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Price elasticity of demand and the behavior of total revenue
Given: Q (demanded) = 8 - 2p
How can I find the total revenue function and the marginal revenue function with just this information?
Suppose the level of autonomous expenditure, which we could call A, rises by AA. What is the effect on the level of equilibrium national income?
Suppose the company wants to set its price equal to full cost plus 30 percent. To determine cost, the company must estimate the number of units it will produce and sell in a year.
What government officials increase the price of parking ticket from $40 to $50; they are surprised that their revenue actually falls. What happened?
Assume x and y are the only two goods a person consumes. If after a rise in p x , the quantity demanded of y decreases, one could say
Find out the price elasticity of demand regarding to the money price using "arc elasticity."
Illustrate what relative amounts of capital and labor will be employed to maximize output.
Illustrate what is the number of kilowatt hours of electricity produced and what is the price that the company will charge.
Assume that the following information about the economy is correct. The potential GDP is 3 percent. Real GDP has fallen at a minus two percent rate in the last 12 months.
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input? What will happen to the labour demand if price of the output goes up?
Required to find out an articles about price elasticity in the home building industry
Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."
Illustrate which tool is used most frequently. Illustrate what are two limitations on the money expansion process.
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