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The different between point elasticity and arc elasticity What problem can arise in the calculation of latter ang how its usually dealt it?
Point elasticity measures the responsiveness of quantity demanded or supplied to a change in price at a specific point on the demand or supply curve, using calculus for precise computation. In contrast, arc elasticity calculates the elasticity over a range of prices and quantities, providing an average elasticity over that interval. A common problem with arc elasticity arises from its sensitivity to the choice of starting and ending points, leading to potential biases. This is often addressed by using the midpoint (or average) method, which reduces the impact of the direction of the price change on the calculated elasticity.
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What is the main advantage of using the midpoint method for calculating elasticity?
When we compute price elasticity between any two points on a demand curve, we get a different answer depending on which point we choose to start and which point we choose to finish if we take the change in price and quantity as a percent of the starting value for each. With the midpoint method, the percentage changes in quantity and price are calculated by dividing the change in the variable by the average or midpoint value of the two points on the curve, not the starting point on the curve. In other words, it avoids the problem of getting a different answer when we computer price elasticity between any two points on a demand curve and it calculates by dividing the change in the variable by the midpoint value of the two points on the curve instead of the starting point on the curve. That is the advantage of using the midpoint method for calculating elasticity.
What are the problem of comparison of national income between time periods?
problem of comparison of national income between time periods
What is the point elasticity of the demand function p plus 4q equl to 80 at 10 and 400?
To answer this question you must know two things: 1) the point elasticity formula, and 2) the demand equation. 1) the point elasticity formula says: dQ/dP X P/Q is the point elasticity at a price (P) and the corresponding Quantity (Q) -P is the price you are evaluating the elasticity at, and Q is found by evaluating the demand equation at the price (P) -dQ/dP is the derivative of Q with respect to P 2) The demand equation for this particular problem is: P+4Q=80 The Answer: Step one: differentiate the demand equation with respect to P - to do this you must algebraically solve the demand equation for Q P+4Q=80 4Q=80-P Q=20-0.25P -next you must differentiate with respect to P dQ/dP=-0.25 Step 2: plug derivative into formula -now, refering back to the original formula, you have: -0.25 X P/Q Step 3: Plug in the values for P/Q - in this problem, they want you to evaluate the elasticity at price 10 and price 400 Price at 10: Elasticity(10)= -0.25 X (10/17.5)=-0.4375 or 0.4375 (elasticities are always positive) Now, the step above is very simple, all I did is multiplied the derivative of the demand function by the price over the quantity demanded evaluated at the price by the the demand function. All that is happening is I am following the point elasticity formula outlined at the top. Price at 400: Elasticity(400)=-0.25 X (400/-80)=1.25 And there you have it!
What are the different problem approaches in computing GNP?
Expenditure Approach and Income Approach.
What happens to veins when they lose their elasticity?
When veins lose their elasticity, they become less able to expand and contract as blood flows through them. This can lead to a condition known as venous insufficiency, where blood pools in the veins, causing swelling, discomfort, and increased risk of varicose veins or blood clots. The overall efficiency of blood circulation may decline, potentially leading to more serious cardiovascular issues. Additionally, the valves within the veins may not function effectively, further exacerbating the problem.
What is a good sentence with the word calculation?
the calculation for the math problem was to multiply
What is a calculation used to estimate the answer to a problem before doing an actual calculation called?
A formula.
What is the main advantage of using the midpoint method for calculating elasticity?
When we compute price elasticity between any two points on a demand curve, we get a different answer depending on which point we choose to start and which point we choose to finish if we take the change in price and quantity as a percent of the starting value for each. With the midpoint method, the percentage changes in quantity and price are calculated by dividing the change in the variable by the average or midpoint value of the two points on the curve, not the starting point on the curve. In other words, it avoids the problem of getting a different answer when we computer price elasticity between any two points on a demand curve and it calculates by dividing the change in the variable by the midpoint value of the two points on the curve instead of the starting point on the curve. That is the advantage of using the midpoint method for calculating elasticity.
How does estimate help you with original problem?
It allows you to make an approximation for the final answer quickly. When the detailed answer has been calculated, if it is very different from the approximation then it is likely that a mistake has been made in either the approximation or the detailed calculation - you have no way of knowing which is wrong. Note that there are circumstances where an approximation can be very different from the detailed calculation but both are correct. Division by a number close to zero can cause such problems.
Can I do a multiplication problem online?
Yes. Justr type the calculation into the google search bar
What is another word for answer in a mathematical calculation?
Another word for answer in a mathematical calculation is "solution." This term refers to the result obtained after performing the necessary operations to solve an equation or problem.
Why would you disable automatic calculation on Excel?
Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.Sometimes you do it for testing purposes. You may want to be able to type in a value into a cell or several cells and then look at a completely different cell and then use manual calculation to actually see the changes happening. It can make it easier to see things happening when you have a problem. In a complex spreadsheet, a lot of changes can happen automatically and it can be harder to follow. Changing to manual calculation temporarily can be a good way to examine what is happening in the spreadsheet.
How many times will a ball bounce if it is high in the air?
There are several variables in this problem. Different balls have different degrees of elasticity. And then there are different kinds of surfaces on which balls can bounce. A ball does not bounce the same way on a grass lawn that it does on a concrete floor. Also the description "high in the air" is not precise. Different heights can produce different numbers of bounces.
What is the different between life threatening and non life threatening emergencies?
to be true a non threatening emergency is when you have a problem but it isn't a life or death problem
What are two types of mathematical relationships that exist between different variables?
Direct or inverse relationships,that is a problem
What are the difference in cause and effect?
the different between cause and effect.... cause=what cause the problem or what cause it to become a problem effect=what effect did it have on it hope that help u(:
Why is an abacus considered one of the first computers?
Because many people do not understand the differencebetween a manual calculation aid, a calculator, and an automatic computer.A manual calculation aid is a manual device where the user needs to fully understand the calculation and how to manipulate the parts of the device to perform every step of the calculation. The user must perform every step of the calculation on the device himself by hand. An abacus is a manual calculation aid. A sliderule is also a manual calculation aid.A calculator is a manual device where the user needs to understand the calculation he wants to perform but the device can perform the detailed steps itself. The user must request each step of the calculation from the device by hand.A computer is an automatic device that once set up (programmed) will perform the calculation anytime it is needed, without any attention from the user and even if the user has no understanding of the problem at all (the designer of the program is the only one that had to understand the problem).
