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How were they able to solve for P?
An end- of- aisle price promotions changes the price elasticity of a good from - 2 to - 3. If the normal price is $ 10, what should the promotional price be?
Using the suggestion, if elasticity is 2 when price is $10, MC is given by . Solving for MC we have MC = $5.
Knowing MC = $5, we want to find price if elasticity is 3. So we have . Solving for P we have P = $7.50.
The price elasticity of demand for gasoline is 0.5 and the price elasticity of supply for gasoline is 1.1. If demand rises by 25%, the price of gasoline will: The price elasticity of demand for wheat bread is 2.1 and the price elasticity of supply fo..
Q1: Suppose that changing climate conditions lead to greater wear and tear on the nations capital stock, meaning an increase in the depreciation rate of capital. Which of the following is steady-state for this economy?
a. Find the degrees of freedom for unequal variance test. (Round down answer to nearest whole number.)
Courtney's preference for consumption and leisure is given by U (C,L) = (C-200)(L-80) so her marginal utility of leisure MU L= (C- 200)
Main point(s) of the article-and a few specific and powerful details the writer uses to support the main points. If time: What you found most interesting and/or why you chose the article.
An economist published a research paper arguing that the multiplier from a proposed fiscal stimulus of 25,000,000 will be 1.5. in other words the ratio of the total economic impact of the stimulus spending to the original amount spend by the governme..
Inflation is forecasted to remain consistent with its target over the next 1-2 years. Inflation arises when:
q.a purely spirited wheat farmer can sell any wheat he grows for 20 per bushel. his 5 acres of land show diminishing
What is the tax climate in Kansas? What did the governor do in 2012 and 2013? What are the arguments to support this kind of policy strategy? How has the state’s tax policies affected Kansas as not only a good place to own a business, but also as a g..
Racial also Ethnic Groups defines culture of poverty as a way of life which involves no future planning, no enduring commitment to marriage
Discuss their services and the organizational structures used by venture capital firms. What are the main stages of financing?
What are the specifics of the world bank group's millennium development goals? What are the estimated costs of achieving these goals?
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