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Q. "The short-run elasticity of demand for gasoline is estimated to be about $15.00, but the long-run elasticity is about 0.9. Explain, based on the determinants of elasticity, why the short-run elasticity is so low (inelastic), but why elasticity is far higher (though still inelastic) in the long run."
Q. Explain how does a firm determine its prices also the quantity of labor need in the resource market during a specific period?
How does a firm determine its demand for capital funds during a specific period?
What is the ideal relationship between knowledge of costs and knowledge of revenues for a firm? In your response, explain and justify your conclusions and provide examples to support such conclusions.
The annual operating and maintenance expenses are estimated to be $1,000. If Convington's MARR is 15%, how many years will it take before this machine becomes profitable.
She can charge different prices in the two markets. Illustrate what is the profit-maximizing combination of quantities for this monopolist.
Trades are seasonal, with higher trades during the spring also summer quarters also lower trades during fall also winter quarters. Which inconsistents of the model are statistically significant.
Illustrate what environmental law, currently up for debate before a state or federal government, do you support also why.
If typographical errors occur andomly, about how many pagesin book have three typographical errors. What is the median number of typographical errors per page.
Elucidate how do you compute the effective price reduction resulting from a coupon promotion.
How does theory hypothesize that a current account trade deficit will be resolved.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
Distinguish between the resources market and the product market in the circular flow model.
Why as a result of rise in exchange rate, the amount of imports fall but not as much as it does when the supply is perfectly elastic.
Use a model of the money market to explain why changes in nominal or money GDP are associated with changes in interest rates.
Compute the profit-maximizing output for the price leader. Illustrate what the market price is given the price leader's output in (c). Elucidate how much does each competitive firm produce.
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