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Question: When Apple raised the price of iTunes from $0.99 to $1.29, GS Boyz' "Stanky Legg" sales dropped from 22 comma 686 units to 19,692 units (Peoples, Glenn, "iTunes Price Change: Sales Down, Revenue Up In Week 1," Billboard, April 15, 2009). What was the song's arc elasticity of demand? The song's arc elasticity of demand is epsilonequals nothing. (Enter your response rounded to three decimal places and include a minus sign.)
Describe the shape of a typical demand curve. The response must be typed, single spaced, must be in times new roman font.
a describe using examples the three types of unemployment we generally come across and which of these are included in
Explain why a set of tax prices such as the one proposed in (a)(ii) is unlikely to provide the proper incentives for individuals to reveal their true.
Produce the profit maximizing level of output and therefore there will be no deadweight loss associated with this production.
Suppose you decided to follow in Vernon Smith's footsteps and conducted your own experiment with your friends.
You are a business adviser for Alba and Gavigan. Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetration price, with supportive reasoning for and against each pricing alter..
Let the demand for sweaters in a small open economy be given by Q = 200 - 2P. Let the supply for sweaters in a small open economy be given by Q = 3P - 100. What is the amount of the quota
As noted in the syllabus, the reading for this module is Chapter 2 of Ehrenreich's book. You also need to view the video "30 Days -- Getting by on Minimum Wage" with Morgan Spurlock.
Explain and show graphically, with reference to indifference curves and Isoprofit curves, why there has been growth in fringe benefits relative to wages?
Computer Colleagues, Inc., wants its name on the computer engineering building planned for the campus. For naming, the university requires that 60%.
Write a summary paper about the Chapter 24 "Perfect Competition". Distinguish between four market structures. Explain the short-run output rule and the break-even price.
How does the ERM operate? What is the advantage of freely floating exchange rates? What is ‘dirty floating'?
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