Reference no: EM1367827
Elasticity-
a) The price of good X goes up by 2.75%, the quantity demanded of good Y goes from 10,500 units to 25,000. What is the Exy?
What does that number mean? What is the relationship between these two goods?
b) National incomes have gone from and average of $36,000 last year to $34,000 this year. We see that the amount of widgets has changed from 102,500 last year to 105,000 this year. What is the income elasticity of widgets?
What does this number mean? What type of good is a widget?
c) Use Arc Elasticity To Find The Price Elasticity Of Demand. What does this number mean? Is it in the elastic or inelastic range?
What would happen to total revenue with the price reduction? d) Northern California Pro Bikes hired an economist to make predictions about the firm's sales and total revenue.
The economist found that the price elasticity of demand for Pro Bikes is 0.8. Should the firm increase or decrease the price of Pro Bikes? Why?
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Information on production and cost
: Gamma corporation one of the firms which retains you as the financial analyst is considering buying out Beta Corporation. Discuss how these data provide evidence of inefficiency. How could the new manager of Beta Corporation improve efficiency?
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Is-lm curve model
: In the IS-LM curve model, examine the effect of an autonomous rise in saving that is matched by a drop in consumption, describe which curve would shift?
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How many instructions executed in single time slice
: Machine executed average of 5000 instructions per microseconds. How many instructions could be executed in a single time slice?
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Ability to provide quality care
: How will the measurement of these indicators enhance or detract from the capability to provide quality care?
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Total revenue with the price reduction
: What is the Exy and what does that number mean and what is the relationship between these two goods - What would happen to total revenue with the price reduction
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How much income do corn farmers receive
: How many bushels of corn are purchased by consumers and at Illustrate what cost. By government. How much does program cost government. How much income do corn farmers receive.
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Economic output problems
: Write down a paragraph explaining how the Hernandez Corp. finds the least cost combination of inputs for producing the given rate of output.
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Interest parity condition change
: Would the interest parity condition change if all foreign exchange transactions were subject to a one percent transaction fees? If not, explain your reasoning.
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Estimate for risk management in accompanying data
: Estimate for risk management as shown in accompanying data, which vulnerability must be evaluated for additional controls first? Which one should be evaluated last?
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