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Assume you are a manager of a company. Your finance manager told you to that revenue is decreasing. He suggests that you consider changing the price of product to increase total revenue. What do you suggest, increase or decrease in price if...
i) elasticity of demand for your product is more elastic.
ii) elasticity of demand for your product is less elastic.
Support your answer with diagram
In which of the following areas is the principle of non discrimination being central to GATT evident? Normal trade relations, national treatment, elimination of quotas and quantitative restrictions all of the above
This is a business law question there is now select subject for business law so I chose economic Miller, R. (2013). Fundamentals of Business Law: What is the importance of risk management to the business enterprise?
Suppose a multiple regression model is given by y =1.61x 1+5.58 x2 +30.48 What would an interpretation of the coefficient of x 1be?
In a particular industry, labor supply is ES=20+w and labor demand is E D=60-4w , where E is the employment level and w is the hourly wage. What are the equilibrium wage and employment if the labor market is competitive?
Discuss how deficit spending relates to the economic collapse of the Greece and Spain economies. Relate their economic collapse to U.S. current economic problems.
Suppose you have a perfectly elastic supply curve represented by P=5, and a demand curve represented by the equation P = 20 - Q . Draw a supply-and-demand diagram representing this situation, and find the equilibrium price and quantity.
Suppose 10 people each have the demand Q = 20 - 4P for streetlights and 5 people have the demand Q = 18 - 2P for streetlights.
it is relatively easy to distinguish between cost-push and demand-pull inflation even if you don't know the source of the inflation. a supply shock will cause a variation of demand-pull inflation that can lead to hyperinflation.
The just-in-time inventory system is designed to reduce the inventory period. In essence, companies pay their suppliers to carry the inventory for them. Reducing the inventory period reduces the operating cycle and thus the cash cycle.
JetBlue Airways is an American low-cost airline headquartered in New York City. Its main base is John F. Kennedy International Airport. JetBlue’s revenue in 2001 was $659.0 million. By 2009, revenue had increased to $3,320.8 million. What was the geo..
When a leading developing country defaults on its loan to foreigners, discuss (with the aid of loanable funds market diagram) why interest rates will rise on bonds issued by many other developing countries.
The first national bank received 3,000 inquiries following the latest advertisement decribing its 30-month IRA accounts in the Boston World, a local newspaper. The most recent as in similar advertising campaign in Massachusetts Business, a regional b..
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