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Q1. Cost Mart reduces the cost of a 42 inch TV Plasma from $1,200 to $1,000. As a result sales of TV Plasmas increased from 30 units a month to 42 units a month. Calculate the cost elasticity of demand as well as for TV Plasmas. How could we classify the demand as well as for TV Plasmas?
Q2. COST MART offered a whopping 10% discount on the average cost of TV Plasma for father's day. Customer response was so enthusiastic that unit sales rose by 15% over the previous month's level,
a. Calculate the point cost elasticity of demand as well as for TV Plasma during the month of the discount.
b. Calculate the profit maximizing cost per unit if COST MART has an average wholesale cost of $350 as well as incurs marginal selling cost of $100 per unit.
If typographical errors occur andomly, about how many pagesin book have three typographical errors. What is the median number of typographical errors per page.
A competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.
Discuss the pros and cons of annuities when compared with other financial instruments and whether they provide a better investment opportunity for some people.
The narrator is consumed by the idea that human begings do not actually have free will. How is his free curtailed on the nadir, and how does he fight back.
When and where did modern economic growth first happen. What are the major institutional factors that form the foundation for modern economic growth. What do they have in common.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
Use the 2007 numbers in the first column to compute, for each of the four countries, the percentage gap between the steady-state ratio.
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
Suppose that an increase in crime (O) also results in a per unit amount of social damage equal to d(d>0).
What price and quantity will result once the copyright expires and competition emerges in this market. Elucidate your answer.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
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