assignmentutor™您的专属作业导师

assignmentutor-lab™ 为您的留学生涯保驾护航 在代写微观经济学Microeconomics方面已经树立了自己的口碑, 保证靠谱, 高质且原创的统计Statistics代写服务。我们的专家在代写微观经济学Microeconomics代写方面经验极为丰富，各种代写微观经济学Microeconomics相关的作业也就用不着说。

• Statistical Inference 统计推断
• Statistical Computing 统计计算
• (Generalized) Linear Models 广义线性模型
• Statistical Machine Learning 统计机器学习
• Longitudinal Data Analysis 纵向数据分析
• Foundations of Data Science 数据科学基础

## 经济代写|微观经济学代写Microeconomics代考|PRICE ELASTICITY OF DEMAND AND TOTAL REVENUE

Businesses, management consultants, and government bodies use price elasticities of demand a lot. To see why a busincss might care about the price clasticity of demand, let’s consider how an increase in price might affect a business’s total revenue, that is, the selling price times the quantity of product it sells, or $P Q$. You might think that when the price rises, so will the total revenue, but a higher price will generally reduce the quantity demanded. Thus, the “benefit” of the higher price is offset by the “cost” due to the reduction in quantity, and businesses must generally consider this trade-off when they think about raising a price. If the demand is elastic (the quantity demanded is relatively sensitive to price), the quantity reduction will outweigh the benefit of the higher price, and total revenue will fall. If the demand is inelastic (the quantity demanded is relatively insensitive to price), the quantity reduction will not be too severe, and total revenue will go up. Thus, knowledge of the price elasticity of demand can help a business predict the revenue impact of a price increase.

## 经济代写|微观经济学代写Microeconomics代考|DETERMINANTS OF THE PRICE

Price elasticities of demand have been estimated for many products using statistical techniques. Table $2.1$ presents estimates for a variety of food, liquor, and tobacco products in the United States; Table $2.2$ presents estimates of price elasticities of demand for food products in India, and Table $2.3$ presents estimates for various modes of transportation. What determines these elasticities? Consider the estimated elasticity of $-0.107$ for cigarettes in Table $2.1$, which indicates that a 10 percent increase in the price of cigarettes would result in a $1.07$ percent drop in the quantity of cigarettes demanded. This tells us that cigarettes have an inelastic demand: When the prices of all the individual brands of cigarettes go up (perhaps because of an increase in cigarette taxes), overall consumption of cigarettes is not likely to be affected very much. This conclusion makes sense. Even though consumers might want to cut back their consumption when cigarettes become more expensive, most would find it difficult to do so because cigarettes are habit forming.

In many circumstances, decision makers do not have precise numerical estimates of price elasticities of demand based on statistical techniques. Consequently, they have to rely on their knowledge of the product and the nature of the market to make educated conjectures about price sensitivity.

Here are some factors that determine a product’s price elasticity of demand-the extent to which demand is relatively sensitive or insensitive to price.

# 微观经济学代考

## 有限元方法代写

assignmentutor™作为专业的留学生服务机构，多年来已为美国、英国、加拿大、澳洲等留学热门地的学生提供专业的学术服务，包括但不限于Essay代写，Assignment代写，Dissertation代写，Report代写，小组作业代写，Proposal代写，Paper代写，Presentation代写，计算机作业代写，论文修改和润色，网课代做，exam代考等等。写作范围涵盖高中，本科，研究生等海外留学全阶段，辐射金融，经济学，会计学，审计学，管理学等全球99%专业科目。写作团队既有专业英语母语作者，也有海外名校硕博留学生，每位写作老师都拥有过硬的语言能力，专业的学科背景和学术写作经验。我们承诺100%原创，100%专业，100%准时，100%满意。

## MATLAB代写

MATLAB 是一种用于技术计算的高性能语言。它将计算、可视化和编程集成在一个易于使用的环境中，其中问题和解决方案以熟悉的数学符号表示。典型用途包括：数学和计算算法开发建模、仿真和原型制作数据分析、探索和可视化科学和工程图形应用程序开发，包括图形用户界面构建MATLAB 是一个交互式系统，其基本数据元素是一个不需要维度的数组。这使您可以解决许多技术计算问题，尤其是那些具有矩阵和向量公式的问题，而只需用 C 或 Fortran 等标量非交互式语言编写程序所需的时间的一小部分。MATLAB 名称代表矩阵实验室。MATLAB 最初的编写目的是提供对由 LINPACK 和 EISPACK 项目开发的矩阵软件的轻松访问，这两个项目共同代表了矩阵计算软件的最新技术。MATLAB 经过多年的发展，得到了许多用户的投入。在大学环境中，它是数学、工程和科学入门和高级课程的标准教学工具。在工业领域，MATLAB 是高效研究、开发和分析的首选工具。MATLAB 具有一系列称为工具箱的特定于应用程序的解决方案。对于大多数 MATLAB 用户来说非常重要，工具箱允许您学习应用专业技术。工具箱是 MATLAB 函数（M 文件）的综合集合，可扩展 MATLAB 环境以解决特定类别的问题。可用工具箱的领域包括信号处理、控制系统、神经网络、模糊逻辑、小波、仿真等。

assignmentutor™您的专属作业导师
assignmentutor™您的专属作业导师