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A physical therapy clinic faces a demand equation of Q = 200 – 1.5 × P, where Q is sessions per month and P is the price per session. a. The clinic currently charges $80. What is its sales volume and revenue at this price? b. If the clinic raised its price to $90, what would happen to volume and revenue? c. If the clinic lowered its price to $70, what would happen to volume and revenue?
Money Definitions. To answer the following questions, refer to the money definitions and relationships 1: Total currency = (currency in circulation) + (vault cash) 2. Total reserves = (vault cash) + (reserve deposits). Suppose that banks have a total..
What is in USD million dollar conversion? Below all number RMD to USD MILLIONS?
Ketchup is a complement (as well as a condiment) for hot dogs. If the price of ketchup decreases, using a supply and demand diagrams for hot dogs, show what happens to equilibrium price, equilibrium quantity for hot dogs, and total revenue for produc..
How will an increase in the savings rate affect the growth rate of per capita output in an endogenous growth model?
In an effort to reduce education expenditures, Delware shuts down two of the five colleges that train nurses. Using the traditional supply and demand model, discuss the effects of the budget cut on three markets: the markets for nurse schooling (tuit..
Essential Problems in bold: Demand with a quasi-linear utility function. Consider a consumer with the following utility function u(x1, x2) = √x1 + x2. This is an example of a Quasi-Linear utility function. Calculate the MRS for this consumer for gene..
Think about how you can check whether marginal benefit equals marginal cost for each of your household’s activities. By what methods are your households scarce resources allocated? Identify those allocated by the market price; by command; by first-co..
In addition to reviewing all the course materials, you should view the movie Inside Job, which is a look at corporate accountability regarding the ongoing international financial crisis. Incorporating facts and ideas presented in the course, includin..
find the new equilibrium GDP when I increases to 350 and all other values remain the same.
If the composite good costs $1, what is the price of good x in each of the three budget lines? Draw the income and substitution effects of a price decrease from the most expensive to the second most expensive on the figure above. Draw the income and ..
Introduction: It is February andyou have recently been hired as the manager of Mt. Claire Café. You have been asked to improve profitability. Note: Please use Excel for all calculations.
Explain how would you try to convince him that this is probably not the right way to look at international trade and its effects on the country.
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