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Suppose the own price elasticity of market demand for retail gasoline is -0.5, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,550,000 annually. What is the price elasticity of demand for a representative gasoline retailer’s product?
q.suppose the cfo of an american corporation with surplus cash flow has 90 million to invest and the corporation does
A natural monopolist has a cost structure C(q) = 400 + 25q and faces market demand D(p) = 200 - 2p. Solve for the monopolist's profit, output, and consumer surplus when price is set to average cost.
What are the implications for international business of differences in the dominant religion, social structure, and educational systems of a country? How do religion, social structure, and education combine to form a system that defines the culture o..
REAL WAGES AND PRODUCTIVITY—ARE WORKERS' PAYCHECKS KEEPING UP? Over the long run, real wages grow at about the same pace as labor productivity. Select Productivity: Output Per Hour - Non-farm Business Productivity to find current information on perce..
Assume that the marketplace for engagement rings is in equilibrium.
Supposed objective function is changed to, do you need to re-graph feasible region of this LP. Why. What is solution for new LP. Is it unique.
What is the market equilibrium cost. What is the equilibrium number of firms in the market.
Illustrate the solution graphically using Labor Supply / Labor Demand and Production Function diagrams.
Isabel's preferences for consumption C and leisure L can be expressed as U(C, L) = (C – 120) x (L – 90), implying that her marginal utility of leisure is (C – 120) and her marginal utility of consumption is (L – 90). What is her marginal rate of subs..
Elucidate how principles of economics affect decision-making, interaction and workings of economy as a whole.
Explain the likely effects of a U.S. recession on the demand for Canadian exports. What would be the effect on Canadian aggregate demand? Suppose the Bank of Canada viewed its monetary policy as being appropriate (for keeping output close to potentia..
Don is considering buying a truck at a cost of $30,000. He is planning to keep the truck for four years and is hoping that the truck will sell for $10,000 at the end of year 4. He estimates that the insurance and maintenance costs will be $2,000 in y..
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