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

Author Question: When the price of pistachio nuts is 7.50 per lb. the quantity demanded is 48 lbs. When the price of ... (Read 36 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
When the price of pistachio nuts is 7.50 per lb. the quantity demanded is 48 lbs. When the price of pistachio nuts is 9.00 per lb. the quantity demanded is 40 lbs.
 
  When the midpoint formula is used to measure the price elasticity of demand we can say that the demand for pistachio nuts is
  A) completely inelastic. B) relatively, but not perfectly, elastic.
  C) unit elastic. D) relatively, but not perfectly, inelastic.

Question 2

In 2010, President Obama said that technological progress kills jobs. Recall that labor-saving technology substitutes for existing labor inputs and reduces the marginal product of labor.
 
  Taking the example of an ATM (Automatic Teller Machine), Obama said that the fact that ATMs have replaced tellers pointed to a structural problem in the economy. Is labor-saving technology necessarily a bad thing?
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


storky111

  • Member
  • Posts: 561
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue The first commercially successful typewriter, manufactured in quantity beginning in 1874, surely fue
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
Using a torque wrench to tighten connecting rod nuts on an engine. Using a torque wrench to tighten connecting rod nuts on an engine.
Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ... Many electronic components are used to construct a typical vehicle computer. Notice the quantity of ...
Real Price of Oil, 1861–2010 Real Price of Oil, 1861–2010
If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ... If the price charged for a candy bar is p(x) cents, then x thousand candy bars will be sold in ...
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library