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Suppose the price of widgets rises from $7 to $9 and consumption of widgets falls from 25 widgets a month to 15 widgets. Calculate your price elasticity of demand of widgets. What can you say about your price elasticity of demand of widgets? Is it Elastic, Inelastic, or Unitary Elastic? Why? Use the Midpoint formula and please show your work.
Quantity, whole revenue and profit when company charges different price in each market and exploits its total profit.
illustrate what wage would a monopoly union demand. Explain how many workers would be employed under union contract.
If going rate for developing a roll of film is $8.50, is industry in long-run equilibrium. If not, find price associated with long-run equilibrium.
Would Boeing's margin likely rise or fall if the yen then depreciated and competitor prices were unchanged? Why?
Elucidate how do the ratios Px*X/I also Py*Y/I change as income increases in this problem.
Graphically elucidate the derived storage function and carefully explain and show how you determined the location of the two intercepts of the function.
Assuming that your opportunity cost funds interest rate is 5% which refrigerator would you buy and why.
Use the 2007 numbers in the first column to compute, for each of the four countries, the percentage gap between the steady-state ratio.
Elucidate how does TARP illustrate the problem of moral hazard. Illustrate what did the Federal Reserve do during the financial crisis.
Illustrate what is the money multiplier. Illustrate what is the available lending capacity.
Explain what happens in these two markets as the number of sellers drops to only one seller. c) explain how part b) illustrates to the first experimental principle
Illustrate what is the reorder point for part if the reorder point is expressed in terms of the inventory on hand rather than the inventory position.
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