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Terry Bernard's Hair Design is P= 20-0.20Q where Q is the number of haircuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of $15. terry is unwilling to raise the price if the price hike will cause revenues to fall.
a. Should Terry raise the price of haircuts above $15? Why or why not?
b. Suppose demand for Terry's haircuts increase to P=40 - 0.40Q. At a price of $15, should Terry raise the price of her haircuts? Why or why not?
Suppose Jean Splicer, an investor, buys $100,000 of shares of stock in a diversified bundle of Bio-tech firms and exactly one year later sells those shares for $108,000. If the value of the CPI at the date of Jean's purchase was 160, and rose by t..
You are the city engineer and are negotioating with a land developer. The developer wants water service to a new development and you report that service can be completed this year by city crews at a cost of $200,000
At the same time, a number of less capable fringe firms are emerging. How do these features fit into an Industrial Organization (IO) view of the market versus a Resource-Based View (RBV)?
Suppose annual salaries for sales associates from a particular store have a mean of $32,500 and a standard deviation of $2,500. Calculate and interpret the z-score for a sales associate who makes $36000.Suppose that the distribution of annual sala..
A loan of $200,000 at 7% interest will help fund the purchase. The loan is to be repaid in seven equal annual installments including interest. The firm's marginal income tax rate is 39%. The equipment qualifies for MACRS 5-year property.
Which of the following are measures of central tendency? Select all that apply
Suppose that the money demand is given by: Md = PY(0.25 i) Suppose that nominal income is $100 and wealth is $500 and that the money supply is set by the central bank at s = 20. a. Derive the demand for bonds.b. Draw the supply and the demand of mon..
"Historians and archaeologists will one day discover that the ads of our time are the richest and most faithful daily reflections any society ever made of its whole range of activities."
suppose that Mr Rich withdraws $ 5 Million from his transactions account at the bank of america and holds the money . Assume a reserve requirement of 25 purcent and no excess reserves in the banking system prior to this withdrawal .
Discuss the impact of changes in the size of the 18-24 age group on marketing strategy planning in the United States. What are some specific marketing strategies that result from this change
general cereals is using a regression model to estimate the demand for tweetie sweeties, a whistle shaped sugar coated breakfast cereal for children. the following(multiplicative exponential) demand function is being used: QD=6,282P-2.15A1.05N3.70
How many of the 12 students do we expect to attend the festivities? Find the probability that at most four students will attend. Find the probability that more than two students will attend.
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