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Suppose that Demand is D = 10-2P, where P is price. (a) Evaluate the elasticity of demand at P = 2. (b) Evaluate the elasticity of Demand at P = 3. (c) Write the marginal revenue, evaluated at these two prices.
Suppose you bought a concert ticket from Ticketmaster for $50, but when you got to the concert scalpers (individuals who re-sell tickets at the event) were selling tickets in the same seating area as yours for $25. What is probably true?
Explain the short run and long run profit maximizing position for a perfectly competitve firm, a monopoly, an oligopoly, and a firm with monopolistic competition. Also include the dynamics of moving form a short run to a long run equilibrium.
3.analyse the two following situations for forms in competitive markets a suppose tha tc 100 15q where tc is total cost
Locate current data for GDP for the U.S. (Go to the Bureau of Economic Analysis Web site. Click on Interactive Data Tables, then National Income and Product Accounts, and then Frequently Requested NIPA Tables to get to Table 1.1.1). What are the annu..
What are the portfolio weights for a portfolio that has 154 shares of Stock A that sell for $50 per share and 120 shares of Stock B that sell for $25 per share?
When a country’s nominal exchange rate appreciate, the price of A. that country’s goods abroad increases. B. That country’s goods abroad decreases. C. foreign goods sold in the country increases. D. That country’s goods produced and sold at home incr..
Periodic outlays for inventory control software at Baron Chemicals are expected to be $280,000 immediately, $280,000 in 1 year, and $200,000 in 2 years. What is the present worth of the costs at an interest rate of 3.92% per year, compounded continuo..
Are these kinds of policies easy to implement in practice? How has globalization of production affected our ability to control pollution?
What makes it conceivable for a country to experience constant debt to GDP ratio and at the same time experience continual government budget deficits is: Government budget surplus or deficit is: A rise in the government budget deficit will have a :
Suppose the exchange rate between the United States and China changed from 1USD=6.6CNY to 1USD=6CNY. In addition, there is sudden inflation in the United States but, but not in China. What do you expect to happen to US exports and Chinese imports bas..
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Suppose K = 1,000; L = 200 w..
What would you do if patent law prevented your rival from cloning your product.
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