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1. Which of the following would you expect to decrease the demand for tennis racquets? a. A decrease in the price of tennis balls which are complements in consumption of tennis racquetsb. An increase in the supply of tennis racquetsc. An increase in the price of tennis racquetsd. None of the above would decrease the demand for tennis racquets2.Consider the market for pop. Use the demand and supply equations below to answer the following 2 questions. Qd=100-20P Qs=5P(1)If the government imposes a price ceiling of $2 in the market for pop, which of the following will occur?a. There will be a shortage of 50 cans of pop.b. There will be a shortage of 40 cans of pop.c. There will be a surplus of 10 cans of pop.d. There will be neither a surplus nor a shortage because the price ceiling is ineffective.What deadweight loss will result from a price ceiling of $2 in the market for pop? a. $12.50b. $37.50 c. $50.00 d. $45.25
what do you think the impact on the firm will be of the loss of the ceo under an ethical cloud? what do you think
Which of the Gauss-Markov assumptions regarding OLS estimates is violated if there are omitted variables not included in the regression model?
suppose that population growth expands the quality frontier of a newhouse utility-maximizing nonprofit hospital.
Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to beer. The price elasticity of supply of liquor is 4.0, and the price elasticity of demand is -0.2. The cross-elasticity of
What is the firm's supply function when the $500 fixed cost is sunk?
Demand for DVD rentals at a video store is described by the equation: Q= 4,000-500P, where Q denotes the number of DVDs rented per week and P is the rental price in dollars.
Two of the companies should be more likely to use job costing - write a one paragraph description of the business of the company.
consider the following information regarding a monopolist price 20 unit sales 200000 units fixed costs 1000000
by outsourcing overseas a company can reduce costs but must also take certain risks. global supply chains are exposed
What aspects would you consider in preparation for her discharge and what can you tell her about Validation therapy? Give an example (either a conversation or situation) of when she can use this technique with her husband.
Reliance on finite supplies of foreign oil and on coal fired electric power plants causes ever increasing prices that we must pay for the oil and the deleterious effects on our environment from both as sources of greenhouse gasses
In one hour, John can prepare 2 income tax returns or 4 financial statements. In one hour, Frank can prepare 1 income tax return or 3 financial statements. Frank and John currently work separately, and they are deciding whether to continue working al..
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