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How are the following calculations are made?
When income increased by 10%, the quantity of memberships of athletic clubs increased by 15 percent, the quantity demanded of spring water increased by 5 percent, and the quantity demanded of soft drinks decreased by 2 percent. Use the
a. Is club membership a normal or an inferior good?
b. Is demand for club membership income elastic or income inelastic?
c. Is spring water a normal or an inferior good?
d. Is soft drink a normal or an inferior good?
If the needs return on the stock is 13 percent, what is the present share price.
Explain why do some economists argue that reduction in the rate of taxation and capital gains can actually increase tax revenue collected from such gains.
Eluciadte the work of how the answer was derived. David Upton is president of Upton Manufacturing.
In 1991, Brazil and Columbia united to form a coffee cartel and reduce coffee output. Suppose total costs for the cartel are: TC = 12 + 5Q + Q 2
Working on your Portfolio assignment through researching and selecting an article for your analysis. Appropriate articles are those that:
Given below is a table with total information for a firm in a perfectly competitive industry.
Marketing research shows that the price elasticity demand coefficient for the widgets
Starting with estimated demand function for Chevrolets given Problem 2, suppose that the average value of the independent variables changes to n=225 million,
Kimberly MacKenzie, president of Kim's Clothes Corporation, a medium-sized manufacturer of women's casual clothing, is worried.
As an economy increase and productivity grow, real wages tend to rise - people get richer on aggregate. Real wage growth implies that people are able to buy more of the services that are in basket of goods.
Explain how do you go about drawing an indifference for such a utility function.
The government should not be in the organization of promoting renewable power, but should simply set a reasonable price on greenhouse gases
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