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Kean University Professor Henry Saffer and Wharton School of Business Professor Dave Dhaval estimated that if the alcohol industry increased the prices of alcoholic beverages by 100 percent underage drinking would fall by 28 percent and underage binge drinking would fall by 51 percent. What is the elasticity of demand of underage drinking and binge drinking?
suppose the equilibrium price in the market is 10 and the price elasticity of demand for the linear demand function at
explain operational concerns surrounding introduction of a sport energy drink into indonesia market by exporting from
W(sub)a= 1/a1(Y1)+1/a2(Y2)+1/a3(Y3)+1/a4(Y4) where a(i) are the constants. a) What restriction on the ai is needed for Wa to be an unbiased estimator of mu? b) Find the variance of Wa.
a scientist testifying before a congressional hearing on the effects of estrogenic pesticides told every man in the
a tell me why you selected the appropriate exponential smoothing method by commenting on your y data
the oil well maconda exploded in the gulf of mexico in 2010 killing 11 people and creating a huge oil spill. bp did not
Compute the physical units of production. Compute equivalent units of production for materials and for conversion costs. Determine the unit costs of production.
explain briefly how a change to the following ms md or p ceteris paribus would shift the lm function to the right.
consider the employee-employer relationship - an employee would like to be paid but also gets some benefit by
If there are diminishing returns to the variable input, will average variable cost necessarily increase with increase in output?
In 1999, India did not have shopping malls. It now has more than 100 malls. explains this rapid development.
Assume that the price of silk ties in a perfectly competitive market is $17 and that the typical firm confronts the following costs: Quantity (ties per day) 0 1 2 3 4 5 6 7 8 9 10 Total Cost 17 24 33 44 57 72 89 108 129 152 177
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