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Suppose that a producer raises the price of a good from $8 to $15, and the quantity sold drops from 250 to 40 units. Is the demand for the good is elastic or inelastic?
To raise money for a new business a man asks you to loan him some money. He offers to pay you $3000 at the end of four years. How much should you give him now if you want 12% interest per year on your money?
q. a firm in a purely competitive business is currently producing a 1000 unitday at a total cost of 450. if the firm
An interest rate of 10% compounded continuously is desired on an investment of $15,000. How many years will be required to recover the capital with the desired interest if $2,030 is received each year? (Please show formula used and work)
You are considering a project with an initial cash outlay of $72,000 and expected cash flows of $22,320 at the end of each year for six year . The discount rate is 10.3 percent. The payback period of the project is ___ years
Roshima is researching universities where she could study for her MBA degree. She is considering 3 major attributes that she considers important in her choice
In a study published in 1980, B. B. Gibson estimated the following price and income elasticities of demand for six types of public goods: Do these public goods conform to the law of demand? For which public goods is demand price elastic? What types o..
If there are two firms in the market, what are their profits after taking into account the entry cost?
Describe the social and economic repercussion of the following inventions: the typewriter, the jet airplane, television, penicillin. Which do you think is greater in each case - the social or the economic impact?
Suppose that firm A and firm B can form a joint venture to pursue either or both of their R&D programs.
Explain why do people routinely stuff themselves at â. all-you-can-eat-buffetsâ. Elucidate in terms of both utility and demand theories.
Visualize you are a manager for good or service used. From results of the deterioration equation, recommend strategies to either preserve demand if an increase over 3 periods occurs or improve demand
What are the social and global economic impacts on health care in the present day relating to budgetary cuts from the various levels of government (local, state, and federal)?
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