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You operate a small but popular and profitable restaurant/bar in a college town. There are several other restaurants and bars nearby. You have conducted a market research study and discovered that the price elasticity of demand for local residents is lower (less elastic) than the price elasticity of demand for college students, who are usually in town only while the college is in session about 9 months out of the year. Discuss at least two pricing strategies you can use to increase your revenues and analyze them in terms of their ability to generate additional profits. Indicate any additional assumptions you are making
Bob as well as Nancy live in a new housing development as well as they would like to have fire hydrants installed to assist the fire department in case of a fire.
What are some contemporary technology issues? How do we learn to accept the social responsibilities of educated citizens in a global technological society?
In the simple Keynesian model, if output exceeds aggregate expenditures, According to the Keynesian analysis, as income increases, the marginal propensity to consume will rise. In the classical model, a self-regulating market would. According to the ..
What are the functions of money? What is the difference between fiat money and commodity money? What are the two responsibilities of the Federal Reserve? Please explain how the three traditional tools of monetary policy work in terms of expansionary..
Three policies used to restrict trade are: Tariffs, Quotas, and regulatory trade restrictions. Discuss pros and cons of each. If the government has to decide on one which one it will?
In this forum, share your thoughts on what you feel is the most important environmental issue we face Be specific and include at least one link to a specific (factual - not a blog) website or internet article that deals with that issue and a brief ov..
He claimed that he was not bound by the regulations because he never knew that they had been adopted. Is he bound by the regulaions?
If her goal is to maximize the amount of money she can make every week, explain how many hours will she work at the bookstore.
Graphically elucidate the derived storage function and carefully explain and show how you determined the location of the two intercepts of the function.
Suppose that the nominal rate is 24%, and inflation is 6%. What is the real interest rate?
Which of the following is true about income levels in Western Europe and Latin America before 1700? Average income in Western Europe was higher than that in Latin America.
q.suppose the market demand for apples is given by qd 1600-100p and there are two firms operating in it each with a
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