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

Author Question: Specialty chocolate bars with a high cocoa content have been drawing a lot of attention in gourmet ... (Read 63 times)

evelyn o bentley

  • Hero Member
  • *****
  • Posts: 564
on: Jun 29, 2018
Specialty chocolate bars with a high cocoa content have been drawing a lot of attention in gourmet circles in 2008 but the price of cocoa beans has increased more than 44 percent in this time period.
 
  In response to the increase in the price of cocoa beans, Rogue Chocolatier has increased the price of their gourmet chocolate bars by 20 percent. Rogue observes the quantity of their bars sold decreased by 15 percent. Based on this news clip, what does the price elasticity of demand for gourmet chocolate bars equal? A) 0.75
  B) 1.25
  C) 1
  D) 0.66

Question 2

The table above describes the market for paper. The production of paper produces pollution. There are no external benefits. What is the quantity produced if the market for paper is unregulated?
 
  A) 10 tons per week
  B) 60 tons per week
  C) 40 tons per week
  D) 30 tons per week


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

firehawk60

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


evelyn o bentley

  • Member
  • Posts: 564
Reply 2 on: Jun 29, 2018
Gracias!

FergA

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

A schematic drawing of the same memory saver. A schematic drawing of the same memory saver.
Reconstruction Drawing of the Giza Plateau Seen from Above Reconstruction Drawing of the Giza Plateau Seen from Above
Chocolate Blog Title Chocolate Blog Title
"No Oven Needed" Energy Bars Try this recipe as an inexpensive alternative to commercial ... "No Oven Needed" Energy Bars Try this recipe as an inexpensive alternative to commercial ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Airplane kids drawing SK Airplane kids drawing SK
Video: Role of complement proteins

For a complete list of videos, visit our video library