A Firm Is Observed Using 15 Units of Input X

question 139

Multiple Choice

A firm is observed using 15 units of input X when the price of X is $2. If the price of X increases to $4, the firm uses only 6 units of it. What is the price elasticity of demand for input X? (Use the simple formula for percentage change: [(new# − old#) /old#] × 100%.)

• A) 1/2 = 0.5
• B) 3/5 = 0.6
• C) 5/3 = 1.67
• D) 2

Identify the latent functions that dating fulfills.

Analyze the advantages and disadvantages of homogamy in dating.

Know individual and societal level solutions for preventing violent behavior and rape in dating situations.

Discuss the disadvantages of speed dating.

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Definitions:

Bland Food

Food that is mild or very lightly seasoned, often lacking in strong flavors.

Refractory Period

The time interval following a certain action or response, such as a nerve impulse or muscle contraction, during which a subsequent response cannot be elicited.

Multiple Orgasms

The experience of having several orgasms during a single sexual arousal cycle.

Incest Taboo

The prohibition of sexual relationships between close relatives; a universal norm found across societies.