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Dakota Publishers prints coffee table photo books of the Great Plains and mountain states. The marketing manager generally prices books at $35 each, and sales an average of 4,000 per month. Last month, she had a sale and priced volumes at $22.50 each, selling 8,500 copies. Calculate the price elasticity for these books. Describe how elasticities should be used in pricing decisions. If you were responsible for setting the price of these volumes, what would you choose and why?
How many Argentine pesos would it cost given the new exchange rate you just calculated.
How might you construct a measure of the change in the price level. Illustrate what additional information might you need to construct your measure.
Illustrate what are the advantages of using capital in the production process. What is meant by the term "division of labor".
Explain how is the activity reflected on the balance on current ccount different from the activity reflected on the capital.
Assume that a consumer can buy only two goods, A and B, and has an income of $100. The price of A is $10 and the price of B is $20. Illustrate what is the slope of the budget line if A is measured horizontally and B is measured vertically.
You complain that the current labor contract specifies a full hour for your lunch break and you still have over 15 minutes left.
If supply at every price is reduced by five gallons, what will the new equilibrium price be.
Assume that Roscoe's Rascals decided to add the pet food line. A copy company wants to expand construction.
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost
Over Illustrate range will changes in marginal cost have no effect on CDW's profit-maximizing level of output.
If one defines incremental cost as the change in total cost resulting from a decision, and incremental revenue as the change in total revenue resulting from a decision, any business decision is profitable.
Explain why are changes in inventories included as part of investment spending
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