If a firm supplies 200 units at a price of $50 and 100 units at a price of $40, using the midpoint method, what is the price elasticity of supply?
A) 0.33
B) 1.00
C) 3.00
D) 5.00
E) 8.50
C
Economics
You might also like to view...
The Millennium Development Goals indicate that
a. extreme poverty can only be eliminated by introducing democratic norms. b. the alleviation of extreme poverty is a moral responsibility that cannot be ignored. c. foreign direct investment actually ends up increasing global poverty. d. there is little evidence that institutionalized programs reduce global poverty.
Economics
Compare the characteristics of loans and marketable securities in terms of liquidity, risk, and information costs
What will be an ideal response?
Economics