Microeconomics

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Uploaded: 07.10.2016
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Objective 1
The price of beef at January 1 180 rubles per kilogram. The seller bought 20 kilograms of meat, the price elasticity of demand is 0.5. Let´s say, the next day the price rose by 25%, determine what will be the volume of demand? How to change the amount of revenue from the sale?

Objective 2
Student reading magazines and listening to music stored on tape. The table shows the utility he receives from consuming different numbers of journals and magazines. magazine price is $ 1.5 and tape the price -.. $ 7.5 Suppose that a student usually buys 2 cartridges and 10 magazines.

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