices for the good. (x) prices available in the black market. (y) transaction costs related with a

Q : Proprietorships and corporations I have

I have a problem in economics on Proprietorships and corporations. Please help me in the following question. Most of the firms in United States are organized as ________, however two-third of all gain is received by the _________. (1) Corporations; restricted partners

Discover Q & A

Leading Solution Library

Avail More Than 1443852 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1924724
Asked

3,689

Active Tutors

1443852

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment