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Your younger sister needs $500 to buy a new bike. She has opened a lemonade stand to make the money she needs. She is currently charging $1.00 per cup, but wants to adjust her price to earn the money faster. What is your advice to her? What assumption have you made about the price elasticity of demand in this market?
at a price of 4 per unit gadgets inc. is willing to supply 20000 gadgets while united gadgets is willing to supply
Do you think internal labor markets enhance or detract from efficiency How might one argue that the realization of dynamic efficiency is more important that achieving static efficiency Do you agree
elasticity-a the price of good x goes up by 2.75 the quantity demanded of good y goes from 10500 units to 25000. what
Consider the market for tuna, which is a price-taker market. The long-run equilibrium price is $3 per can of tuna, and the long run equilibrium quantity is 600 million cans per year. suppose the surgeon general issues a report saying that eating t..
most americans love participating in or at least watching sporting events. some feel that sports have more than just
a firm in a purely competitive industry is currently producing 1000 units per day at a total cost of 450. if the firm
Environmentalists discuss that trade liberalization harmful for the environment. The decisions of World Trade Organization in particular have been subject of much criticism.
you are the ceo of a small chain of womens clothing stores. you notice that your total sales are beginning to dwindle
State Khinchine's weak law of large numbers and provide a proof of this result. Discuss conditions under which a law of large numbers exists for a sample of independent but heterogeneously distributed random variables.
It has now become common for firms situating assembly plants to make states compete for their industry; states and local governments often race to offer most generous tax profits.
Discuss in general the appropriate metrics that one may require to track. Also explain how investing in IT with an eyes towards the replacement or automation of another project or issue or task may work.
Embassy Motorcycles (EM) manufactures two lightweight motorcycles designed for easy handling and safety. The EZ-Rider model has a new engine and a low profile that make it easy to balance. The Lady-Sport model is slightly larger, uses a more tradi..
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