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Procta and allan sells Product A with the following prices:
Year 2003 2004 2005 2006
Price($) 40.96 46.08 57.60 50.40
(a) Calculate the prices of Product A for years 2004 to 2006 as a chain base index.
(b) Giving your answers correct to four significant figures, calculate the index of prices for Product A for the years 2003 to 2006 with year 2003 as the base year.
The price relative for Product P for year 2003 with 2002 as the base year is 1.28.
(c) Calculate the selling price of Product P in year 2002
using supply and demand illustrations and assuming competitive markets what is the effect on equilibrium price and
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A firm hires four workers and rents 16 acres of land for a season. It produces 150,000 bushels of crop. If it had doubled its land and labor,production would have been 335,000 bushels. Does it have constant, decreasing , or increasing returns to s..
Illustrate what would have been the likely outcome had the government not intervened to help with key economic issues of the companies please do a detail analysis.
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a competing firm are the only sellers of a new product. You are engaged in an intense battle for initial market share. You both realize that the one who captures most of the market share will be the one who spends the most on advertising and promo..
What's the difference between inelastic demand and elastic demand?
Assume you were doing lunch with your best friend who just enrolled in an economics class. He was complaining about how irrelevant the class was,
One councilman responds by proposing a tax per unit of pollution that is discharged into the river.
In a particular week, Nora sells goods to the value of £4,500; Odette works 38 hours at standard rate, plus 5 hours overtime at time-and-a-quarter. Calculate how much each of the three employees received for that week.
the marginal revenue curve of a monopoly crosses its marginal cost curve at 30 per unit and an output of 2 million
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