This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Ingrid's Ice cream Parlor has an own price elasticity of 5 . It has an approximate share of 10 in ... (Read 118 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jul 1, 2018
Ingrid's Ice cream Parlor has an own price elasticity of 5 . It has an approximate share of 10 in the market for ice cream. What is the aggregate own price elasticity of the market?
 a. 0.1
  b. 0.5
  c. 0.7
  d. 1

Question 2

What is the Nash equilibrium of the game?
 a. Low, Low
 b. Low, High
 c. High, Low
 d. High, High


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tmlewis4706

  • Sr. Member
  • ****
  • Posts: 295
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


stephzh

  • Member
  • Posts: 556
Reply 2 on: Jul 1, 2018
Wow, this really help

adf223

  • Member
  • Posts: 304
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Ice Cream Ice Cream
Vaginal drug administration: (b) using an applicator to instill a vaginal cream Vaginal drug administration: (b) using an applicator to instill a vaginal cream
Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism In 1839 Mary Cragin, at the age of twenty-nine, became a convert to John Humphrey Noyes’s “communism
People who share genes will often have similar body weights People who share genes will often have similar body weights
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: How proteins function? How do proteins work?

For a complete list of videos, visit our video library