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You are the manager of a firm that receives revenues of $60,000 per year from product X and $70,000 per year from product Y. The own price elasticity of demand for product X is -2.5, and the cross-price elasticity of demand between product Y and X is 1.7.
How much will your firm's total revenues (revenues from both products) change if you increase the price of good X by 2 percent?
Suppose that Taher's pizza business operates under competitive conditions and that his short-run production function is q=20^E. What happens to the quantity of labor he demands if the wage increases to w1 = $12?
Elucidate why might an economist be skeptical of Billy's discrimination complaint. Billy works for the local piano-moving company part-time after school.
not long ago an employee came into my office asking for a wage increase. i responded by asking what increase in
Enron will be an example of a dysfunctional company for many years to come. It was clearly a company riddled with fraud also excess
A company in the process industry produces a chemical compound that is sold to manufacturers for use in the production of certain plastic products. The plant that produces the compound employs approximately 300 people. Develop a list of six different..
Compute the minimum rate of interest, and, therefore, the risk premium, at which you would lend $1000 on the informal market. Suppose you are risk-neutral.
the hhi for automobiles is 2350 for sporting goods is 161 for batteries is 2883 and for jewelry is 81. which of these
The airline is considering building a new training center on this land.
Use the characteristics/features of the different market structure to determine which market structure to classify your chosen firm.
For each of the following scenarios, say whether pooling or diversification is a more promising risk-mitigation strategy.
Who are the characters Assumed to represent. Illustrate what did they want.
Using present value analysis math, discuss the cost and benefit of paying for 4 years of college. Make any assumptions you want about the market interest rates. Use math and discuss. Is going to college worth it?
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