--%>
Assignment Help - homework help

Estimate price by price elasticity of unitary demand

At the point on the demand curve for RoboMaids where the price elasticity of demand is unitary, the price would be roughly: (i) $10,000, resulting in sales of roughly 16,000 robots monthly. (ii) $13,000, resulting in sales of approximately 13,000 robots per month. (iii) $16,000, resulting in sales of approximately 10,000 robots per month. (iv) $20,000, resulting in sales of about 6,000 robots per month. (v) $23,500, resulting in approximately 1,800 robots being sold each month.

1740_Elasticity and profit.png

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Resources-Intermediate Goods Can

    Can someone please help me in finding out the precise answer from the following question. Intermediate inputs into the production procedure would comprise: (1) Crude oil. (2) Tennis shoes. (3) Untreated water. (4) Flour.

    		•
  • Q : On which point demand appears to be

    On this demonstrated figure of demand curve for DVD games, demand appears to be approximately unitarily elastic at: (w) Q = O, P = $50. (x) Q = 10, P = $O. (y) Q = 5, P = $25. (z) No point on the demand curve.

    Q : Features of monopolistic competition

    Why Features of monopolistic competition is monopolist in nature? Answer: (a) Control over price (b) Downward sloping demand curve

    		•
  • Q : Capital resources Select which of the

    Select which of the following lists includes only capital resources (and therefore no labor or land resources)? 1) an ice arena; a professional hockey player; hockey uniforms. 2) the owner of a new startup firm; a chemistry lab; a researcher. 3) a hydroelectric dam; w

    		•
  • Q : Limitation of price elasticities of

    Price elasticities of supply and demand do NOT: (w) reflect desperation for goods and customers by buyers and sellers, respectively. (x) rise as the time period considered is expanded. (y) find out the economic incidence of a tax. (z) find out the leg

    		•
  • Q : Inferior Goods used in American family

    The most probable of the following to be an inferior good for most of the American families who buy some of each of such products would be: (i) Spam, that is a canned meat product. (ii) Plastic surgery. (iii) Concert tickets. (iv) Gasoline. (v) College textbooks.

    		•
  • Q : Market Power-Demand for Labor I have a

    I have a problem in economics on Market Power and the Demand for Labor. Please help me in the given question. The lack of competition in product market outcomes in: (1) Less labor being hired than when the markets were competitive. (2) Many labor bein

    		•
  • Q : Estimate income elasticity of demand

    When Y = income, that is the income elasticity of demand is approximately measured when the value of: (i) (% change in Q) / (% change in Y). (ii) ratio of the slopes of demand relative to supply. (iii) (% change in Q) / (% change in P). (iv) constant

    		•
  • Q : Use of Loren Curve A Lorenz curve can

    A Lorenz curve can be utilized to demonstrate the: (w) functional distribution of income. (x) income necessary to maintain specified living standards. (y) demand for low wage labor. (z) cumulative percentage of income received by cumulative percentage

    		•
  • Q : Definition of Craft Unions I have a

    I have a problem in economics on Craft Unions. Please help me in the following question. The craft union: (i) Is organized about a specific skill. (ii) Bargains for all the workers in a specific industry. (iii) Represents the workers, whereas an indus

    		•