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Q1. Study Plan Problems and Applications: Rain spoils the strawberry crop, the price raises from $4 to $6 a box, and the quantity demanded decreases from 1,000 to 600 boxes a week.
a. Calculate the price elasticity of demand over this price range.b. Describe the demand for strawberries. Q2. Gasoline prices above $3 per gallon have affected what enterprise rental car co can charge for various models of rental cars. suvs are @37 with one day return and subcompacts are #41 with one day return. Why would the equilibrium price of suvs be lower than the equilibrium price of subcompacts?
Determine the income elasticity of demand, and state whether good X is a normal or inferior good. d. Determine the own advertising elasticity of demand.
Illustrate what is the expected value of your earnings from investing in General Motors stock.
Illustrate what is the probability that this worker is a college graduate. A non-college graduate. Are educational achievement and employment states independent
A cinema hall has a capacity of 150 seats. The owner can oer students a discount on the price when they show their student
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
calculate the standard deviation of the distribution of each investment. Which of the two investments is more risky?
Illustrate what are elements of Circular-Flow Diagram. Illustrate what concepts does diagram illustrate.
How much is she actually paying the credit card company, including interest, when her credit card is paid off?
Different products have different elasticities. Heart medication, for example, is inelastic, and corn is elastic.
How does the AICPA Code of Professional Conduct relate to ethics? Provide examples to support your response.
Pick a firm in the fashion/retail industry. In your opinion, how does the firm you selected acquire market power? What impact do barriers to entry have on the firm's market power?
Illustrate what is the difference between the firm's short-run supply curve and its long-run supply curve? Make up an actual example to explain your answer.
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