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Suppose there is a new tax on data usage. The cum-tax monthly bill increases by 15%.
i) If the price elasticity of demand is -0.45, how much does the quantity demanded change?
ii) Statement: the data plan providers are definitely worse off. True, false, uncertain, or not enough information? Why?
Suppose that people expect the Fed to hit its inflation target. A: Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
price elasticity of demand for stock is 1.5. this means that foe every 10 increase in stock prices the quantity
If the market of a certain product experiences a decrease in supply and an increase in demand, which of the following results is expected to occur?
Explain the difference between the Industry (external) view and the Resource (internal) view of sustainable competitive advantage. Make sure you explain Porter’s Five Forces model and the resources and capabilities emphasized by the Resource Based Vi..
Imagine which you are presently a college student working at a part time work. You have Concluded the subsequent as such sally projected expenses also revenues.
'The Theory of Individual Behavior', and much of the chapter is devoted to the use of indifference analysis to build a framework for demand theory. Indifference analysis goes to great lengths to explain consumer behavior and how consumers make choice..
Why do brides spend so much money on wedding dresses, whereas grooms often rent cheap tuxedos, even though grooms could potentially wear their tuxedos on many other occasions and brides will never wear their dresses again?
Distinguish between a balance-of-payments surplus and a balance-of-payments deficit in terms of payments of official reserves.
What arguments can be made for charging a lower than the profit-maximizing price. What price from the available prices do you recommend.
This might be interpreted as an upward shift in the consumption function. How does this shift affect investment also the interest rate.
Average visit per week equal 640 when the copayment is $40 and 360 when the copayment is $60. Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 640 and $40 as the denominators for percentage c..
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
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