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Granny's Restaurant sells apple pies. Granny knows that the demand curve for her pies does not shift over time, but she wants to learn more about that demand. She has tested the market for her pies by charging different prices. When she charges $4 per pie, she sells 30 pies per week. When she charges $5 per pie, she sells 24 pies per week. If she charges $4.50, she sells 27 apple pies per week.
a. Is the apple pie market perfectly competitive? Why or why not? b. With this data, draw a graph of the linear demand curve for Granny's apple pies. c. Find the price elasticity of demand at each of of the three prices.
You need to load 10 ug of protein into one of the wells of a gel. This needs to be in 1x buffer and in a total volume of 15 uL. You are given a 10 ug/uL solution of protein, a 5x buffer, and water. How much of each should you mix to load the gel c..
The best we can do is to use one-way ANOVA and make sure to randomize the treatments to the experiment units. Why is such a randomization important?
A concentration of 0.5 ppm by volume SO2 in air is harmful to plant life. What is the percent by volume of this concentration
Starting with 10mL of original culture, you created three serial dilutions as follows. You removed 0.1 ml from the original culture diluted it into 0.9 ml of broth to make dilution "1".
Explain how new Classical and new Keynesian theory overcame their respective weaknesses/criticism as they borrowed from each other and are currently able to coexist successfully.
Determine the expression for the rate of reaction with respect to each of the reactants and products
The Judy Gray Income Tax Service is analyzing its customer service operations during the month prior to the April filing deadline. On the basis of past data it has been estimated that customers arrive according to a Poisson process with an average in..
DESCRIBE HOW A CHECK DRAWN ON A COMMERCIAL BANK IN NEW YORK CITY BUT DEPOSITED FOR COLLECTION IN ANOTHER BANK IN A DISTANT CITY SUCH AS SAN FRANCISCO MIGHT BE CLEARED THROUGH THE FACILITIES OF THE FEDERAL RESERVE SYSTEM.
How will this affect output and unemployment in the long run? c) Use an AS-AD graph to show the transition from the short run to the long run.
if 135 g of steam at 100 degrees C and 475 g of ice at 0 degrees C are combined, what is the temperature of the resultant water, assuming that no heat is lost?
Calculate the price and quantity associated with the perfectly competitive outcome.
The wage in Mexico is $5. The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
Discuss the point price elasticity of demand for Tweetie Sweeties. Discuss the point advertising elasticity of demand.
Estimate the macroeconomic implications and microeconomic consequences of a monopolistically competitive firm or an oligopoly firm filing for bankruptcy.
If lots of people want Euros also Euros are in short supply also a few people want Japanese yen also yen are in plentiful supply the euro is likely to.
Elucidate how would you express the demand for clothing also footwear. Risks involved holds the most risk to the subcontractor.
How much of each good does Alice buy as well as how much does she work.
Explain how global stratification impact local culture and expalin what are the positive does and the negative effects.
Illustrate what is the difference between the firm's short-run supply curve and its long-run supply curve? Make up an actual example to explain your answer.
Given your understanding of bond markets, what signals is the the bond market sending in response to the downgrade. Is this problematic.
Elucidate the concept of the opportunity cost. your answer could consider opportunity cost in the context of the production possiblity curve.
Assume the government implements MC pricing regulation. Illustrate the effects of this approach on the diagram, clearly Demonstrate price charged, quantity produced, profits, deadweight loss.
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