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Suppose that P1=10 and Q1=20; P2=20 and Q2=10.
a. Suppose that price elasticity of demand is -1 for P=4, Q=10. Calculate marginal revenue for this point on the demand curve.
b. Suppose price elasticity of demand is equal to -2 at a price of 4. If you increase the price slightly will your total revenue increase or decrease?
Managed care has had a significant impact on the delivery of behavioral halth services. This has influenced the way that the behavioral health industry conducts business.
How is corporate venturing used as an aid to search for innovation opportunities? Explain the relationship of the organization’s strategic plan and vision statement to the corporate venturing methodology.
Enterprises conduct business transactions with other enterprises for a number of economic, business and strategic motivations.
You decide to buy 500 shares of stock at a price of $70 and an initial margin of 55 percent. What is the maximum percentage decline in the stock before you will receive a margin call if the maintenance margin is 25 percent?
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Assume that the free trade unit price of a lamp is $200 and unit cost of an input for a lamp is $100. Given this information about lamp production in a country, calculate the effective rate of protection (ERP) afforded to the lamp industry by a 12% t..
Suppose a researcher is interested in estimating the impact of gasoline taxes (Xi) on per capital gallons of gasoline consumer per year(Yi).Assume tax is measure in cents per gallon. the researcher has data from 51 states for a 10 year period for a t..
If the resource prices faced by a firm rise, the result is a(n) The law of supply says that
For each item below, draw a graph with quantities of pepperoni pizza on the horizontal axis and quantities of anchovy pizza on the vertical axis to illustrate the following situations. In each case draw two different indifference curves and make a li..
Assume which an innovation reduces a industry's fixed costs also reduces cost from ATC to ATC. Before the innovation reduced the cost, the industry's maximum economic profit was
In deriving demand curve in a perfectly competitive market, we use a benefit function B(Q) for consumers’ benefit from consuming Q units of the good. In a perfectly competitive market, for a given price P, the quantity demanded is determined by P=B’(..
Calculate the marginal physical product of labor at each quantity of labor
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