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Suppose a local bank increases the fees they charge for their bank accounts by 20 percent. In response, the demand for their bank accounts decreases from 50,000 to 45,000. What is price elasticity of demand for this bank's accounts? Using the midpoint formula, the price of elasticity of demand is _______?
Phil's Copy Studio pays its workers $60 per day and sells poster-size copies for $10 per print. Now suppose during the holiday season the price of poster-size copies increases to $12. What happens?
Elucidate what could be done to encourage people to spend more so as to increase aggregate demand and invariably, create employment possibilities.
What factors determine the intensity of rivalry in an industry. Is the intensity of rivalry in the PC industry high or low.
There are a lot of differences between US and China economies. Compared to the U.S. economy, the Chinese economy has which of the following? ----
_____ is NOT a characteristic appropriate for a yield management strategy.
Suppose that during the past year tv fell from $2000 to $1800 per tv sales increased from 700000 to 800000 tv. calculate elasticity of demand.
What are the prime rate and the federal funds rate? What are the differences between the two: prime rate and federal fund rate?
For which of the following stock price indexes will a firm with a high market value carry more weight?
Discuss some of the methodological and measurement problems one might encounter in using time-series data to estimate the parameters of this model.
Prepare a CPM/PERT chart and determine project duration based on normal project duration (using Normal Time) Prepare a CPM/PERT chart and determine the shortest time this project can be completed taking (using Crash Time).
Determine the most Magna should be willing to pay to lease the land for the expected life of the project and calculate the profit under each possible demand curve with the optimum size of the shopping center.
You borrow $25,000 from your local credit union at 12 percent compounded monthly. You repay the loan by making equal monthly payments over the next four years. How much interest is in the 23rd payment?
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