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Suppose that the price of Product A falls from $20 to $15. In response, the quantity demanded of A increases from 100 to 120 units. The quantity demanded for Product B increases from 200 to 300. Calculate the arc cross elasticity between Product B and Product A. Is B a substitute or complement for A? Explain. Does Product A follow the "law of demand"? Explain.
Define and explain the terms decision management and decision control. Under what situations might it be optimal to make one individual responsible for both decision management and decision control?
BK books is an online retailer that also has 10,000 bricks and mortar outlets worldwide. You are a risk neutral manager within Corporate Finance Division and are in dire need of a new financial analyst.
Many social scientists say that poorer Third World countries should reject "models based on economic laws" of universal validity. According to them, there are no universal laws.
A company has a technology described through the production function, Calculate the quantity of labor demanded by the firm and cost minimizing K/L ratio.
Make pertinent recommendations to senior management based on the empirical demand function and write a short report summarizing the results of the analysis and any recommendations.
The following table demonstrate yearly sales information for Landrover, Inc., over the ten-year 1998-2008 period:
Solving Question about Risk & Variance, a statistical measure of the degree to which securities' returns move together is called,
1.If the industry under perfect competition faces a downward sloping demand curve, why does an individual firm face a horizontal demand curve?
Make some research on a topic known to economists as 'friction-free' or 'low-friction' economy. Early writers on this topic foresaw many of the seismic shifts that have occurred in the market place over last one to 2-decades.
Monopoly with two production plants and cost functions of C1 = 50 + 0.1 Q1^2 and C2 = 30 + 0.05 Q2^2. Compute the profit maximizing level of output
What is the profit maximizing price, output, and total profit and what would be the revenue maximizing price, output and revenue?
Write a note on managerial decision-making under perfect information, risk, uncertainty and What are the limitations of opportunity cost, Analysis.
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