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Assume that a men's dress shirt was selling at $100 in a store. After one week, the store sold only 50 shirts. Then the manager of the store declared a sale "buy one get one free". This resulted in a sale of 200 shirts in the following week. Calculate price elasticity of demand. What does the coefficient indicate?
Illustrate what is maximum amount you would pay for offer of $2,000. Suppose offer was $2,000, but delivery was to be in 2 years instead of 1 year. Illustrate what is maximum amount you would be willing to pay.
q. a selfless person approaches jones and smith with a 100 bill and offers to sell it to the highest bidder but both
Suppose in an economy, the sum of the growth rates of M and v is equal to 6%. Further assume that the Solow growth model predicts a real GDP growth rate for the coming year to be 2%. What would inflation expectations most likely be?
Stores need not accept your check but must accept currency because
What is meant by absolute advantages and comparative advantages? What are the differences between the two?
How well do the monetary policies enacted by the Fed regulate the national economy? Which of the monetary policy tools -- Open Market Operations, Discount Policy and Reserve Requirements -- seems to be most effective?
Did the economic recession we've experienced recently affect your organization
What is the elasticity of its demand with respect to advertising? Now suppose the theater increases the number of its ads to 250. Should the theater increase its price following this ad campaign? Explain.
When firms in a perfectly competitive market face the same costs, in the long run they must be operating
q.suppose you know that chateau mulls mrt of wine for garbage was 21 it would require the creation of 2 additional bags
In a market economy, every resource will tend to be paid according to its marginal product. Highly productive resources will command high prices, whereas less productive resources will command lower prices.
What is the equilibrium cost as well as equilibrium supply.
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