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Over a ten year period, the monthly charge for cellular phone service decreased from $80 per month to $30 per month. At the same time, the number of subscribers increased from less than 5 million to more than 125 million.
Which of the following provides the best explanation for these changes?
a) An increase in consumer income over this ten year period.
b) A reduction in the price of residential phone service, a substitute for cellular phone service.
c) An increase in population and standard of living over this ten year period
d) Technological improvements that reduced the cost of supplying cellular phone service
How can you as a manager get people to change in the work environment? Tell us one concept that you think helps an employee/manager and how?
1. denver is the owner of the 7-11 mini mart dallas is the owner of the super america mini mart and together they are
If the firm uses a discount rate of 17.5 percent, what is the NPV on this project? what is the NPV of this investment?
Clearly label the size of the profit
In the debate on fixed versus floating exchange rates, the strongest argument for a floating rate is that it frees macroeconomic policy from taking care of the exchange rate.
price elasticity. the management of the mini mill steel company estimated the following elasticities for a special type
You've been appointed by an unprofitable firm to determine whether it should shut down its unprofitable operation.The firm currently employs 70 workers to produce 300 units of output per day.
Consumer Sovereignty & Dollar Votes guide the market system in dealing with which fundamental question a) What will be produced b) How is the output to be produced c) How can the system accomodate change d) Why is to recieve the output
Make sure you give complete definitions and explanations for this set of questions. When dealing with thedecrease in income, you will want to talk about the effects on thebudget constraint and the consumption bundle of the consumer.
If Mary has signed a lease for a shop with 1,000 square feet, if she is not able to get out of the lease or to expand her store in the short run, and if the price of a bouquet is $3 per unit, how many bouquets per month should she sell in the short r..
Graph shows number of workers along the horizontal axis and wages along the vertical axis. Coordinates are plotted to indicate a downward-sloping diagonal line
The cost of transporting goods and the price of obtaining information has decreased substantially over the past 100 years.
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