Use the letter of your last name to determine over which price range you will calculate the elasticity of demand. A-D ($11-$9) E-J ($9-$7) K-N ($5-$3) O-Z ($3-$1) 1. Elasticity a. Calculate elasticity of demand. Show the formula and how you substituted in the numbers, then do the calculation. Remember to take the absolute value!! I want to see the calculations. It is probably easiest if you show me your work on a separate sheet of paper, take a photo, and put the photo in the drop box. Be sure your name is visible. Price Quantity Demanded $11 5 $9 15 $7 25 $5 35 $3 45 $1 55 b. Is demand elastic or inelastic over the price range

4. suppose that pollution in a neighborhood comes from two factories, with marginal benefit curves given by mb1 = 12 – p1 and mb2 = 8 – p2. the level of pollution in the neighborhood is given by p = p1 + p2. the government wants to limit pollution by instituting a pollution-rights market. the government’s desired level of p is 10, so it prints 10 pollution rights and offers them for sale to the firms.a)find the equilibrium selling price of a pollution right, as well as the allocation of rights (and hence pollution levels) across the two factories. b)repeat part (a) for the case where the government’s desired level of pollution equals 14. c)comment on the usefulness of a pollution rights market in achieving efficient levels of pollution abatement.

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.