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1. Consider we have the data for the competitive market of burgers. The market equilibrium quantity is 180, the market equilibrium price is $3. The price elasticity of demand is -2, the price elasticity of supply is 1.2. Suppose the demand and supply curve is linear, derive the supply and demand curve.
What does Amazon's financial performance of 2015 and 2016 show? Does financial performance 2015 and 2016 indicate Amazon's strategy is effective?
About "Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply:Evidence from the Spanish Dynamic Provisioning Experiments" How do you think this policy on provisions would differ from a policy on capital requirements?
Which of the following statements is true about teams? A company having global divisions such as apparel unit, cosmetics unit, and health care unit illustrates _____ departmentalization. Which of the following statements is true about job specializat..
As you know, over the past couple of weeks of class, we've argued that the U.S. economy's GDP is currently at (or near) its potential level of output. If so, then, as you also know, the U.S. economy's actual unemployment rate equals (or is near)..
Illustrate what would production at a point outside the production possibilities curve indicate? What must occur before the economy can attain such a level of production.
Originally when he could work as many hours as he wanted at a wage w, Roy chose to work seven hours a day. The employer now offers him w for the first 8 hours in a day and an over-time wage of 1.5w for every hour he works beyond a minimum of 8 hours...
How does what we measure determine successful or unsuccessful outcomes. Give concrete examples of measurement and/or measurement systems and how they determine outcomes. In addition, discuss the definition of success from an individual, corporate and..
Why do firms in a monopolistically competitive industry advertise? Research a firm you feel would be in monopolistic competition and explain their advertising scheme in a short summary. Be sure and cite your reference.
What would happen to the demand curve of frozen apple juice if: An increase in the price of frozen orange juice, considered by many consumers in the United States as a good substitute for frozen apple juice.
Suppose that when income increases by 10%, the quantity demanded of gasoline increases by 3%. What is the income elasticity of gasoline? Based on your answer, is gasoline a normal or inferior good? Is it a necessity or a luxury?
Companies want to expand their business and improve their sales and profits. Instead of building manufacturing plants and installing new machineries, companies look to buy other companies and integrate them into their current business.They have $22 m..
In her economics course, Nancy has two exams. Her overall score for the course will be the maximum of her scores on the two exams. Nancy decides to spend a total of 400 minutes studying for these exams. Find the point on Nancy’s budget line that give..
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