Price Quantity Demanded $40 10 $35 15 $30 20 $25 25…

Price Quantity Demanded $40 10 $35 15 $30 20 $25 25 $20 30 Using the midpoint formula and the demand schedule above to answer the following question. Round your answer to the nearest hundredth (0.00) and do not include the negative sign (-). Going from a price of $35 to a price of $30, the elasticity coefficient is? 

EconWithAndy produces and sells econ tutorials. Last year, i…

EconWithAndy produces and sells econ tutorials. Last year, it produced 9,000 tutorials and sold each one for $8. To produce the 9,000 widgets, the company incurred variable costs of $27,000 and a total cost of $36,000. EconWithAndy’s average fixed cost to produce 9,000 widgets was

Assume that the demand for a product is given by the equatio…

Assume that the demand for a product is given by the equation: The demand equation is:P = 100 – 5Qd The supply equation is:P = 20 + 5Qs Using the equilibrium condition  solve the equations to find the equilibrium price. Enter you answer as to the nearest hundredth (0.00) number with no annotations