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During a specific period of time, the average price of long-distance calls fell from $0.25 per minute to $0.15. As a result of the drop in price, average long-distance calling per person per month increased from 300 minutes to 400 minutes.Using the midpoint method, calculate (show your work) the price elasticity of demand for long-distance call.
suppose two competitors coa inc. and han inc. are locked in a bitter pricing struggle in the aluminum industry. in
Redstone Clayworks, Corporation is located in Sedona, Arizona and creates clay fire pits for patios. They are one of about two dozen companies around the world that produce and sell clay fire pits for retailers such as Home Depot Lowe's Front Gate
ublic offering bonds 20% and interst 6%. tyberius investment 10% and interest 10%. sludge FM bank 20% and interest 12%. retained earning 15% and interest 10%. commen stock 25 and interest 15%.
in the above diagram the elimination of discrimination is best represented by ltbrgt ltbrgt ltbrgt ltbrgt ltbrgt ltbrgt
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases
what is the logic behind the theory of purchasing-power parity? suppose that money supply growth continues to be higher
Suppose the government decides to increase taxes by $30 billion in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices
Decentralizing decision rights marries authority with local knowledge. This would seem to be a good thing, but a problem that may arise is that: local managers may have too strong a corporate identification.
A recovery a good strategy?
A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500 kw, have a life expectancy of 20 years and suppose the discount rate is 10%. If electricity can be purchased for costs of $0..
microeconomicsquestion 1suppose that oil prices rise sharply for years as a result of a war in the middle east.
A change in the real money supply can result either from change in the nominal money supply through Federal Reserve policy ( holding the price level constant) or from a change in the price level( holding the nominal money supply constant).
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