Suppose you are given the following data on demand for a product.
price quantity demanded
$10 30
$9 40
$8 50
$7 60
$6 70
the price elasticity of demand (based on the midpoint formula) when price increases from $7 to $9 is
a. 63.
b. 1.16.
c. 1.60.
d. 2.27.

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

In microeconomics, the point at which supply and demand meet is called the blank price