Call us 24/7: + 1(925)399 0085

Get your paper done by an expert

No matter what kind of academic paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcer. Save more time for yourself.

WhatsApp + 1(925)399 0085
$ 10
free
  • bibliography
  • title page
  • revisions
per page
19 k happy customers
4.7 out of 5 satisfaction rate
27 writers active

DENNISWRIGHT- Final Exam

      

 

Question 2.

Scenario 1: Toll rate in 2012: $10.00.  Toll rate in 2016: $22.50

For every 100 cars using the toll roads in 2012, only 81.6 cars will use the toll roads in 2016.

Scenario 2:
Toll rate in 2012: $10.00.  Toll rate in 2016: $17.50

For every 100 cars using the toll roads in 2012, only 96.2 cars will use the toll roads in 2016.

  • Using the midpoint formula, calculate the price elasticity of demand for Scenario 1 and Scenario 2. (15 points)
 
  • Assume 10,000 cars use California toll roads every day in 2012.  What would be the daily total revenue received for each scenario in 2012 and in 2016? (9 points)
 
  • Is demand under Scenario 1 and under Scenario 2 price elastic, inelastic, or unit elastic. Briefly explain. (6 points)

      

 

Question 3.

      

 

Question 4.

      

 

Question 5.

(a.) (15 points) If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above? Why? (Show all work.)

(b.) (15 points) What should be the production level if fixed costs rose to $50,000 per month? Explain.     

      

 

Question 6.

      

 

Question 7.

      

 

Question 8.

      

 

Question 9.

Our guarantees

Study Acers provides students with tutoring and help them save time, and excel in their courses. Students LOVE us!No matter what kind of essay paper you need, it is simple and secure to hire an essay writer for a price you can afford at StudyAcers. Save more time for yourself. Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Our Homework Writing Disciplines

With a highly diverse team in almost all academic fields including: