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Assume the elasticity of demand for chewing tobacco is .60 and the elasticity of supply is 2.30. Suppose an anit-chewing tobacco campaign decreases the demand for chewing tobacco by 18%. The equilibrium price of chewing tobacco will decrease by %?
Suppose a production function is given by f(K;L) = KL 2 What combination of labour and capital minimizes the cost of producing any given output?
Assume that the following table describes prices, incomes, and every person lobster consumption in three U.S. cities.
Williams and Westrich stock is currently selling for $15.25 per share, and the dividend is expected to continue.
what conditions might the Justice Department approve a merger between two companies that operate in an industry with a premerger of Herfindahl-Hirschman index of $2,900 if the post merger index is expected to increase by $225?
Plank's Plants had net income of $2,000 on sales of $50,000 past year. The company paid a dividend of $500. Total assets were $100,000, of which $40,000 was financed through debt.
Make an analysis by answering questions below. Suppose that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place:
Write a short explanation of the article using one of the following economic models: GDP, AD & AS or circular flow of income and describe the economic situation in the UAE based on the article.
Compute the price of the stock. A stock has a P/Sales ratio of 3. Sales per share is $16. Find the price of the stock.
Compute the annual lease payments. Remember, the payments are to be considered at the beginning of each year - annuity due.
Describe the following statement: "In competitive market the least-cost production methods are revealed by entry and exit, while in public utility regulation they're revealed by commission rate hearings. It is easier to fool commissi..
Colin faiths that the number of job offers he will get depends on the number of courses. He concludes from observation that the following figures are typical.
Choose five innovations associated with the Industrial Revolution and five innovations from the Technological Revolution. For each innovation, identify the effects it had on individuals, societies, businesses, and politics.
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