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

Author Question: Assume that the demand curve for a commodity is represented by the equation Q = 25 - 1.3P. Calculate ... (Read 45 times)

silviawilliams41

  • Hero Member
  • *****
  • Posts: 560
on: Jun 30, 2018
Assume that the demand curve for a commodity is represented by the equation Q = 25 - 1.3P. Calculate the change in total spending for this commodity when price falls from 4.50 to 4.20.
 a. Total spending rises by 4.11.
  b. Total spending declines by 4.11.
  c. Total spending declines by 8.20.
  d. Total spending rises by 8.20.

Question 2

The accounting profit of a business firm is also called:
 a. royalty income.
  b. net income from equity.
  c. compensatory income.
  d. windfall gain.
  e. net operating income.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ahernandez18

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

e


silviawilliams41

  • Member
  • Posts: 560
Reply 2 on: Jun 30, 2018
:D TYSM

mcabuhat

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

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.

Body plan of a crustacean, as represented by a shrimp Body plan of a crustacean, as represented by a shrimp
The oxygen isotope curve illustrates the ratio between 16O and 18O. The oxygen isotope curve illustrates the ratio between 16O and 18O.
How to calculate present value (Question 3) How to calculate present value (Question 3)
Dose-response curve with threshold Dose-response curve with threshold
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ... The line with the equation y=5x+12 intersects the parabola with equation y=xsqared+7x-3 at the ...
Video: Steps of glucose catabolism

For a complete list of videos, visit our video library