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Sales are 3,100 at a price of $200 and 2,400 at a price of $300. Calculate the price of elasticities of demand using $200 as the base value; then use $300 as the base value. Calculate the arc price elasticity and compare the three calculations. How do your answers differ?
Suppose that for a firm that digs ditches for laying cable or pipeline, backhoes and backhoe operators are pure complements in production, being used on a one-for-one basis. Draw the isoquants (on a graph with backhoe, “K”, and backhoe operators, “E”..
What is an absolute and comparative advantage? Give an example where you have an absolute, but not a comparative advantage with someone else.
Elucidate how do you compute the effective price reduction resulting from a coupon promotion.
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100.
q. assume that a household in a two-period model has income of 30000 in period 1 and 25000 in period 2 and the interest
A chemical company uses large amounts of shredded steel scrap metal in its production processes. Most of this scrap comes from 12-ounce beverage cans. What kinds of information would you need to make such a forecast?
What was the accounting profit for the new business. What was the economic profit or loss. Explain your calculations for both questions.
A perplexing issue, particularly for many human resource management and marketing professionals, is the absence of a valuation in the traditional financial statements relating to human capital and other internally generated intangible assets, such as..
q.your bike is worth 200 and if you park it outside on campus there is a 10 chance that it will be stolen.a. what is
Can we say that the plant in country b is more efficient than the plant in country A? Discuss in terms of both technology and economic efficiency.
The allocation of promotional dollars between ‘pull’ (consumer promotions + media advertising) and ‘push’ varies drastically for many advertisers across countries. What are the factors behind these variations?
A project will require the investment of $108,000 in equipment (straight-line depreciation with a depreciable life of 8 years and zero salvage value) and $25,000 in raw materials (not depreciable). Net annual project income before-tax depreciation wi..
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