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You operate a small but popular and profitable restaurant/bar in a college town. There are several other restaurants and bars nearby. You have conducted a market research study and discovered that the price elasticity of demand for local residents is lower (less elastic) than the price elasticity of demand for college students, who are usually in town only while the college is in session about 9 months out of the year. Discuss at least two pricing strategies you can use to increase your revenues and analyze them in terms of their ability to generate additional profits. Indicate any additional assumptions you are making.
What is the relationship among Japan and Korea's unemployment. What Trends do you see in the data set.
Determine the effects of a temporary increase in the quantity of government purchases on current equilibrium output, employment, the real wage, the real interest rate, the nominal interest rate, and the price level.
An economy is facing inflationary gap shown in the accompanying diagram. To eliminate gap, should the central bank use expansionary or contractionary monetary policy?
The supply is simply the sum of the marginal cost curves of all the firms in the industry. Suppose that all the competitive firms collude to form one single monopoly firm. (Collusion changes neith the demand nor the cost conditions in the industry..
Assume the market demand curve in an industry is characterized by P=1-Q, where P is the market price and Q is the total quantity supplied to the market. Assume there are three firms in this industry.
Ellucidate explain the broad decline in house prices that occurred in those years. Is the market currently in equilibrium.
What specific kinds of research, testing, or surveying might you have performed if you were the decision maker in a similar situation in the future What, if anything, would you do differently about the assumptions being made.
Explain, with the use of demand and supply diagrams, the effect of the following events on the market for solar panels:
A trendy French restaurant is one of the first businesses to open in a small corner of a commercial building still under construction. The restaurant has received rave reviews and has lines of diners waiting for tables most nights.
Corporations A's stock is expected to pay a dividend ,D1=$5 during the next 12 months. If the current price P0, of the stock is $30, what is the expected dividend yield?
You are the manager of 3D Designs-a large company that does graphics work for Disney and other companies. You and your only competitor are contemplating the purchase of a new 3-D imaging device.
Identify an image from popular culture, fine art, advertising, television, or the internet that exhibits characteristics of propaganda as defined in the lecture.
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