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Q1. Suppose your elasticity of demand for your parking lot spaces is -2 and the price is $8 per day. If your MC is zero and your capacity is 80% full at 9 a.m. over the last month, are you optimizing?
Q2. Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
Q3. Mason Company always collects rent in advance from its customers. The 2011 income statement for Mason reports rent revenue of $18,000. The related balance sheet accounts for the beginning and end of the year were: Unearned Rent $3,750 on Jan. 1, 2011 and $6500 on Dec. 31, 2011.
Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
Explain what occurs when a new technology makes another one obsolete in terms of economic profit?
A residential rental property is acquired during the first month of the taxable year, at a total cost (including transaction costs) of $1,200,000.
Calculate whole expected convenience from each restaurant option and also compare?
Assuming labour demand is downward sloping and that the labour market is competitive, what happens to national income as a result in immigration.
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company
Indicate if GDP is affected, under what category and what happens to GDP Oklahoma cleans up after a devastating tornado.
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.
Suppose that these cost figures accurately refl ect the economic costs of providing inpatient services at these two hospitals and that the two hospitals face the same average total cost curve.
Two firms are located on the line and sell identical products. Consumers obtain K utility from consuming a product; assume that K is large enough that all consumers purchase from at least one of the firms despite the costs of transportation.
In a typical day the store sells some of each type of cola, which suggests that Major League Baseball has adopted FOA because it fears that regular binding arbitration is addictive.
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