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

Author Question: When the price of milk is 3 per bottle, Steve purchases 20 bottles of milk. When the price increases ... (Read 118 times)

appyboo

  • Hero Member
  • *****
  • Posts: 527
on: Jun 29, 2018
When the price of milk is 3 per bottle, Steve purchases 20 bottles of milk. When the price increases to 6, Steve's consumption falls to 15 bottles. Steve's arc elasticity of demand for milk is:
 
  A) -0.25.
  B) -0.43.
  C) -0.50.
  D) -0.75.

Question 2

________ are the portion of claims that policyholders must pay for out of their own pockets.
 
  A) Dividends
  B) Tokens
  C) Coupons
  D) Deductibles


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


appyboo

  • Member
  • Posts: 527
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Atmospheric pressure decreases as altitude increases. Atmospheric pressure decreases as altitude increases.
Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro Arctic and alpine cushion plant form and orientation increases heat gain from sunlight and the surro
Water-bottle Water-bottle
The proportion of men and women with elevated blood pressure or taking hypertension medication incre The proportion of men and women with elevated blood pressure or taking hypertension medication incre
Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ... Gently squeeze/milk the arm with twisting motion. With oil or lotion on hands, use gentle but firm ...
The Many Sizes of Soft Drinks A bottle or can of soda can provide from 6 to 17 teaspoons of added The Many Sizes of Soft Drinks A bottle or can of soda can provide from 6 to 17 teaspoons of added
Video: Sperm Formation

For a complete list of videos, visit our video library