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How do you create work breakdown structure (WBS) for large projects and what tools can you use to create WBS? Please provide details so I can thoroughly understand
Suppose that consumers’ incomes increase by 16 percent, which results in a 0.4 percentage increase in the consumption of farm goods at current prices. What is the income elasticity of demand for farm goods?
Imagine you are seeking information on a new car that you are thinking of buying. Determine the level of trust that you would place in information provided by the following: a salesman at the car lot, the dealer’s Website, social media (i.e. Facebook..
Economic growth would be illustrated by select one d a rightward shift of aggregate demand a leftward shift of aggregate demand a rightward shift of aggregate supply a leftward shift of aggregate supply
The goal of ABC Company is to increase total revenue. The elasticity of demand for ABC's main product is 1.4. The marketing manager is thinking of increasing price by 5% to increase total revenue. How much will quantity demanded change? According to ..
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
Explain and demonstrate the differences between 'open' and 'closed' fiscal policy multipliers. (Assume a fiat curency and floating exchange rates.) Be sure to discuss the small economy vs. large economy case in your answer.
Monopoly is inefficient as it charges prices higher than marginal costs. Is it feasible for the government to regulate a natural monopoly by setting prices equal to marginal costs? Roche plans to sell Tamiflu at higher prices in Europe and North Amer..
A company plans to start a sinking fund so that it will have money to purchase a new 18-wheeler ten years from now. The cost of the truck is expected to be $200,000 and the company uses an interest rate of 10% per year. If the company makes the first..
a profit - maximizing industry in a competitive market is currently producing 100 units of output. Illustrate what is average variable cost.
What is the particular form of money (M1,M2, etc.) that would be the smallest measure that includes the type of money described in the article. (For example, if the article is about cash, write "M1." Although all other forms of money include cash, M1..
The Gentle Warming Company is purchasing a new cooling system. To pay for the system, the company agrees to make 12 installment payments of $8186 per year, beginning at the end of year 1.
A local market for clay bricks has weekly demand described by P=1.55-0.008Q and supply described by P=0.32+0.0012Q. Calculate the equilibrium price.
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