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Question: Suppose that the demand for a product is given by
(p + 1)√(q + 1) = 1000
(a) Find the elasticity when p = $39.
(b) Tell what type of elasticity this is.
(c) How would a price increase affect revenue?
The issue needs to be discussed, thought through, and resolved. That is why we study cases like this, so we can think these things through and try to respect the family, the deceased, and the needs of society - Should Justin Ellsworth's parents hav..
Sketch the ppf ’s for both countries.d. Assuming no trading between the two, if both countrieswanted to have equal numbers of feet of timber and basketsof fruit, how would they allocate workers to the two sectors?
A frequency distribution is a tabular summary of data showing
The marketing manager has estimated the company’s demand curve with the equation P=3000 – 40Q. To develop a deeper understanding of pricing and quantity to be produced,complete the analyses.
Is it possible for the government budget deficit to decline at the same time as the government debt increases Why or why not Under the assumption of ‘crowding out,' how would this impact future economic growth
The manager of a coporate division faces the possibility of an audit every year. She prefers to spend time preparing if she will be audited; other wise, she would prefer to invest her time elsewhere. The auditor, who gets recognized for uncovering..
If the economy is initially on a balanced growth path that is dynamically efficient, how does a marginal increase in T affect the welfare of current and future generations? What happens if the initial balanced growth path is dynamically inefficien..
What are potential risks to the public and to stakeholders? Please explain how Saint Leo's core value of integrity is reflected in your answer.
a betty has no savings but she can borrow at r .05. what is the maximum that betty would be willing to pay for an
1. consider a world in which prices are sticky in the short-run and perfectly flexible in the long-run. appp may not
Consider a representative agent economy in which agents live for two periods. The agents earn 30 units of commodities when s/he is young and 0 units when s/he is old. There is no production in the economy and the real interest rate is %10 percent.
Find the Herfindahl index for an industry composed of (a)three firms-one with 70 percent of the market, and the other two with 20 and 10 percent of the market, respectively; (b) one firm with a 50 percent share of the market and 10 other equalized fi..
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