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Elsa Borrello

Numerade Educator
After School Assistant Teacher

Biography

I am a recent graduate of the University of Michigan Ross School of Business. I focused in economics and management, and am confident in my skill levels in these subjects. I have experience tutoring children in adults in topics ranging from English, to math, to organizational design theory. I also led study groups through undergrad, and helped many of my friends excel on their exams. I've been told many times that I am a great teacher, and that my strength is understanding the student's perspective when learning a new subject and adapting to a teaching method that works best for them. My current position is with a non-profit in career development education for refugee clients. I am looking for supplemental income and a way to spread knowledge and help those who are in need during these times of virtual learning.

Education

Elsa has not yet added their education credentials.

Educator Statistics

Numerade tutor for 6 years
2 Students Helped

Topics Covered

Discover the Power of Introduction: Your Guide to Making a Lasting Impression
How Markets Work: Understanding the Dynamics of Supply and Demand
Balancing Markets and Welfare: Striving for Equilibrium
Understanding Firm Behavior and Industry Organization

Elsa's Textbook Answer Videos

07:16
Principles of Microeconomics for AP® Courses

Table 3.8 shows information on the demand and supply for bicycles, where the quantities of bicycles are measured in thousands.
a. What is the quantity demanded and the quantity supplied at a price of $210?
b. At what price is the quantity supplied equal to 48,000?
c. Graph the demand and supply curve for bicycles. How can you determine the equilibrium price
and quantity from the graph? How can you determine the equilibrium price and quantity
from the table? What are the equilibrium price and equilibrium quantity?
d. If the price was $120, what would the quantities demanded and supplied be? Would a shortage or surplus exist? If so, how large would the shortage or surplus be?

Chapter 3: Demand and Supply
Elsa Borrello
05:15
Economics

Sara is a dot.com entrepreneur who has established a Web site at which people can design and buy sweatshirts. Sara pays $\$ 1,000$ a week for her Web server and Internet connection. The sweatshirts that her customers design are made to order by another firm, and Sara pays this firm $\$ 20$ a sweatshirt. Sara has no other costs. The table sets out the demand schedule for Sara's sweatshirts.
$$\begin{array}{cc}
\begin{array}{c}
\text { Price } \\
\text { [dollars per sweatshirt/ }
\end{array} & \begin{array}{c}
\text { Quantity demanded } \\
\text { (sweatshirts per week) }
\end{array} \\
\hline 0 & 100 \\
20 & 80 \\
40 & 60 \\
60 & 40 \\
80 & 20 \\
100 & 0
\end{array}$$
Calculate Sara's profit-maximizing output, price, and economic profit.

Chapter 14: Monopolistic Competition
Elsa Borrello
1