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Assume that for a particular demand curve, when price is $60, quantity demanded is 130, and when price is $50, quantity demanded is 175. without calculating the coefficient of elasticity, is demand over this range elastic or inelastic? How do you know?
Due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a “trigger”? Consider you are on the strategic planning team for a soft drink company. Here is your company’s future trigger:..
The article is titled -NY State Wage Board Recommends $15/Hour Pay By 2021 For Fast Food Workers. Please write a reaction memo 1 page single spaced as to your thoughts, ideas, impact on economy, business owners, etc...be creative
A DOT is performing a benefit-cost analysis of a new highway using an analysis period of 40 years as part the required environmental impact assessment of the project. The section of highway is estimated to have a construction cost $260 million dollar..
Using demand–supply diagrams in the labour market show what it means that the market “clears”. Label the axes carefully.
explain why the tax would be placed on gasoline rather than, say yachts. Illustrate what might be the long run effect of raising the price of gas.
How would I find out by how much the price of water needs to be raised to reduce demand by 40% if the price of elasticity is 2.0.
What is meant by culture of compliance. Is the concept applied consistently? In which countries or contexts does this arise? Is it likely to continue to be a factor in regulatory or ethical decisions? What can one do within an organization to foster ..
What is the actuarially fair price of insurance? What price are individuals w/$5000 in the bank willing to pay for the insurance?3. Will those w/$5000 in the bank voluntarily purchase insurance?
"The problem with our democratic institutions is that they dont correctly reflect the will of the people! If the people rather than self-interested politicians or lobbyists- had control, we wouldnt have to worry about government taking actions that d..
Elucidate what is meant by the paradox of mercantilism. Explain how was this reflected in mercantilist wage and population policies.
The average girl on this planet walks 4 miles a day carrying 5 gallons of water for her entire family to use (for the day). How far did you (apx) have to walk this morning to get your first sip of clean water?
Quick Profit sells box juice for $10.50 and has an inverse demand function of: P = 80 - 0.2Q. At the present price Quick Profit is unable to satisfy demand. The owner, Mr. Deal, wants to increase the price by 60%. Do you agree? Explain!
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