Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 18, 2024

I only need the answer as soon as possible without explanation. Absolutely a thumb up! Thanks a lot! If average Netflix subscription is 250 million

I only need the answer as soon as possible without explanation. Absolutely a thumb up! Thanks a lot!

If average Netflix subscription is 250 million when prices are $7 a subscription and 200 million when prices are $9 a subscription, the elasticity of demand for Netflix is about:

Group of answer choices

1.1

1.8

0.1

0.9

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Accounting

Authors: Needles, Powers, crosson

11th Edition

1439037744, 978-1133626985, 978-1439037744

Students also viewed these Economics questions

Question

★★★★★

The unearned rent account has a balance of $40000. If $3000 of the $40000 is unearned at the end the accounting period, the amount of the adjusting entry is a. $3000 b. $40000 c. $37000 d. $43000

Answered: 1 week ago

Question

★★★★★

Identify the three line administrations found in a typical air carrier, and describe their primary responsibilities

Answered: 1 week ago

Question

★★★★★

1.38 Quantitative or Qualitative? Identify each variable as quantitative or qualitative: a. Ethnic origin of a candidate for public office b. Score (0-100) on a placement examination c. Fast-food...

Answered: 1 week ago

Question

★★★★★

Listed below are amounts of strontium-90 (in millibecquerels, or mBq, per gram of calcium) in a simple random sample of baby teeth obtained from Pennsylvania residents and New York residents born...

Answered: 1 week ago

Question

★★★★★

Assuming that the business will operate for only 15 years, how much would the value of the firm be? Problem 5: Economic Value Added and Capitalization of Earnings You are making a proposal to start a...

Answered: 1 week ago

Question

★★★★★

Glass walls is a metaphor to describe ________. Group of answer choices a new technology that lets supervisors monitor employees invisible barrier to women's advancement in the workplace sex...

Answered: 1 week ago

Question

★★★★★

A company has three production departments P, Q and R and two service departments M and C . Following details in respect of indirect expenses incurred are furnished for a month : Indirect labour Rs....

Answered: 1 week ago

Question

★★★★★

Using the data for Project S and Project T below, conduct an Incremental IRR Analysis. MARR is 10% per year. S T First Cost -50,000 -75,000 Annual Cost -9,300 -3,000 Salvage 5,000 8,000 Value Life 5 5

Answered: 1 week ago

Question

★★★★★

26. You are researching the effects of a stimulant drug on patients' attitudes. State a null and an alternative hypothesis for this study

Answered: 1 week ago

Question

★★★★★

When determining if an individual has a reasonable expectation of privacy regarding information stored on a computer the investigator should: seek approval of the software provider. attempt to gain...

Answered: 1 week ago

Question

★★★★★

1-Explain all types of cost used by the Colgate Palmolive Pakistan Limited company 2-Calculate the product price (Price= cost+profit +expenses) 3-Calculate Break Even Point (B.E.P) in term of units...

Answered: 1 week ago

Question

★★★★★

PLEASE MAKE WRITING AND FORMAT CLEAR! Which of the following should be used to minimize the distance between y = Vx + 3 and the point (1, 2)? The function to minimize is D = \\ (1 - x)~ + (2 - v(x +...

Answered: 1 week ago

Previous Question Next Question