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Q1. From the price elasticity calculated above we can say that if the price of x increases by 10% then its demand will fall by 3.87% approx. Since the elasticity of demand is inelastic, total revenue test of elasticity states that total revenue will increase as price increases.
Q2. With the statement are you agree or disagree: "A monopolist constantly charges chief possible price."? Explain. Why an individual firm cannot raise its price by reducing output - lower its price to increase sales quantity in a purely competitive market?
Q3. In the context of share holder maximization model of a firm, what is the expected impact of each of the event on the value of the firm?
Illustrate what might a more proactive Motorola have done dissimilarly had it correctly perceived the steps its rival Nokia would take.
Why is the average viewer of TV news or the average reader of a newspaper interested in the fluctuations in prices in the stock marketplace.
Illustrate what is the effective rate of protection for sneakers.
Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to protect consumers?
When politicians using polling data emphasize issues to polls have given more importance than necessary they have fallen
Currently, the retailer sells 50 suits per week for $200 each. The retailer wants to sell the entire stock of 200 suits during the next year. What should be the sales price?
assume that your business is visible and an important member of the community. would the government encourage a
In market economics, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. Why the difference.
What do they perdict will happen to labor market participation rates in the comming years? What impact are these events expected to have on the economy's potential GDP and why?
Electrocomp incurred an oversupply of fans in the preceding period, management also insists that no more than 80 fans be produced during this production period. Resolve this product mix problem to find the new optimal solution.
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week. If this is a two-good, two nation model
Elucidate how the investor's curves would appear if she adopts the 50:50 strategies but would not accept any additional return.
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