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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.
What would you do if patent law prevented your rival from cloning your product.
Illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born today.
If a company wants an employee about 14 dollars per hour to produce 60 units per hour plus it provide a base salary of 7 dollars per hour, what should be the incentive rate per hour?
What is meant by the monetary approach to exchange-rate determination? What are its major predictions concerning exchange-rate movements? Give examples.
Illustrate what are the arguments for using real per capita GNI to compare living standards between countries.
What are the differences among horizontal, vertical, and conglomerate mergers? What does the U.S. government hope to achieve through the use of its antitrust policy
A firm sells a product in a purely competitive market. Illustrate what would the price of wheat be in the absence of trade.
q.suppose there are two types of men and two types of women goodbad and assume further that same-sex marriage is not
Briefly critique the attached article in no more than the equivalent of 3 pages , focusing on the key environmental implications and economic arguments, with your personal reactions included.
To what extent to do you agree/disagree with the actions of the central banks during this time?
In an essay of at least two well-developed paragraphs, explain how financial institutions affect businesses and households.
Which of the following is viewed as a fundamental building block of the U.S. economic way of thinking?
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