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Suppose the price elasticity of demand for heating oil is 0.2 in the short run and 0.7 in the long run.
If the price of heating oil rises from $1.80 to $2.20 per gallon, the quantity of heating oil demanded in the short run will by in the short run and by in the long run. The change is in the long run because people can respond easily to the change in the price of heating oil.
question 1nbspa firm that emerges as the only seller in an industry with economies of scale is
What are the advantages of buying a business rather than starting one from scratch? What are the advantages and disadvantages of owning a franchise?
Illustrate what should be the production level if fixed costs rose to $50,000 per month. Explain.
The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launching services to commercial firms.
Explain how might you make profits by purchases or sales of bonds now,with the intention to sell in a few months' time.
Which is more economical, a plant with a payroll of $400 a week, with $100 of overhead, and with an output of 100 units per week, or a plant with a payroll of $80,000 a week, an overhead of $100,000 a week, and an output of 50,000 units per week? How..
Answer the following questions: Does you country have a fixed, floating, or managed exchange? Does your country control its own currency (is it and issuer or just a user of currency)? How exchange rate of the changed in the past three months? In the ..
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
During hard times what should be done to encourage people to spend more so as to rise aggregate demand and invariably, create employment possibilities.
Suppose the nation of Sugarland consists of 50,000 households, 10 of whom are sugar producers. Arguing that the sugar industry is vital to the national economy, sugar producers propose an import tariff. The loss in consumer surplus due to the tariff ..
List their yearly sales and extent of operation, what are some of their incentives to consolidate, list and describe the firms in the industry, explain the product,
q1. recall that abc company has periodically borrowed funds but contemplates a stock or bond offering so that it can
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