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.

View Complete Question

Related Questions in Microeconomics

Q : Substitution effect on supply curves

One of the reasons for positive relationship among relative price and quantity supplied is the: (1) Technology effect, whereby bigger firms generate at lower average costs than the smaller firms. (2) Substitution effect, whereby firms switch among for

Q : Middle relative income define by Census

The Department of the Census defines middle relative income as experienced while a family: (w) has adequate income to buy the fundamental food clothing and shelter required for survival. (x) would like to enhance their personal welfar

Q : Monopolistic competition in market power

A firm which has some market power but for that long-run profit is prevented by freedom of entry and exit is engaged within: (1) pure monopoly. (2) pure oligopoly. (3) monopolistic competition. (4) socially responsible behavior. (5) pure competition.<

Q : Founder of Utilitarianism I have a

I have a problem in economics on Founder of Utilitarianism. Please help me in the following question. The utilitarianism founder in England was: (i) Rupert Brooke. (ii) Jeremy Bentham. (iii) Thomas Dewey. (iv) John Stuart Mill. (v) Adam Smith.

Q : Output produces by monopolistic

This monopolistic competitor generates Q0 output where is: (1) MR = MC. (2) MSB > MSC. (3) average cost is not minimized. (4) P = ATC. (5) All of the above.

Q : Example of Featherbedding Assume that

Assume that no job vacancies exist for the taxidermists, which students lack any interest in taxidermy, and that taxidermy produces no externalities. When lobbyists persuaded college Boards of Trustees to need taxidermy courses and to establish Departments of Taxiderm

Q : Corporate Taxes-Disadvantages of a

One of the major disadvantages of the corporation is: (i) Double taxation of its gains. (ii) Its incapability to outlive the death of an owner. (iii) Its unlimited liability. (iv) Its inability to increase the financial resources.

Q : Market demands in short run Can someone

Can someone please help me in finding out the accurate answer from the following question. In short run, the market demands are: (1) Stimulated if resource costs increase. (2) Simply estimated employing aggregate data. (3) Positively associated to the

Q : Surety of good market information for

The assumption about buyers and sellers has good market information makes sure that they: (w) know everything. (x) never make errors. (y) can foretell the future. (z) won’t pay more than they have to, or sell for less than the market price.

Q : Market experience increases in quantity

When equilibrium moves from point a to point b, the merely market experiencing raise within quantity supplied is demonstrated into: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

Discover Q & A

Leading Solution Library

Avail More Than 1422086 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1921800
Asked

3,689

Active Tutors

1422086

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment