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Article that implies an assumption about price elasticity of demand or supply
Summarize an article that implies an assumption about price elasticity of demand or supply or that implies an assumption about income elasticity. The article can come from an online newspaper or magazine. A link to the article must be included with your summary remarks. Summarize what the article is about in general, followed by a paragraph or two explaining how elasticity is implied.
Proponents of trade off liberalization argue which freer trade might actually improve the quality of the environment.
A firm has estimated the following demand function for its product: Calculate the advertising elasticity of demand and explain its meaning.
A firm in an oligopolistic company has the following demand and total cost equations Maximum quantity at which profit will be at least $850.
Which one shirts or sweaters, has a demand-elasticity which allow you to increase the price, sell fewer units BUT still increase your revenues.
Your company is considering an investment project that will generate after-tax cash flows of $1,000 per year for the next three years (and then be scrapped, with no salvage value).
Explain how many popsicles will be sold every day in the short run if the price rises to $2 each. In the long run, if the price rises to $2 each.
You are working for an unemployment agency which distributes unemployment checks to unemployed workers in your state.
In an article about the financial problems of USA Today, Newsweek, reported that the paper was losing about $20 million a year.
Compute the elasticity of demand in going from 2 unit to 3 units. Is the demand elastic or inelastic in this range.
Compute total revenue at each and every price for this demand curve.
Complete the following table by computing the marginal utility per dollar for successive units of X, Y, and Z to one or two decimal places.
Suppose you are reviewing an isocost graph. The axis on the graph shows capital units on the vertical axis, and labor units on the horizontal axis.
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