100 POINTS MICROECONOMICS A local drinking establishment recently raised its price of a draft beer from $4 to $5. As it did, the number of beers it sold decreased from 5,000 to 4,000 per month of this particular brew.

Over this price range, what was the elasticity of demand for this beer?

What was the degree of elasticity for this beer?

A 1% change in the price of this beer led to a change in quantity demanded of ___%?

What happened the bar’s total revenue as it raised its price?

Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.

Which of the following represents an unlimited queue? a. toll booth serving automobiles on the interstateb. drive through lane at a fast food restaurantc. faculty office with limited seating during office hoursd. restaurant with no outside seating and limited capacity due to fire departments restrictionse. small barbershop with only 5 chairs for waiting customers

In the context of project management, what are time, people, money, and supplies examples of? a. projects b. facilities c. resources d. tasks