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The online bookseller, wants to increase its total revenue. Currently, every book it sells is priced at $10.50. One suggested strategy is to offer a discount that lowers the price of a book to $9.50, a 10% reduction in price using the midpoint formula.
Elucidate wether each of the following evens shifts the short-run aggregare supply curve, the aggragate demand curve both or neither.
During the average month in 2006 she was logged onto the Web for 17 hours. Illustrate what is the average cost of an hour of Web time to Kety. What is the marginal cost of an additional hour.
find out the annual prices of oil for the past 5 years. By what percentage is the current price higher or lower than 5 years ago.
Rental cars should be treated as perfectly divisible. Be sure to provide numerical coordinates for any particularly key point.
If the government raises your marginal income tax rates and uses the money in a way that does not affect you in any way.
Describe capital and labour productivity in engineering context and pharmaceutical industries in India. Discuss whether Indian Consumer goods industry is growing at the cost of future profitability.
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or shareholders) worse off. Do you agree or disagree.
Find the equilibrium price also quantity, then find elasticity of demand. Which should the federal government consider when evaluating the rising cost of college.
According to the rule for optimal input usage, a film should hire a person as long as her marginal income product is greater than her marginal cost to the company.
As part of their chores on Saturday mornings, they have to clean the bathrooms also wash the floors of the house while their parents go grocery shopping.
What is the equilibrium price paid by the demanders for merino ewes now. Elucidate what is the equilibrium price received by the suppliers for merino ewes.
Using the concept of net present value also opportunity cost, explain when it is rational for an individual to pursue
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