Answer:
In economics, elasticity is the measurement of the percentage change of one economic variable in response to a change in another.
An elastic variable (with an absolute elasticity value greater than 1) is one which responds more than proportionally to changes in other variables. In contrast, an inelastic variable (with an absolute elasticity value less than 1) is one which changes less than proportionally in response to changes in other variables. A variable can have different values of its elasticity at different starting points: for example, the quantity of a good supplied by producers might be elastic at low prices but inelastic at higher prices, so that a rise from an initially low price might bring on a more-than-proportionate increase in quantity supplied while a rise from an initially high price might bring on a less-than-proportionate rise in quantity supplied.
Elasticity can be quantified as the ratio of the percentage change in one variable to the percentage change in another variable, when the latter variable has a causal influence on the former. A more precise definition is given in terms of differential calculus. It is a tool for measuring the responsiveness of one variable to changes in another, causative variable. Elasticity has the advantage of being a unitless ratio, independent of the type of quantities being varied. Frequently used elasticities include price elasticity of demand, price elasticity of supply, income elasticity of demand, elasticity of substitution between factors of production and elasticity of intertemporal substitution.
Elasticity is one of the most important concepts in neoclassical economic theory. It is useful in understanding the incidence of indirect taxation, marginal concepts as they relate to the theory of the firm, and distribution of wealth and different types of goods as they relate to the theory of consumer choice. Elasticity is also crucially important in any discussion of welfare distribution, in particular consumer surplus, producer surplus, or government surplus.
In empirical work an elasticity is the estimated coefficient in a linear regression equation where both the dependent variable and the independent variable are in natural logs. Elasticity is a popular tool among empiricists because it is independent of units and thus simplifies data analysis.
A major study of the price elasticity of supply and the price elasticity of demand for US products was undertaken by Joshua Levy and Trevor Pollock in the late 1960s..
Answer:
The impulse experienced by the object equals the change in momentum of the object. In equation form, F • t = m • Δ v. In a collision, objects experience an impulse; the impulse causes and is equal to the change in momentum. ... The collision would change the halfback's speed and thus his momentum.
Explanation:
Answer:
Capacitance of cylindrical capacitor does not depends on the amount of charge on the conductors
Explanation:
Consider a cylindrical capacitor of length L, inner radius R₁ and outer radius R₂, permitivity ε₀ constant then capacitance of cylindrical capacitor is given by:
From this equation it is clear that capacitance of cylindrical capacitor is independent of the amount of charge on the conductors where as directly proportional permitivity constant and length of cylinder where as inversely proportional to natural log of ratio of R₂ and R₁
Answer:
t = 3.48 s
Explanation:
The time for the maximum height can be calculated by taking the derivative of height function with respect to time and making it equal to zero:
where,
v₀ = initial speed = 110 ft/s
Therefore,
<u>t = 3.48 s</u>
To develop this problem we will start from the definition of entropy as a function of total heat, temperature. This definition is mathematically described as
Here,
Q = Total Heat
T = Temperature
The total change of entropy from a cold object to a hot object is given by the relationship,
From this relationship we can realize that the change in entropy by the second law of thermodynamics will be positive. Therefore the temperature in the hot body will be higher than that of the cold body, this implies that this term will be smaller than the first, and in other words it would imply that the magnitude of the entropy 'of the hot body' will always be less than the entropy 'cold body'
Change in entropy 
is smaller than 
Therefore the correct answer is C. Will always have a smaller magnitude than the change in entropy of the cold object
