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Presume the own price elasticity of demand for good X is -5, its income elasticity is 1, its advertising elasticity is 3, and the cross-price elasticity of demand among it and good Y is 4. Decide how much the consumption of this good will change if:
1. Income increases by 4 percent.
2. Advertising decreases by 2 percent.
3. The price of good X decreases by 5 percent.
4. The price of good Y increases by 8 percent.
research information on this company that have engaged in monopoly behavior of microsoft and explain how society has
Huntington advice that the emerging global economy will rising be faced with violent clashes between civilizations. Describe what Huntington means by the term civilization and explain why such clashes may be expected.
The real risk-free rate of return has been estimated to be 2 percent under current economic conditions. The 30-day risk-free rate (annualized) is 5 percent. Twenty-year U.S. government bonds currently yield 8 percent.
twenty-five thousand shares reacquired by elixir corporation for 53 per share were exchanged for undeveloped land that
a monopoly faces demand given by q 200 - p. the marginal cost mc 10 is constant. the marginal revenue mr 200 - 2q.a.
define protectionist policies and describe how the imposed restrictions work and analyze the impact of such
Who has a comparative advantage in producing wine and who has a comparative advantage in producing schnitzel?
1. Bill Gates argue that world poverty as we know it can be ended by 2020. What myths has the work of his foundation debunked and can what he has learned work here at home?
Review government policy concerning educational reform and determine the best possible way to proceed. Explain your rationale.
government regulation principal regulatory mechanisms please respond to the followinga. determine which of the major
Suppose that instead of maximizing profit, the firm wants to maximize total revenue. Using algebra determine the optimal output, price, profit and revenue for the firm.
An investor is considering buying some land for $100,000 and constructing an office building on it. Three different buildings are being analyzed.
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