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If the own price elasticity of demand for computers is E = -3/2, a 10% decrease in the price of computers will
A. Decrease the quantity demanded by 10%
B. Decrease the quantity demanded by 15%
C. Increase the quantity demanded by 10%
D. Increase the quantity demanded by 15%
Think of an externality in your community. Explain what type of externality it is. How can it be resolved (through the market and/or through government policies)?"
How much should it raise government spending, if the government looks to raise income to 3000.
How do you calculate the Mean Squared Regression from the Sum of Squared Regression?
You've recently learned that the company where you work is being sold for $475,000. The company's income statement indicates current profits o. $18,000, which have yet to be paid out as dividends. Assuming the company will remain a " going concern" i..
Total industry sales are $105 million. Top four firms account for sales of $10 million, 9 million, 8 million and $5 million, respectively. What are four firm concentration ratios.
what actions would you take to test the hypothesis. Following your test illustrate what actions would you take if the hypothesis must be rejected given the outcome of the test.
explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost.
Consumer spending during holiday seasons affects the aggregate demand (AD) in the economy. AD drastically declines during serious recessions. Explain what President Roosevelt might have been trying to achieve, using the model of aggregate demand and ..
A few questions in this problem set are based on the comments made by James Love to Congress regarding antitrust policy and the Petroleum industry. These are found at the end of the module on Antitrust Policy. What is it about the petroleum industry ..
Do you think the net effects of trade blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs.
Illustrate what are the major determinants of price elasticity of demand. Use those determinants and your own reasoning in judging whether demand for each of the following products is probably elastic or inelastic.
q1. kieso company borrowed 710000 on a 120-day note at 14 percent interest. the money was borrowed for 45 days in 2011
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