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1. If as price decreases by 10 percent, total revenue increases by 5 percent, what is true about demand?
2. In 2014, India substantially increased its import tariff on sugarcane. Which of the following would the model of supply and demand not predict?
3. A local market for new wood pallets has daily demand described by P=195-0.2Q and supply described by P=87+0.1Q. Calculate the equilibrium quantity.
4. Suppose a market has a supply described by P=5.0+0.2Q and a demand described by P=8.0-0.1Q. Calculate the equilibrium price.
Many universities allocate financial aid to undergraduate students on the basis of some measure of need. does this price reflect pure charity or price discrimination? if it reflects price discrimination do you think it lies closer to first degree dis..
Economies of scale can be quickly exhausted not everyone wants to ‘shop' from same ‘store' size can also mean diseconomies of scale if focus Is lost and conflict of interest what matters to shareholders is profitability not Challenges (contd.) Do..
Talk about six economies of worth, or sets of values, that we prioritize differently. Although we may not always prioritize our values the same way in different situations, I'd like to think about how you would rank these six economies of worth for y..
The terms of the loan are not renegotiated, so the borrower has a guaranteed nominal interest rate of 10%. What is the expected real interest rate for this loan?
Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 workers the firm produces 90 units of output. Fixed costs of production are $6 and the variable cost per unit of labor is $10. T..
The Pizza Company is considering entering the marketplace in your community. Use the information from "The Pizza Company Data" worksheet, located in Week 3 of your course shell, to complete this assignment.
Consider competitive markets, monopolies, and oligopolies. Illustrate what role does each of these play in an economy.
If there is a negative price shock, what will be the effect of countercyclical monetary policy on output and inflation. When will these effects occurred if there are time lags. What is the fed's goal in using countercyclical policy?
The Supply curve
Explain how much will your firm's total revenues (revenue from both products) change if you increase the price of good X by 1 percent.
q1. josephine makes 100 a day as a flower shop attendant. she takes off two days of work without pay to travel to
Illustrate what is your suggested mix of pricing also non-pricing strategies
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