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Dakota Publishers prints coffee table photo books of the mountain states and Great Plains. The marketing manager normally prices books at $35 each, and sales an average of 4,000 per month. Last month, she had a sale and priced volumes at $22.50 each, selling 8,500 copies. Compute the price elasticity for these books. Explain how elasticity’s should be used in pricing decisions. If you were responsible for setting the price of these volumes, what would you choose and why?
The weekly demand for beer
many experts assert that globalization has essentially made us less independent and more closely connected to other
The technology is now expanding so that road use can be priced through computer. A computer in surface of the road picks up a signal from your car and automatically charges you for use of road.
according to milton friedman business has only one social responsibility - to make profits as long as it stays within
in 2010 many unskilled workers in the united states earned the federal minimum wage of 7.25 per hour. by contrast
a firm has 2000000 in sales a lerner index of 0.56 and a marginal cost of 35 and competes against 900 other firms in
Lindenwood Valley believes the Massachusetts statute violates the U.S. Constitution by denying it due process of law. Lindenwood Valley also claims that the Massachusetts statute should be struck down because it violates the Commerce Clause. The..
Consumer Sovereignty & Dollar Votes guide the market system in dealing with which fundamental question a) What will be produced b) How is the output to be produced c) How can the system accomodate change d) Why is to recieve the output
1. use the following to calculate profit at each quantity of output.total output qnbspnbspnbspnbspnbsp price
Each consumer is given a voucher which entitles her, free of charge, to fifty units of education. (of course she can also use the voucher to cnosumer, free of charge, less than fifty units) If she wants more than fifty units of education
Imagine a world with two individuals, a rich one denoted by R, and a poor one denoted by P. Both individuals consume gas, and their demands are given by QR = 100 - 0.5P and QP = 60-P respectively, where P is the price of gas, and QR and QP are..
With quantity (Q) measured in oranges per day and price
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