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George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50, he sold only 4,000 T-shirts. What is the demand elasticity? Will you advise George to keep raising prices to generate more profits?
Topic - Inequality of wealth and income: causes and consequences. Explain some of the main factors contributing to inequality of income and opportunity in Australia.
To Vote or Not to Vote - Mr. and Mrs. Ward typically vote oppositely in elections. Diagram a game in which they choose whether to vote or not to vote
1 What is space junk - how is this a hazard to space flight? 2. NASA and other space agencies track space junk - how many individual objects do they track? Are there objects they cannot track?
A price-taking firm has a short run cost function SC(q) = 3q^2 + 18q + 600. Calculate the profit for this firm if the price is P = 72. Using either an integral or geometry, calculate the producer surplus for the firm at P = 72. Explain how the Produc..
When it is squared, the result is smaller, not bigger. Thus, having t2 instead of t in the formula makes the size of the tax less important.
a) The economist for the Grand Corporation has estimated the company's cost function, using time series data, to be
Assume that major wheat producers in the world increased their land under wheat by 30 percent. Graphically show the effect of increase in land under wheat on the grain market.
If the spot price of the British pound is $2.20, the risk-free rate on 1-year government bonds is 3% in the US and 6% in the UK, What is the one-year-forward price of the pound?
Calculate the average cost per passenger for the full flights and for the half full flights.
The revenue (X) from the sales of a company has an expected value of $7,403, with a standard deviation of $551 while the cost (Y) has an expected value of $4,566, with a standard deviation of $348. The covariance between the revenue and cost is 1,434..
Explain why the acceptance of lower-grade job is itself a form of unemployment.
A team of 3 employees must be selected to represent the department at a companywide meeting in the headquarters of the company.
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