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1. If price were increased from $25 to $26 and quantity demanded fell from 10 to 9, calculate elasticity; state whether demand is elastic, unit elastic, or inelastic; and find out how much total revenue was when price was $25 and $26.
2. If price lowered from $10 to $8 and quantity demanded rose from 50 to 51, calculate elasticity; state whether demand is elastic, unit elastic or inelastic and find out how much total revenue was when the price was $10 and $8.
Please provide and discuss two examples of positive externalities and two examples of negative externalities regarding government regulation on business. Choose any two of these four examples and discuss what the government could do to correct these ..
As internet banking spreads, velocity begins to increase at a rate of 3 percent per year. What will happen to the rate of inflation? How could the ECB offset the impact on inflation.
q. television channel operating profits vary from as high as 45 to 55 percent at mtv as well as nickelodeon down to 12
If the cost of producing Einstein's Bagels is constant at $0.10 per bagel, should they reduce price and thereafter, sell more bagels (assume profit maximization is the company's goal)?
Industries in the US also Europe can produce only two goods, cars also wheat. For given resources also technological how. Industries in the US can produce 1000 tons of wheat if no cars are produced.
Consider these bundles: Bundle A: 2DVDs and 3 Cds; Bundle B: 3 DVDs and 1 CD; Bundle C: 1 DVDs and 3 CDs. Which of the following violates the assumption of non satiated preferences?
You are the marketing manager for Herman Miller, the company that sells the Leaf Personal Light in the US. The product was designed by Yves Behar, an entrepreneur and sustainability advocate. It is cool to the touch, has adjustable intensity and cons..
What market structure best characterizes the market in which University of Phoenix competes?
If the government imposes a ceiling of $6 on the price of the firm's product, Illustrate what output will the firm produce also Illustrate what will be total profits.
q.go to the st. louis fed website also total following assignment. scroll down and select money stock m1ns. i want you
Media specialists know that receivers engage in selective retention, and thus have to create broadcasts that will linger with impact. Which of these options are true according to the media research about how receivers information from mass media?
To encourage inner-city youths to spend more time playing sports, the government introduces a super income tax of 10% on professional basketball players and plans to use the revenue to improve inner-city sports facilities. In an attempt to raise more..
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