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Peak Industries' sales division employs twenty-seven (27) sales people who call on 1,400 customers nationwide. Total annual sales are $15.8 million.
You have been hired as the vice president of this division. Your initial calculation is that the average annual sales per sales person is only $585,000 and the average annual sale per customer is only $11,200. You regard this as unacceptable.
What steps would you take to maximize the division's performance?
Compute the (point) price elasticity of demand when price is $700. Is demand elastic or inelastic. Find the point at which point elasticity is equal to -1.
If ___________________ exceeds ___________________, then the economy is in an inflationary gap. Eventually input prices will fall and output will rise in the economy if:
Paula is considering going to law school. If she does, she will spend $60,000 on tuition and books to get a college education (during the first time period), $120,000 on tuition and books to get a law degree (during the second time period), and her l..
Tight (contractionary) money policy
Consider a market containing four firms, each of which produces an identical product. The inverse demand for this product is p = 100 ? Q. The production cost for each firm is identical and given by C(qi) = 20qi , i = 1, 2, 3, 4. This means that for e..
Suppose that you save all of your money to spend next year. Explain how much will you be able to spend next year. How much will you be able to spend this year.
Suppose the Fed conducts an open market purchase by buying $10 million in Treasury bonds from Acme Bank. Sketch out the balance sheet changes that will occur as Acme converts the bond sale proceeds to new loans.
q1. due to the housing bubble many houses are now selling for much less than their selling price just two or three
illustrate why lower taxes in the current period but higher taxes in the future may make some consumers better off.
Give an equation that shows the relationship between excess reserves, maximum checkable-deposit expansion, and the monetary multiplier.
By Elucidate how much also in Illustrate what direction does GDP change as a result of his efforts.
Compute and indicate in diagram the level of domestic consumption, domestic production and imports of commodity Y at free trade price.
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