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The manager of a car wash in Washington charges Alabama residents $10. The manager believes that the price elasticity of demand of Alabamans is -1.5. The manager is considering offering senior citizen discounts. How much should the manager charge if the price elasticity of demand of senior citizens is -3?
The market is perfectly competitive with constant input prices, and each company has the same cost structure, described through the following table:
Describe three (3) ways we can use macroeconomic analysis, with one (1) original example for each way. Using the real business cycle theory, explain two (2) effects of an adverse technological shock on the labor market and on the output market.
assume that country a has a population of 500000 and only produces one good-cars. country a produces 100000 cars per
Elasticity of GDP per worker with respect to capital per worker = 0.25 Capital per worker grows at a rate of 4% per year. Technology advances at a rate of 5% per year.
Describe why the understatement of inventory by 66,000 at then end of 2004 results in an understatement of equity by same amount in that year.
1.find a recent january 2012-march 2012 money and banking related article in the media the economist globe and mail
number consumed0 1 2 3 4 5 6 7total utility0 5 11 18 24 30 35 321 refer to the above table. the consumption of which
Three friends (Julie, Kristin, and Larissa) independently go shopping for dresses for their high-school prom. Upon reaching the store, each girl sees only three dresses worth considering: one black, one lavender, and one yellow.
Explain how would you assess the overall financial health of your organization. What are good and bad signs, if any, in your outlook.
Prove that a risk-averse von Neumann-Morgenstern perticular will over-insure, fully-insure, or under-insure according as the insurance is available
Suppose you are the manager of a firm that sells its product in a competitive market at a price of 50. Your firms cost structure is c=40 + 5Q2. The profit maximizing output for your company is;
The federal budget for national defense increased substantially to pay for the Iraq and Afghanistan wars. How would GDP in the United States have been affected if this higher defense spending led to
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