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The elasticity of a demand for a firm product is -3 and its advertising elasticity of demand is .18
a. Determine the firms optimal advertising to sales ration
b. if the firm revenues are $60,000 what is the profit-maximizing level of advertising?
BAA is a private company that operates some of the largest airports in the United Kingdom, including Heathrow and Gatwick. Suppose that BAA recently commissioned your consulting team to prepare a report on traffic congestion at Heathrow. Your repo..
What is meant by technological stagnation in the Greek and Roman Empires? How could "an Overdose of Slavery" be the cause? List two flaws of the slavery explanation. Provide and alternative explanations.
Suppose you are reviewing an isocost graph. The axis on the graph shows capital units on the vertical axis, and labor units on the horizontal axis.
Illustrate what effect would a period of rapid inflation likely have on the role of money.
What do you think of the regressive tax structure in the state of Texas? Should Texas have a state income tax? Should the Texas legislature have raised taxes to meet the growing demands of the state? Why or why not?
Which country suffered the greater fall in aggregate demand, Finland, which does not compete directly with China in its export markets, or Spain, which does? What would have happened had Spain retained its old currency, the peseta?
What factors make the Fed independent from politics? Why is there so much political pressure on the Fed, despite its independence - How does the Fed work to protect itself from political pressure?
Illustrate what market did Microsoft have a monopoly in the late 1990s. What technological advances threatened that monopoly.
Make a discrete Bayes table showing the prior, likelihood, and posterior for the type ofdie rolled given the data.- What is the prior predictive probability of rolling a 5?
Develop a small program in C (or Java) using system calls (e.g. fork(), waitpid(), exit(), kill(), ..) that does the following:
What is a banking system that keeps only a fraction of its funds on hand and lends out the remainder?
Illustrate what do you think would be the effect of Increases/decreases in the dollar's exchange value on the firm's profitability.
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