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1. Give examples of commodities whose demand you would expect to be elastic and commodities whose demand you would expect to be inelastic.
2. A rise in the price of a certain commodity from $20 to $25 reduces quantity demanded from 25,000 to 10,000 units. Calculate the price elasticity of demand.
Based on the information provided above, what should be the expected returns for A, B, and C according to CAPM? If you believe CAPM is correct, which securities do you want to favor and which securities do you want to shy away from?
An asset with a cost basis of $100,000 and an ADS* recovery period of five years is placed in service and is expected to generate net cash flows of $30,000 per year during its 6 years useful life. Its salvage value is expected then to be negligib..
Are your state's experiences the same as the rest of the country? Provide an explanation of why your state's experiences are the same as or different from the rest of the country.
If the cell size is reduced to 100 square meters and everything in the system scales so that 100 users can be accommodated in these smaller cells, find the total number of users the system can accommodate and the length of time it takes to travers..
A parametrical study is expected to develop a suitable final design. The final design will include materials selection, mechanical design, technical drawings, and the cost estimation.
An oil company purchased an option on Land in Alaska. Preliminary geologic studies assigned the following prior probabilities. After 200 feet of drilling on the first well, a soil test is taken. The probabilities of finding the particular type of so..
You rent an apartment for two years. You owe a payment of today and another equal nominal payment next year. If the inflation rate is and the real interest rate is i, what is the present value of these rental payments?
A six-sided die is loaded in a way that each even face is twice as likely as each odd face. All even faces are equally likely, as are all odd faces. Construct a probabilistic model for a single roll of this die and find the probability that the ou..
Now suppose that a new technology is discovered that allows twice as many loaves of bread to be
Suppose that in Canada the government places a $1,500 tax on the buyers of new snowmobiles. After the purchase of a new snowmobile, a buyer must pay the government $1,500. How would the imposition of the tax on buyers be illustrated.
Julius Caesar and J.P. Morgan were both wealthy and powerful men. What is the difference in the origins of their wealth and their power? Does power still follow wealth in modern economic societies? Does wealth still follow power in nonmarket socie..
The rate of turnover of inventory is unusually low in comparison with previous years
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