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1. Suppose Amanda Herman finds that her total spending on compact dics remaing same after the price of compact fall, other things equal. Which of the followin is true about Amanda's demand for compact dics with the price change. (a) It is perfectly price inelastic (b) unit price elastic (c) it is perfectly price elastic (d) It increased in response to price change2. If a business increased the price of its products form $7 to $8 when the price elasticiy of dmand was inelastic, then(a) total revenue decreased (b) total revenue increase (c) total revenue remain unchange (d) total revenue were perfectly inelastic3. In which range of the demand schedule is demand price inelastic
Price Quantity Demand11 509 1007 2005 3003 400(a) $11-9 (b) $9-7 (c) $7-5 (d) $5-3
4. From a time perspective, the demand for most product is(a)less elastic in the short run and unit elastic in the long run(b) less elastic in the long run and unit elastic in the short run(c) more elastic in the shor run than long run(d) more elastic in the long run than in the short run7. For which product is teh income elasticity of demand most likely toe be negative (a) automobile (b) bus tickey (c) computers (d) tennis racket
David Ding advertises on a local radio station. For last 6-weeks, the manager has kept records of the number of minutes of advertising that were bought, and the sales for that week.
MNCs have business units in different geographic areas. This leads to interaction in different languages and cultures.
A 3*9 FRA has an agreement rate of 4.75 percent. You believe 6M libor in 3M will be 5.125 percent. You decide to take a speculative position in a FRA with a $1,000,000 notional value
According to the chief engineer at the Zodiac Corporation, Q=AL^a K^b, where L is the rate of labor input, Q is the output rate, and K is the rate of capital input.
A portfolio manager is being evaluated based on the time-weighted average rate of return. If the manager had achieved annual returns for the past three years of 2.5 percent, 14.5 percent and 9 percent on one initial investment of $500,000,
A company uses two inputs to produce a final good. If the price of one of the inputs raise and price of the other remains the same
The organization and coordination of the activities of a business in order to achieve defined objectives.
Suppose a company that uses two inputs. The quantity used of input 1 is denoted by x_1 and the quantity used of input 2 is denoted through x_2.
Marty's Frozen Yogurt is a small shop that sells cups of frozen yogurt in university town. Marty have three frozen-yogurt machines.
Assume a company is operating at the minimum point of its short-run average total cost curve, so that marginal cost equals average total cost.
Determine what will the sustainability movement look like over next twenty years? What issues do you expect to take center stage? How will business respond?
Estimate the coefficients of the demand model for the data given above. Provide an economic interpretation for each of the coefficients in the estimated demand equation you have compuated.
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