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In a local hardware store the price of the store brand indoor house paint is $18 per gallon. The daily volume of sales is 30 gallons. The price elasticity of demand for the paint is estimated to be -3. Determine the demand equation for the paint assuming that it is linear (please show the math)
Break-even point and degree of leverage (LO2 & 5) Mo & Chris’s Delicious Burgers, Inc., sells food to Military Cafeteria for $15 a box. The fixed costs of this operation are $80,000 while the variable cost per box is $10. what is the break-even point..
What accounts for the geographic dispersion of the Federal Reserve district banks? Shouldn’t the president be allowed to appoint a new Fed chairman at the start of his administration?
If we assume that a given bus market is in competition which charges a flat fare of N$1, and if the formula for the total demand (in thousands) in the market is given by the equation:
Assume that a new project will annually generate revenues of $2,100,000 and cash expenses (including both fixed and variable costs) of $500,000, while increasing depreciation by $250,000 per year. In addition, the firm's tax rate is 37%. Calculate th..
A cinema hall has a capacity of 150 seats. The owner can o er students a discount on the price when they show their student
Due to market pressures there has been an decrease in the number of franchises that sell hamburgers. This trend has coincided with a decrease in consumers' income. Supposing hamburgers are an inferior good, use a supply-and-demand diagram for the mar..
Swim coach Rob teaches athletes how to swim freestyle while keeping their hips raised. Let q represent the number of swimmers that learn the technique, and let h represent the number of hours of individual training Rob provides in which the swimmers ..
Romans utility function os U(x,y)=6xy. The prices of goods x and y are $12 and $15. The indifference curve is tangent to his budget constraint, where he is consuming 20 units of good x. How many units of good y must he be consuming?
Use economics to compare three ways to reduce the demand for heroin: the substitution of another, less dangerous, and less debilitating drug, such as methadone for heroin, to registered addicts; If expenditures on preventing crime equal $200 billion ..
q. eisler company consigned 80 freezers costing 500 each to company. the cost of shipping the freezers amounted to840
Which of the following statements is NOT a null hypothesis? Jason wanted to study the affect of drinking on test performance. He assigned one group of people to have a beer before writing a test and another group to have a glass of water before writi..
The head of the accounting department at a major software manufacturer has asked you to put together a pro forma statement of the company's value under several possible growth scenarios and the assumption that the company’s many divisions will remain..
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