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the manager of a firm that receives revenues of $40,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is -1.8.
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Compute the value of the price index for GDP for 2006 using 2005 as base year. By what percent did prices rise?
How does your company or management go about estimating its sales? How does it determine the demand for new products so that it can make a production run?
Illustrate what would the total price be at 99,000 miles rounded to the nearest dollar amount.
Explain with the aid of a diagram what happens to the money supply, money demand, the value of money, and the price level if people demand less money at every price level.
Elucidate which major reasons justify the importance of country risk analysis for the investment portfolios.
You have just won a lottery! You will receive $50,000 a year beginning one year from now for twenty years. If your required rate of return is 10 percent,
In August 2002, preliminary information showed that payroll employment increase 39,000, household employment increase 429,000, and the unemployment rate fell from 5.9 percent to 5.7 percent.
Illustrate what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources.
Suppose that the income effect of the tax induced price change is negligible, the excess burden of the tax will be.
Explain how does the availability of substitutes affect purchasing decisions.
The largo Publishing House uses 400 printers and 200 printing presses to produce books. A printer's wage is $20 and the price of a printing press is $5000.00. If not, how should the manager of Largo Publishing house adjust input usage?
Elucidate the mechanisms through which improvements in population health can lead to improvements in income levels.
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