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Given the demand function for a company is Q1=4850-5p1 + 1.5p2 + 0.1Y given that Y= 10000,p1=200 AND p2 = 100.
Find and interpret income elasticity of demand for P1.
Find and interpret the cross price elasticity of demand for p1 and p2 indicating the relationship between the two product
Fid the own price elasticity of demand for p1
if the price for p1 fell by 10% what will be the percentage in its quantity demanded
suppose in the market for apartments in seattle the equilibrium price is 1000 a month and the equilibrium quantity is
Sir Plus has a demand function for mead that is given by the equation D ( p ) = 100 - p . If the price of mead is $85, how much is Sir Plus's net consumer's surplus
A traffic light is set to switch from red to green according to a uniform distribution with a mean of 45 seconds. The difference between the smallest and largest number of seconds it takes the light to switch is 8 seconds. what is the median number o..
retailers such as neiman marcus and rei have generous return policies. other retailers provide price-match guarantees
what is the cpi consumer price index and what significance does it hold in regards to goods and services? please
suppose that there are 10 million workers in canada and that each of these workers can produce either 2 cars or 30
Draw the payoff trees of each assets
1. if there are diminishing returns to the variable input will average variable cost necessarily increase with increase
suppose five rational roommates are deciding on a place to have coffee together. there are four alternatives peets
William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William pizza shop owns four ovens and the cost of the four ovens is $1,000. Each worker is paid $500 per week.
the boos co. just issued a dividend of 2.40 per share on its common stock. the company is expected to maintain a
the firm currently uses 50000 workers to produce 200000 units of output per day. the daily wage per worker is 80 and
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