Microeconomics anyone?

[NotoriousTDA]

Who would like to do my online micro homework?

I will pay you in karma points 

or better yet is there anyway to hack this site to find the answers to all the questions?

www.lyryx.com

[jeromechickenbone]

I took micro and macro in college.  I just remember there were lots of linear regression and useless shit like that.

[Sparegeez]

haha im finishing up my econ macro right now. im taking micro next semester. which one is harder?

[NotoriousTDA]

i have no idea how to figure out elasticity even tho i know the formula. Ive tried reading the textbook and it just doenst make sense, ive never been good at math and this
shit is due in 2 weeks.

Im fucked 

[jeromechickenbone]

Are you talking about price elasticity?  If a product is inelastic, it's pretty much gonna sell regardless of the price...like tobacco, booze, rare shit, etc.  If it's inelastic its ability to sell is very affected by the price.  thats all i got bruh

[NotoriousTDA]

Are you talking about price elasticity?  If a product is inelastic, it's pretty much gonna sell regardless of the price...like tobacco, booze, rare shit, etc.  If it's inelastic its ability to sell is very affected by the price.  thats all i got bruh

yeah i know that, thanks anyway. Its the part with plugging in numbers that fucks me up

[Mo Z. Dizzle]

i took Micro 5 years ago so I don't remember shit from the course lol.

all I remember is that i got an A overall, and that I had to write 80% of the course in the final week which was stressful as fuck but I kicked ass.

[NotoriousTDA]

i took Micro 5 years ago so I don't remember shit from the course lol.

all I remember is that i got an A overall, and that I had to write 80% of the course in the final week which was stressful as fuck but I kicked ass.

would you like my username and password for my online labs 

[Mo Z. Dizzle]

i took Micro 5 years ago so I don't remember shit from the course lol.

all I remember is that i got an A overall, and that I had to write 80% of the course in the final week which was stressful as fuck but I kicked ass.

would you like my username and password for my online labs 

I don't remember anything so if ur happy with like a 20% sure lol

[NotoriousTDA]

haha actually?

its actually worth 20% of my mark that would work out 

[Triple OG Rapsodie]

I will pay you in karma points

like offering a shark a raincoat

[MediumL]

% change in demand
% change in price

If the price changes from $200 to $270 you take away the 200 from the 270 you get $70.  You didivde $70 by 200 to get 0.35. On top of that the deamnd changes from 90 to 70 sales. You take away 70 from 90 and you get -20. -20 divided by the original sales, 90, euqlas -0.22222 recurring.

-22.22 (multiply the -0.2222 by 100 to get a % and round it to two decimal places)
35  (the change in price multiplied by 100 to get a %)

-22.22 divided by 35 = -0.635 (to 3 significant figures)

-0.635 is negative and closer to -1 hence the demand for the good is price inelastic

[Teddy Roosevelt]

Tell me who the girl in your avatar is and I'll make a half-ass attempt at hacking the site.

[NotoriousTDA]

this cross elasticity of demand got me shook!

[NotoriousTDA]

Tell me who the girl in your avatar is and I'll make a half-ass attempt at hacking the site.

Brianna frost aka my babies momma