Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Following table shows data for two markets A and B
Year
Average consumer Income
Price per unit of A good
Quantity of A good
Price per unit of B good
Quantity of B good
1
$30,000
$6
200
$50
80
2
$7
180
75
3
160
$60
70
4
$36,000
74
1. What is the price elasticity of demand for good A? Is the demand for this good elastic or inelastic?
2. What is the price elasticity of demand for good B? Is the demand for this good elastic or inelastic?
3. What is the income elasticity of demand for good A? Is this good normal or inferior?
4. What is the income elasticity of demand for good B? Is this good normal or inferior?
5. What is the cross price elasticity of demand of good A for a change in the price of good B? Comment on the relationship between good A and good B.
German auto producer BMW currently produces two types of automobiles, sports utility vehicles (SUVs) and coupes, in its U.S. plant. Since it opened in 1994, the company has made several strategic production decisions.
(a) Calculate the number of firms on market
Give an example of a pair of goods, e.g., all green beans and blue lake green beans, where one good has a more elastic demand than the other.
Compare the equilibrium price and quantity of consumer loans before and after the Truth in Lending Simplification Act.
How much is the per-unit tax on cigarettes and what price do consumers pay after the tax - how much tax revenue is collected?
How does globalization reduce the costs of production - Is it likely that all U.S. jobs one day will have moved abroad? Why or Why not?
Describe the ways in which the government provides a safety net for banks. How has that safety net evolved over time?What four main factors determine whether a bank merger or acquisition will be allowed?
Suppose you were the manager for this business and charged with reducing total remuneration costs to $24,000,000. What category or categories would you cut? Why? Need to provide the equation(s).
Does this reflect an absolute or a comparative advantage - Name 4 issues that you will encounter as you become a multinational corporation.
What happens to the student's budget line? Illustrate the change with new books on the vertical axis. Is the student worse off or better off after the price change. Explain.
you are a member of a presidential commission appointed to consider a mandatory national health insurance plan and the
Suppose you run a manufacturing business that is involved in manufacturing and selling a single product. The fixed cost to run the business is $15,000 and the constant marginal cost is $7.50 per unit. The sale price of your product is $15 per unit.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd