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Cross elasticity of demand In recent years the price of natural gas in the United States has fallen to a record low relative to the prices of fossil fuels, including coal. Over the same period the share of US electricity output generated by gas has increased and output generated by coal has fallen. What do these facts suggest to you about the cross elasticity of demand between coal and gas? Illustrate your answer with a pair of diagrams showing the market for coal and that for natural gas. Which supply curves would have needed to shift to produce results consistent with the reported facts? Which demand curves? Why?
You have been asked to produce a forecast for your company's new product (bottled water). List and briefly describ four factors you would consider before giving the forecast.
Technology is often the reason behind the decision to pursue joint ventures, mergers and other alliances. When technologies are expensive and take a long time to develop internally, organizations may attempt to gain access to the capabilities of anot..
Economic Growth Rate - In your response post, your comment is not to assess another student's work but to bring up additional points or thoughts related to their post.
Which of the following explain the downward slope of the aggregate demand curve the effect of changing interest rates on the quantity demanded of interest rate since of goods or the presence of an used production capacity and unemployment or the avai..
Assume you ordered two Bose speakers for your home theater system from Sound Technologies, Inc. in New York. Sound Technologies shipped the speakers to you via UPS, C.O.D. (collect on delivery). You did not agree to a C.O.D. shipment of the speakers...
Suppose that competition amongst bond brokers causes bonds to become more liquid. Using the liquidity preference model, show graphically how this will affect money demand and the nominal interest rate.
Camptown? Togs, Inc., a? children's clothing? manufacturer, has always found payroll processing to be costly because it must be done by a clerk. The number of? piece-goods coupons received by each employee is collected and the types of tasks performe..
Discuss your opinion regarding whether unions are still relevant and necessary in today’s work environment. What other means might be used to ensure ‘‘employee voice’’ in the workplace?
Two people from the military, General Equilibrium (player 1) and Major Inefficiency (player 2), have been stranded on an island after a shipwreck. General Equilibrium was able to salvage 50 bags of Spinach (X1) and 50 pounds of rice (Y1) from the shi..
What are the different kinds of office productivity software in the cloud?
Over the past decade medical costs have increased more rapidly than other prices. In order to illustrate how rising medical costs have affected consumer alternatives, let X represent the quantity of medical services, and let Y represent the quantity ..
The state Medicaid agency sets the price for nursing home care. The unit price is $180 per day. This price is beyond the control of any nursing home. What is the marginal revenue for another patient day at Holly Head Nursing Home?
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