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Q1. Manipulate demand of price elasticity. Suppose that 50 units of a good demanded at a cost of 1 / unit. A reduction in price to $.20 results in an increase in quantity demanded to 70 units. Show that these data yield a price elasticity of $0.25. Explain by what percentage (%) would a 10% rise in the price decrease the quantity demanded also assuming price elasticity remains constant along the demand curve?
Q2. Explain the connections between opportunity cost and the production possibilities frontier?
Although firm expects the order to be of 6 units, determine the minimum average cost of the firm with these different order sizes.
what happened to the overall price level. Explain how might you construct a measure of the change in the price level.
Assume that an investment is forcasted to produce the following returns: a 20% probability of a $1200 return; 50% probabilty of a $5600 return and 30% probabilty of $9500 return. What is the expected amount of return this investment will produce?
Amacon is a bicycle manufacturer that produces approximately 5,000 bikes each month. In order to meet that demand, Amacon needs 10,000 rubber tires at its assembly plant on the last Thursday of each month. Please explain the answers to the followi..
q. now that you have learned some of the basic principles of organization pause and think of where you have already
Calculate consumption expenditures as a percent of real GDP for all years and calculate GDP growth in 2011 and 2012.
A profit-maximizing firm in a competitive market is currrently producing 100 units of output. Elucidate firm's profits, marginal cost, and average variable cost respectively.
As if prices increase by 3% per year over that time, approx explain how much do you gain by keeping $100 in the bank for a year.
Explain how many hours of leisure does she consume. How many dollars of consumption does she consume.
Suppose firms compete in quantities. How much does each firm sell in Cournot equilibrium.
Discuss the positive aspects of globalization and contrast these with the negative aspects of globalization from the perspective of a small business. Be sure to address to pros and cons of outsourcing in your response.
Imagine you are a manager for the good or service used above. From the results of the regression equation, suggest strategies to either maintain demand.
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