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Assignment Question
Explain why each of the following factors may influence the own price elasticity of demand for a commodity.
1. Consumer Preferences: that is, whether consumers regard the commodity as a ‘luxury' or ‘necessity'.
2. The narrowness of the definition of the commodity.
3. The length of the period under consideration.
4. The availability of substitutes for the commodity
An investor buys a 3% 20-year bond with a face value of $1000 for $1088. After receiving semi-annual dividend payments for 11 years, the investor decides to sell it. What would the sale price need to be to get an ROI of 4% per year compounded semi-an..
Identify also converse at least two arguments which support trade restrictions also two Once modest trade restrictions.
Assume there is a central city school district in which the student population is predominantly black. What will there be a salary differential between black and white teachers.
Atlas Transportation is considering installing temperature logger in all its refrigerated trucks for monitoring temperatures during transit. If the systems will reduce insurance claims by $40,000 per year for 5 years how much should the company be wi..
q1. a perfectly competitive firm has total cost function as followtc 2q2 4q 200a. what are the firms break-even
Report demand graphic as well as independent variables that are relevant to absolute a demand analysis providing a rationale for the selection of the variables.
Assume the technology for producing personal computers improves, and, at the same time, individuals discover new uses for personal computers so that there is a greater utilization of personal computers. Which if the following will happen to the equil..
Define asymmetric information. Distinguish between hidden characteristics and hidden actions. Which type of asymmetric information contributes to the principal-agent problem?
A product has an arc elasticity of -0.8. at a price of $7.00, 1000 units are sold per period. In order to sell 1200 units, what will the new price be. Illustrate what is the revenue at the old price ($7.00)and the new price.
Assuming that there are no direct expenditure offsets to fiscal policy, how much should the government increase taxes?
In the original formulation, which constraints were binding? use SolverTable to discuss the effects of extending labor on the Objective function. Include a well-formatted table as Exhibit B. What would be your recommendation to Imelda?
What kind of goods are gasoline and road deaths. How might this impact how we evaluate increases in gasoline prices.
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