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Suppose the price elasticity of demand for farm products is inelastic. If the federal government wants to follow a policy of increasing income for farmers, what type of programs will the government enact?
Expenditures that do not vary with the level of real GDP are called:
Suppose that in a week the price of Greek yogurt increases from $5.00/lb to $5.25/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,000 lbs to 125,000 lbs. What is the price elasticity of supply for Greek yogurt?
Bleacher tickets for the game were sold out and many fans would have attended if tickets were available? What is the main rationing mechanism to allocate tickets for the game?
NPV and IRR: Under which circumstances can the NPV and IRR calculations lead to conflicting results? Differences: What is the major reason for the difference? Preferable Methods: Which of the two methods is preferable? Why? Use examples and plots wit..
Your product fails about 2% of the time, on average. Some customers purchase the extended warranty you offer in which you will replace the product if it fails. Would you want to price the extended warranty at 2% of the product price? Discuss both mor..
q. a draw the supply and demand for apartments. assume in this market all apartments are identical so there is only one
Illustrates and explains the expected impact of a change in government policy (using a demand a supply diagram).
The total fixed costs for manufacturing a product each month is $8,000. The variable cost per unit consists of direct labor, material and overhead. The labor will be based on the 25th unit and an 85% learning curve is expected to apply to the number ..
Suppose you are advising a small country such as Romania on whether to print its own or to use the money of its larger neighbor such as the European Union. What are the costs and the benefits of a national money? Does the relative political stability..
Each bundle that the consumer chooses, draw the indifference curve that goes through that bundle.
how are companies using real options, what types of options exist, why are real options important, who uses real options, where are real options most appropriately used and what are experts saying about real options.
Compare perfect competition and monopoly on the basis of (a) number of firms (b) barriers to entry (c) kind of product -- standardized or differentiated (d) presence or absence of long run profits (e) elasticity of the demand curve (f) provide an exa..
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