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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 average 4,000 copies per month. Last month, she had a sale and priced volumes at $22.50 each, selling 8500 copies. Compute the price elasticity for these books. Explain how elasticities must be used in pricing decisions. If you were responsible for setting the price of these volumes, what would you choose and why?
Using the marginal utility approach discuss how economic theory explains the optimum pattern of consumption for an individual consumer
What is the role of state law in determining whether an entity will be classified as a corporation for Federal income tax purposes?
a honda accord sells for 24000 in the united states and for sf29500 in switzerland. given an exchange rate of sf1.25 1
ome workers in the economy are paid a flat salary and some are paid by commission. Which of compensation scheme would require more monitoring by supervisors In which case do firms have an incentive to pay more than the equilibrium level
management has recognized the effect of changes in the real-world competitive environment and government policies on
Find the comparative statics for an increase in the sales tax, namely y^s/s and p^s/s , and provide an economic interpretation of them. What is the economic interpretation of an increase in the parameter a? You might want to plot the demand functi..
Explain how and why firms practice 3rd degree price discrimination. Use the handout to illustrate your answer (coupons; airlines, mobile phones).
a major new client has requested that your company present an investment seminar to illustrate the stock valuation
a software producer has fixed costs of 20000 per month and her total variable costs tvc as a function of output q are
Reducing taxes increases the amount of available cash that consumers can use to purchase goods and services. The more cash consumers have, the more purchases they are likely make. As consumers in a country increase spending, it directly increases ..
youve recently learned that the company where you work is being sold for 380000. the companys income statement
According to the monetarists, which of the following is true?
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