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You are the Manager of a firm that receives revenue of RM 30,000 per year from product X and RM 70,000 per year from product Y. The own price elasticity of demand for product X is -2.5, and the cross price elasticity for product Y and X is 1.1.
Explain how much will your firm's total revenues (revenue from both products) change if you increase the price of good X by 1 percent? Present your answers in details.
Discuss the capture of the regulatory agency and your prediction as to the capture of the replacement regulatory agency and the politicians in the future.
A company currently sells 60,00 units a month at $10 every unit. The variable cost every unit is $6. The company decided to raise the price about 10%.
Elucidate what do the opponents of globalization criticize. With regard to consumerism, immigration, and nutrition, where do you find their critiques compelling.
What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant. Elucidate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.
Determine the quantity demanded, the quantity supplied, and the magnitude
The country of Meditor uses the merit as its currency. What were its consumption and government expenditures on goods and services.
Is there any range of production characterized by scale of economies. At Illustrate what production level are scale economies exhausted.
Do you see our communities growing closer together or further apart. One page double spaced.
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
Nancy's price-offer path is horizontal. Explain how does Nancy's expenditure on good 1 respond to changes in p1.
describe the current account balance, the capital account balance, and the official settlements account balance.
A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.
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