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Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be:
a. unit elastic.
b. inelastic.
c. elastic.
d. None of the choices apply,
If oligopolists compete hard against each other.
q.the market for water in urban areas in australia is often dominated by one provider for example sydney water in the
Which of the below transaction(s) are included in the GDP calculations for the Year of 2012?
Explain how you would exceed customer expectations by creating value. How does perceived value differ from actual value? What are the costs of diminished perceptions of customer value? In your answer, focus on a particular industry and create a scena..
Suppose that the government decides to tax potato chip producers for every bag of chips sold. Before the tax, 100 million bags of potato chips were sold every year at a price of $3 per bag. What is the amount of the tax per bag of potato chips? What ..
Assume an endogenous growth model with labour augmenting technology.
Constant returns to scale are associated with a:
How will firms react to rising output price levels? What reactions can they expect from their employees and suppliers over time?
Suppose you are the manager of a restaurant that serves an average of 400 meals per day at an average price per meal of $20. On the basis of a survey, you have determined that reducing the price of an average meal to $18 would increase the quantity d..
In a small open economy, starting from a position of balanced trade, if the government increases domestic government purchases, this produces a tendency toward a trade deficit and negative net capital outflow.
Projects A requires an initial outlay of $1000 and yields $41200 in 4 year's time. Project B requires an outlay of $30 000 and yields $35 000, after 4 years. Which of these projects would you choose to invest in when market rate is 3 percent."
Which of these will still be needed when you move your company to PayMaster?
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