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The elasticity of a demand for a firm product is -3 and its advertising elasticity of demand is .18
a. Determine the firms optimal advertising to sales ration
b. if the firm revenues are $60,000 what is the profit-maximizing level of advertising?
Why might EMS provisions for the extension of central bank credits from strong- to weak-currency members have increased the stability of EMS exchange rates?
1. briefly define the following termsa.nbspnbspnbspnbspnbspnbspnbspnbsp m1b.nbspnbspnbspnbspnbspnbspnbspnbsp
The text argues that the greater the importance of an item in consumer budgets, the greater its elasticity. Health-care costs account for a relatively large share of household budgets. How could the price elasticity of demand for health care be suc..
What would have been the increase in consumer surplus? (quantify the change in consumer surplus using the same approach used in the slides to determine Lisa's increase in her consumer surplus.)
Which nation has an comparative advantage in the production of tungsten.
The percentage change in the number of trips in central London gives you one of the numbers you need to calculate an estimate of the elasticity of demand. The other number you need is the percentage change in the price a driver pays for driving in..
Explain why mortgage rates have a given interest fee hence all borrowers have to return funds issued by an increment factor?
Suppose in the banking system as a whole, demand deposits are equal to $80,000,000 and reserves are equal to $17,000,000 with a legal reserve ratio of 10%. If the Fed doubles the required ratio, by how much will the money-creating potential.
Utilizing an AD-AS diagram suppose that the economy is initially at potential output
let a countrys stochastic sas curve be given by y y nbsppi - pie sigma where sigma equals 5 in 50 of the cases and -5
The central bank decides to implement an expansionary policy action. What would you expect to happen to the nominal interest rate, the real interest rate and the money supply and credit growth? Under what economic circumstances would this type of pol..
Your company is considering a price reduction on a product which currently sells for the price of $5.00.The price elasticity for the product is roughly equal to -2.3 over the range being considered for the price change.
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