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Author Question: When the price of pistachio nuts is 7.50 per lb. the quantity demanded is 48 lbs. When the price of ... (Read 28 times)

storky111

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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?
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mohan

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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.
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storky111

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Reply 2 on: Jun 29, 2018
Wow, this really help

kthug

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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