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Q. How to calculate the elasticity coefficient between each of the seven prices and indicate whether the character of demand is Elastic (E), inelastic (I), or unitary (U) at that midpoint. Also indicate the Total Revenue for each price. Round to the nearest 1/100. When highway departments receive bids from guard rail and other construction firms, they regularly open the sealed bud tenders and announce the identity and the bid of the winning bidder. Do you think that this practice facilitates or hider's collusion among the construction firms?
A social scientist claims that the average adult watches less than 26 hours of television per week.
Illustrate what is her MPC (Marginal Propensity to Consume) in this case.
Describe the point at which diminishing returns occurs. indicate the points that delineate the 3 stages of production.
Use indifference curve analysis to show how the Social Security pension system can reduce annual consumption for some workers who have a strong preference for current versus future consumption.
The graph also shows the marginal revenue curve faced by this firm. Elucidate how much profit does the monopolist earn.
Suppose that, for the population of all entering freshmen, the distribution of the number of correct answers would be normal with a variance of 250. what is the probability that sample variance would be less than 100?
Elucidate which is more cost-effective. If the salary rate increased to $12 an hour, which would be more cost-effective.
Suppose the price is currently $2. Illustrate what problem exists in the economy. What would you expect to happen to price.
how much output should the firm allocate to market 1? Approximately how much output should the firm allocate to market 2? What is the approximate price that will be charged in market 1?
Suppose that only data on in action were published but not on claims for unemployment. What would be a reaction of the USD/EUR in that case.
q1. what are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th
Suppose that workers can be hired competitively at a wage of $200. Explain how many workers will they hire at this wage.
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