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Use the mid-point formula to calculate the price elasticity of supply (arc elasticity) for a given product under two scenarios:
a) When the price of a good is $100, 25 units are supplied. But when the price increases to $125, 30 units are supplied.
b) When the price of a good is $100, 25 units are supplied. But when the price decreases to $125, 35 units are supplied.
Which case is more likely to happen in the long-run? Explain why.
How many units of labor should be employed? b. How many units of capital should be employed? c. What would be the total cost of production?
Acme Universal is a micro-cap that had a $3,000,000 drop in taxable income this year. Their drop in taxes was $1,030,000. For each of the following, determine the largest amount that meets the conditions given above.
Mary Carey, a clever 3360 student, has borrowed $125,000 at 8% from her parents. She is asking Dragon Kevin for $75,000 to start her own business. Kevin requires that the business make a 12% rate of return. If they both agree, what is Mary's before-t..
Explain how central bank manages a nation's monetary system. Outline stated direction of recent monetary policy in United States.
q.on january 2d 2012 canon expects to ship 750000 all-in-one fax printers and copy machines from its plant in japan to
His parents claimed that hospital doctors administered excessive oxygen to the baby and that this caused the blindness.
q.pcc and cdw are two online retailers which compete in an internet market for digital cameras. their products are some
Using a wholesale cost of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Following issues will be addresses: strength of dollar on domestic and global economies, profits from tariffs or quotas and losses from tariffs or quotas.
Illustrate what did he know about costing to the chain store representative was overlooking. Be sure to describe or chart the shape of Morita's costing.
q.a firm is using 30 units of labor and 20 units of capital to produce 4000 units of output. at this combination the
q.assume that the economy is in a long run equilibrium where the inflation rate is greater than the optimal rate i as
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