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the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is -1.8.
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Suppose that two years ago, you purchased a Jeep Wrangler SE 4WD with a soft top for $16,500 using five year interest-free financing.
Illustrate what is the economic growth rate equal to. Write down your math calculations. Show to 6 decimal points.
US cigarette makers face enormous punitive damage penalties after losing a series of class action lawsuits-What action do you suppose the cigarette companies took to avoid bankruptcy?
Explain why is it wiser for the government to put a sales tax on a good that is demand inelastic than on one that is demand elastic.
Compute mean, standard deviation & CV of sales. The demand for MICHTEC's products is related to the state of the economy.
Explain why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders.
What would be your subsequent steps? Make sure you include both the positive and negative effects of your actions making sure you include the trade-offs or opportunity costs.
Need Price for every cartelization level, market output, market profits, cartel output and profits, and need noncartel firm output and profit. This if for 5 companies.
Suppose that the software market currently has one firm operating -Microhard. What contract should be writen between the bank and Newvel?
Find out two articles that discuss the local, state, or federal taxation of a good. Describe the effects of taxation and price controls on the economy.
Illustrate what happens to the money supply, interest rates, and the economy in general if the Federal Reserve is a NET BUYER of government bonds.
Calculating elasticity: Draw a set of coordinate axes on a piece of graph paper. Label horizontal axixs from 0-50 units and vertical axis from $0- $20 per unit. Draw a demand curve that intersects the vertical axis at $10 and the horizontal axis a..
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