Assume the price elasticity of demand has an absolute value of 4 for a particular good this means that quantity demanded would increase by

4% for each 1% increase in price
1 unit for each 4$ increase in price
1% for each 4% increase in price
4 units for each 1$ increase in price

Match each of the terms below with an example that fits the term. a. fungibility the production of gasoline b. inelasticity the switch from coffee to tea c. non-excludability the provision of national defense d. substitution the demand for cigarettes

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

Myflvs -question 3 multiple choice worth 2 points)(10.04 hc)in panama city in january, high tide was at midnight. the water level at high tide was 9 feet and1 foot at low tide. assuming the next high tide is exactly 12 hours later and that the height of thewater can be modeled by a cosine curve, find an equation for water level in january for panamacity as a function of time (t).of(t) = 4 + 5of(t) = 5 cost + 4o 460) = 5 cos 1+ 4of(0) = 4 cos + 5