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How elastic/inelastic is the demand for Netflix services (at the time of the price change)? What are the primary factors that determine elasticity of demand for Netflix? Do you think that their plan to increase prices was a good idea? How has Netflix fared since this decision to increase prices?
the palms dry cleaning shop in fort lauderdale florida faces a highly seasonal demand for its services as the
Why is comparative advantage significant in international trade? Identify the exchange rate that equalizes the prices of internationally traded goods across countries and briefly discuss the major functions this exchange rate serves.
a firm has the opportunity to invest in a project having an initial outlay of 20000. net cash inflows before
Doesn't the labor theory of value imply that people should write the labor content of their commodities on the price signs instead of amount of money? How would you answer your friend?
this line is aimed at the low end of the market and isnt constructed on a wheel base. writing instruments. this line
Which of the following define positive economic statements and which are normative?
The long run supply curve for a particular type of kitchen knife is horizontal line at a price of dolla three per knife. The demand curve for such a kitchen knife is
A formal study of 3-branches of government and the way they effect intergovernmental relations necessarily focuses on executive, legislative, and judicial branches.
The company estimates the probability of no damage to be 0.60, the probability of damage between $0 and $10,000 to be 0.25. what should be the price of the policy.
The point M on the accompanying production possibilities curve depicts the mix of output that is determined by the free market. In your opinion as an economist, where is the socially optimal mix of output Mark this on the PPC as point S
Your boss tells you that the price elasticity of demand for hospital services is inelastic and therefore if you change the price there will be no change in the demand for hospital services. Explain whether she is correct or incorrect.
the demand curve is given byqd 500 - 5px 0.5i 10py - 2pzwhereqd quantity demanded of good xpx price of good xi
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