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Estimating Sales and importance to business
How does your business go about estimating its sales? (This is often a confidential procedure.)
How does it estimate the demand for new products so that it can prepare a production run?
Which is more important for your business: lower cost, quality, customer expectations, or some other feature? Why?
Use diagram to describe how each of the following events affects the equilibrium price and quantity of pizza (draw a separate diagram for each event)
Illustrate what will happen to the wages of IT professionals when there is a glut of workers. In terms of supply and demand, what can individual IT professionals do to increase their wages.
Illustrtae what situation in which both parties entering into a contract could benefit from slightly ambiguous language contained in the contract.
List the four assumptions for the Monopolistic competition model. Now explain how the market will adjust in the long run and draw a corresponding graph for the representative firm in the long run. (Explain your answer.)
Elucidate good or service does the company sell. Is the price elasticity of demand elastic or inelastic for that good or service.
Suppose that you believe that the average rate of inflation over the next 20 years will be 3.5 percent. Would you by the nominal or the inflation-indexed bond?
Which nation has a comparative advantage in clothing and by what amount.
Describe the point elasticity of demand with respect to advertisement
Compute the monopoly equilibrium. Compute the consumer surplus. Assume this firm practices two-parts tariffs, Compute the optimal output.
Elucidate how cost-push inflation might prompt policymakers to take actions that subsequently cause demand-pull inflation.
Elucidate the interpretation of the coefficient b. Do the demand functions satisfy the relevant homogeneity conditions.
The Bureau of Labor Statistics reported and total number of unemployed workers.
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