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Suppose the own price elasticity of market demand for retail gasoline is -0.8, the Rothschild index is 0.5, and a typical gasoline retailer enjoys sales of $1,500,000 annually. What is the price elasticity of demand for a representative gasoline retailer’s product?
In the short run the typical company increases its output but its total cost also rises. Hence, the effect on the company 's profit cannot be determined without more information.
Given the importance of the M-Pesa to the rising economic growth of the Kenyan economy, what should Safaricom do about the Kenyan government’s announcement of a new 10% tax on financial transactions? For this question assume that transactions are bet..
Their costs and benefits are presented in the table below. Each project has a useful life of 50 years and the MARR is 12% per year. Which of the projects, if any, should be selected?
q. 1. why a favorable shock to the production function tends to reduce the price level p. how could the monetary
If the current price of its product is $80 also there is no change in quantity if price is increased, illustrate what must the new price be to achieve the goal.
In a situation of first-mover advantage, a strategic move would be to:
A 15 year bond having a face value of $5000 and a coupon rate of 6 percent per 6 months payable semiannually was purchased for $7000 8 years ago, and the 16th interest payment was just made. What can it be sold for now if a buyer's desired return..
A sudden decrease in the market demand in a competitive industry leads to
To produce that many donuts weekly, company uses 1,000 pounds of flour, which must be delivered by 5:00 am every Friday morning. Explain how should manager of company acquire flour. Explain."
Explain what would the cross-wage elasticity between teenagers and adults have a positive or negative sign.
q.consider the following cobb-douglas production function for the bus transportation system in a particular cityq
Elucidate why does a starbucks coffeehouse face a downward sloping demand curve, while a wheat farmer faces a horizontal demand curve.
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