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Suppose that new entry decreased your demand elasticity from -2 to -3 (made demand more elastic). By how much should you adjuct your price of $10?
How did you get 7.5 from that calculation?
Explain what factors would increase the supply (shift the supply line to the right) of a manufactured product like white bread and what factors would cause a decrease in demand (shift of the demand curve to the left) for that same product.
four companies produce virtually all breakfast cereal. how might this concentation of market power affect market outcomes.
How do people earn income Should you just consider what you want to do without considering what others' value, especially prospective employers Who best determines what to do for a career, when to do launch and what to accept in wages
Use the following information from a company's pro forma financial statements to calculate the following profitability ratios for the firm, assuming that all stocks are common stocks:
Assume the price level is fixed in the short run so that the economy does not reach a general equilibrium immediately after a change in the economy. For each of the changes what are the short-run effects on the real interest rate and output
Explain how would you estimate additional dollar cost of adding sales people? How is the expected net revenue generated by adding.
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: Engineering advances have made it less costly to create a safe working environment.
When manufacturer decrease price for goods and services, it increase customer’s surplus and everyone standard of living. Therefore, it behooves government to impose below market value ceiling on customers goods,
Utilizing the data, construct limits for x- and R-charts. Explain the process in control. Illustrate what other steps should the QC department follow at this point.
Work out the effects of the following changes on 1. International price of bananas 2. Output of both goods in both countries.(Show the changes in world relative supply and demand curves and the PPF of each country).
Aggregate Demand & Supply Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither or both. Which curve shifts, & in which direction
Write a letter to the Housing Authority and Health District about your previous living conditions for family and child that your landlord failed to fix. Also include that there was mold on walls and ceilings and the roof leaked.
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