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1. Assume that macroeconomic forecasters predict that the economy will be expanding in near future. How might managers employ this information
2. Governments impose excise taxes on goods which have inelastic demand, such as cigarettes, more often than in other cases. Describe why
Econ 301 Assignment, Find at least three other variables that may affect the return of equity of your choice
Farmers have a relatively inelastic demand for their crops. Suppose there is a bumper crop year (an unusually large harvest).
Describe the effect of each of the following events on the market for labor in the computer manufacturing industry. Use graphs.
Select an organization you work for or are familiar with. Could the organization you have chosen lower prices to increase revenue?
Show the country's production possibility curve.
Law of Demand indicates that there is the inverse relationship between price and quantity, why does it matter which particular mix of price and quantity is selected?
Evaluate arc price elasticity of demand between prices of $4 and $6 and compute the point price elasticity at the price of $6 state the significance of the coefficients.
What is the Marginal Rate of Transformation between sugar and tea?
Estimate the number of cups served per week and determine outlet demand curve. What would be the effect of a $5000 increase in the competitors' advertisement expenditure and outlet demand curve
What does your anticipated adjustment process imply about the CR for the construction industry?
Suppose an economy of two firms and two consumers. The two firms pollute. Firm 1 has a marginal savings function of MS1(e) = 5-e where e is the quantity of emissions from the firm.
Find out the price p0 = S(q0) at which q0 units will be supplied and compute the corresponding producers' surplus PS. Sketch the supply curve y = S(q) and shade the region whose area represents the producers' surplus.
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