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Problem: Suppose that a company's annual sales were $1,200,000 in 1999. The annual growth rate of sales from 1999 to 2000 was 16 percent, from 2000 to 2001 it was -5 percent, and from 2001 to 2002 it was 22 percent.
The geometric mean growth rate of sales over this three-year period is calculated as 10.37 percent. Use the geometric mean growth rate and determine the forecasted sales for 2004.
What is the authority's optimal allocation if the at-risk population numbers only 250? Show that it will have unused funds.
(Calculating Price Elasticity of Demand) Suppose that 60 units of a good are demanded at a price of $6 per unit. A reduction in price of $0.70 results in an increase in quantity demanded 75 to units. Show that these data yield a price elasticity of _..
exhibit anbsp demand and marginal utilitypizza piesnbspnbspnbspnbsp compact disksnbspnbspnbspnbsp nbsp moviestotal
As an alternative to uniform pricing a monopolist may engage in price discrimination. There are three general forms. Describe each form of price discrimination.
A rise in the price level causes
What incentives are created under a first come, first served allocation mechanism - The market system may not be efficient because people want more of the product.
A Hilti PP11 pipe laser can be mounted inside or on top of a pipe, a tripod, or in a manhole to pro- vide fast and accurate positioning and alignment of pipe sections. Jordon Construction is building a 23-mile pipeline through the desert to dispos..
Suppose that severe sanctions are placed upon Iran, so that its exports decline by 80%, at any price. What is the new exchange rate
Explore what the ethical implications of this explanation are. These should not be general ethical considerations, but rather how this particular explanation of the problem would affect the ethics of interventions.
Assume the country of Fredonia has $500 of capital per worker and has a workforce of 20 million. Also assume that labor and capital split output evenly between themselves. Ignoring total factor productivity. What is output per worker? What is total o..
Are credit cards or debit cards money?
ECO380: Problem Set What is the equilibrium in this market when these constraints are q¯1 = q¯2 = 10 - What consumer surplus does each group receive? What is total surplus?
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