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How can I explain explain the market equilibrating process in relation to the following:
o Law of demand and the determinants of demand
o Law of supply and the determinants of supply
o Efficient markets theory
o Surplus and shortage
A producer produces good y using a single input x according to the production function y=x^a where 0
A sample of 500 business professionals found that 30% chose an airline based on price. a) If the population proportion of all business professionals who select an airline based on price is 0.27, then what is the probability that we would find a s..
What are the two primary factors that influence a firm manager's choice between a labor intensive and a capital intensive method of production Explain how a manager should make his or her choice in selecting the amounts of labor and capital to use..
Observe the characteristics which influenced the buying behavior of each person interviewed. Based on the people interviewed
The table listed below demonstrate the quantities of product X that a producer can produce in one growing season on a 1 acre farm using different amounts of labor.
A large processing plant is trying to decide between two air scrubbing units. The unit is required by clean air regulations and will be replaced by an identical unit of itself at the end of its useful life into the foreseeable future.
data collected in the imaginary economy of karabekiar reveals that when price of bork increased by 20%, the quantity of bork sold decreased by 15%.
The price of some stock today is $300. Assume that the stock's value in one year is a random variable X with the following probability distribution: P(x=400)=0.1; P(x=350)=0.4; P(x=300)=0.3; P(x=270)=0.2.
A group of firms in competitive market produced 20 units of a good when the market price was $2. They incurred no marginal cost. Eventually they realized the benefits they could get by teaming up and acting as a monopolist.
What will happen to Y (GDP), r (real interest rate), P(price level), and I(investment), in the short run ?The answer should indicate will these values increase or decrease in the short run.
Illustrate what effects do technologies have on costs. What are some lower cost sources the organization may utilize to reduce cost.
A firm has estimated the following demand function for its product: Calculate the advertising elasticity of demand and explain its meaning.
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