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Discuss how you can use the laws of demand and supply to explain the following scenarios: Indiana, employees at a CITGO gas station intending to change the posted price of gasoline from $3.43 per gallon to $3.49 per gallown accidentally changed the price to $0.349 per gallon. A station attendant said that within minutes, "people were coming so fast that everything was crowded like a fairground.
Mid-America Shipping is considering purchasing a new barge for use on its Ohio River routes.
The Atlanta Hawks owner Tony Ressler decides that by spending and additional $10 million, he anticipates the team will finish one place higher this season. If true does this mean he can raise the team’s place in the standings by one place for each $1..
Assess the following statements S1 and S2. Are they both true, both false or is only one true? Justify your answer.
Determine the present worth of a geometric gradient series with a cash flow of $50,000 in year 1 and increases of 6% each year through year 8. The interest rate is 10% per year
Earl sells lemonade in a competitive market on a busy street corner in Philadelphia. His production function is f(x1, x2) = x1^1/3 x2^1/3, where output is measured in gallons, x1 is the number of pounds of lemons he uses, and x2 is the number of labo..
Write a 350- to 700-word Team Job Aid in Microsoft® Word describing the decision-making considerations for improving network services.
This year, Company A in the US has developed an AI software package, using only its own labor and capital. The Company has sold the package to Company B
Explain how each of the following actions will affect the level of planned investment spending and unplanned inventory investment. Assume the economy is initially in income–expenditure equilibrium. There is a reduce in the expected growth rate of rea..
Supply-side policy is based on the assumption that people's economic behavior is not affected by taxes. Interest rate differentials can cause rapid fluctuations in short-run exchange rates. In general, speculators tend to make a floating exchange rat..
What factors in technological segment can have significant impact on U.S. restaurant industry? How does each of these factors shape the growth and changes of the industry? What are the future trend of each factor and the resulting changes of the indu..
Mr. Sam Spade, the president of Ajax, recently read in a report that a competitor named Bendix has the following relationship between cost and production;
What is the difference between parametric and nonparametric tests can someone please help explain?
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