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Dakota Publishers prints coffee table photo books of the Great Plains and mountain states. The marketing manager generally prices books at $35 each, and sales an average of 4,000 per month. Last month, she had a sale and priced volumes at $22.50 each, selling 8,500 copies. Calculate the price elasticity for these books. Describe how elasticities should be used in pricing decisions. If you were responsible for setting the price of these volumes, what would you choose and why?
Suppose A and B choose the amount they spend on the school independently. What is the Nash equilibrium level of the school's quality in Little Society?
The "Baby Boomers" are in their retirement age. What affect might this have on the productive capacity of a country's labor force.
Cities do not reproduce themselves. Why do people move to some cities and away from others You may want to examine why some cities grew from 1990 to 2000, but you need to examine key concepts that underlie urban growth.
consider two firms facing the market demand curve p 100 - q where p is in unit q is total output q q1 q2 q1 is the
Using the following information complete the cash flow budget for the months of January, February and March. Be sure to include GST in the rows provided. GST at the end of December 2006 was negative $2500.
Do you favor a laissez-faire approach or government intervention and regulation with respect to monopoly What are the benefits of your favored approach, in terms of economic efficiency Is one approach always preferable, or should each monopoly mar..
Collect information regarding the minimum wage. State the purpose of this legal price, assess its impact on the market for labor, and evaluate the extent to which it achieves its purpose.
the world bank is currently advising newly industrialized countries on how to encourage growth and they have asked for
elasticity studies have looked at the overall demand for higher education in general some have examined the demand for
Briefly Explain how the Gross Domestic Product (GDP) affected the recession in the United States throughout the late President Bush and early President Obama years.
Compute the sizes of the consumer and the producer surpluses at the equilibrium price and quantity derived in (1).
analyze the risks involved in the foreign-exchange market and create a list of best practices that almost any
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