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Q1. What homeland security challenges could the U.S. face in the future? Describe at least two challenges and identify operational issues and policies that could be implemented to meet the challenges
Q2. Acme tobacco is currently selling 5000 pounds of pipe tobacco for every year. Due to competitive pressures, the average price a pipe declines from $15 to $12 as a result, the demand for Acme pipe tobacco increases to 6000 pound per year.
a) What is the cross elasticity of demand for pipes and pipe tobacco?
b) Assuming that, the cross elasticity does not change, at what price of pipes would the demand for pipes tobacco be 3000 pounds per year? Use $15 as the initial price of a pipe.
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Competition in the market is such that each of the firms independently produces a quantity of output.
Advertising is powerfull strategy to make people aware about company products and services and for this case is to emphasize reliability and low price, this effort will help the company to sustain in this area and to develop a customer franchise a..
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She is considering quitting her job and going to university full time for four years.
You learn that the market price of illegal drugs is falling. Which hypothesis is consistent with this information on drug prices.
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