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Suppose the elasticity of demand for your parking lot spaces, which are located in a downtown business district, is -1.3, and the price of parking is $6 per day. Additionally, suppose that your MC is zero, and your capacity has been 80% full at 9 AM each day over the last month.
Since demand is (elastic/unit elastic/inelastic) , and the lot is below capacity, (decreasing price/leaving the price unchanged/increasing price) is the optimal pricing strategy.
In 2002, a well known conglomerate that produces a multitude of noncompeting customer products instituted a corporate wide initiative to encourage the managers of its many divisions to share consumer demographic info.
In a small open economy with a flexible exchange rate, an expansionary fiscal policy will cause which of the following to happen?
Collecting primary data is a lengthier, more expensive, and more complex process than collecting secondary data. To gather primary data, researchers use sampling procedures, survey methods, and observation. All the elements, units, or individuals of ..
Suppose at a bundle (c, d) in the interior of the choice set, your MU for each good is zero. you are rational. You will consume some bundle on the budget line. Tim Finnegan decided to drink whiskey for the first time in his life, while sitting on top..
The market for tennis shoes has a horizontal supply curve and a linear, downward-sloping demand curve. Currently the government imposes a tax of t on every pair of tennis shoes sold and does not tax other goods. The government is considering a plan t..
An alternative has a discounted project cost of $4,185,000 with no salvage value. The estimate was in constant dollars and the discounting used mid-year factors. While the period of analysis is 5 years, the alternative only provides benefits for the ..
ABC Corporation's recently issued bonds paying interest semi-annually and maturing in 10 years. The face value of each bond is $1000, and 6.8% is the nominal interest rate. What is the effective interest rate an investor receives?
Jenny consumes 3 different goods X, Y and Z. Her corresponding utility function is U(X,Y,Z) = 2XY + 4Y + Z^2 . If Px = Py = $1, Pz = $2, and Jenny’s budget is $38, how much of X, Y and Z, should Jenny purchase? What is the maximal utility level that ..
Describe the composition of India's exports. Discuss India's the key objectives and strategies of India's Foreign Trade Policy 2009-2014 - What are the benefits and facilities provided to units located in Special Economic Zone (SEZ)?
Briefly define the following terms. Tariff escalation, Optimal tariff rate, Ad valorem tariff equivalent, Voluntary export restraint (VER), Terms of trade effect (of subsidy), Harmonized System (HS) of commodity Classification, Common external tariff..
Analyze marketing strategies in reaching markets with their products or services. Continue with a detailed description of marketing management strategies used in the implementation of the marketing plan.
Identify four policies the government enacted following the financial crisis. Evaluate what effect these policies would have on the economy from both a short-run and a long-run perspective. Be sure to include: The distinction between the short-run an..
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