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1. If a 10% decrease in the price of gas causes a 30% increase in the demand for standard sized autos, then the cross-price elasticity of demand is:
2. If the price elasticity of demand of for gasoline is 1.8, then a 15% decrease in quantity demanded is caused by a:
3. A 10% increase in the price of 40 inch LCD televisions which have a price elasticity of demand of 2.5 will cause a:
4. A business newscast claims that the median home price of existing homes fell from $450000 to $350000. Over the same time period the quantity of these homes sold fell from 4100000 to 3900000. Using an arc elasticity formula, calculate the arc elasticity implied. The formula is:
5. The demand for a product is income elastic with an elasticity coefficient of 2.00. If there is a 35% increase in income then what will the increase in demand be?
6. The cross-price elasticity of biscotti demand with respect to the price of Lattes is -2.20 (Lattes and biscotti are complementary goods). If the price of Lattes increases 20% what would you expect the demand for biscotti to be?
Illustrate what does a contraction Gap imply about the actual rate of unemployment relative to the natural rate
Explain if rewards are tailored towards individual, group, and / or company performance. Explain how you as HR manager will create an incentive pay program that will motivate employees.
Studies have hit on a few products like Coca-cola and how they segment the market, focusing on Coke for youth and Diet Coke for older adults. Pick one other company that markets similar yet different products to various market segments.
The Diamond Outlet has current earnings per share of $1.96 and an expected earnings growth rate of 2.2%, the required return on the stock is 13% and current book value per share is $12.70. What is the current market value of this stock?
Assume bad wear in Florida ruins much of orange crop. Illustrate what happens to consumer surplus into market for oranges.
Explain why most economists believe it is absolutely necessary to allow free trade in an economy. Why is it harmful (under most circumstances) to have tariffs and trade barriers?
A large wood products company is negotiating a contact to sell plywood overseas. The fixed cost that can be allocated to the production of the plywood is $800,000 per month. The variable cost per thousand board feet is $155.50. What is the domain of ..
Given this information, explain why this monetary policy has not yielded any results. Use the aggregate demand/aggregate supply (AD/AS) model to aid in your answer, and assume the economy is in a long-term equilibrium as your starting point. A good a..
If I produce 20,001 copies my total cost will rise to $750.02, therefore my marginal cost of producing copies must be increasing.” Draw a graph to illustrate your answer.
Calculate the forward premium on the British pound for the Dutch investor where exchange rates are in euros per pound. Is it positive or negative? why do investors require this premium/discount in equilibrium.
Determine which of the two investment projects a manager should choose if the discount rate.
Medfin Accounting Company (MAC) specializes in providing accounting and tax services for medical establishment and professionals. Presently, the company's production method is highly labor-intensive because many of the books keeping tasks are done ma..
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