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In forecasting, MacDonald's Wing® discovered that when it opened its store to the public, it was able to sell 5,000 parachutes in the first year. Given the equation; y=a+bx. Where 'y' represents the number of sales and 'a' is the number they started with (200), what is the slope of this equation after 2 years?
Suppose the demand for a product is given by P = 40 4Q. Also, the supply is given by P = 10 + Q. What is the price elasticity of demand at the equilibrium price?
There're 10 auto firms in this problem each showing their market share percentage (US auto industry). The proposed merger involves Ford 22% and BMW 1%.
Economics is about trade-offs. If more scarce resources are used to produce one thing, fewer will be available to produce others.” Evaluate this statement
in a competitive market the market demand is qd 400 - 5p and the market supply is qs 10p - 80. a price ceiling of 32
quadplex cinema is the only movie theater in idaho falls. the nearest rival movie theater the cedar bluff twin is 35
what happens to the indifference curves when a households income is reduced?questionwhat is a budget constraint? how
a manufacturing plant is planning to replace outdated equipment with more energy-efficient and environmental-friendly
the table below shows the demand and supply schedules for on-campus
The fashion (clothing), consumer electronics, fine fragrance industries are knwon to practice or have practiced resale price maintenance. In each case,indicate the probable motivation for RPM and the likely welfare consequences.
What is the percent change in consumption since you were born? What is the percent change in real disposable income since you were born? Would it be correct to connect points A and B with a ruler and call it a consumption function? Why or Why no..
Define cross-price elasticity, including substitutes and complements and provide a credible explanation of whether demand would tend to be more or less elastic for the share of consumer income devoted to a good.
Suppose that there is a decline in the cost of a unit of capital. In the long run a.) What will be the substitution effect of this change on use of capital and labor, and why How would this be shown on an isoquant diagram (a diagram isnt needed, j..
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