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Question: Elasticity of T-shirt Sales Amari has been selling 5,000 T-shirts per month for $8.50. When Amari increased the price to $9.50, he sold only 4,000 T-shirts. What is the demand elasticity? If his MC is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?
Discuss some of the benefits and costs of globalization for the U.S. economy. How should the U.S. respond to the challenges of globalization? In the short run and long run, how has globalization affected the conduct of monetary and fiscal policy in t..
Fiscal policy consists of using government spending and/or taxes, to "manage" the economy. President Obama used almost $800 Billion in spending to try
The ultimate result of this one-shot, simultaneous-move game depends upon the choices made by both competitors.
Many economists have attempted to create a set of social accounts that would come closer to measuring the economic well-being of the society than does GDP. What modifications of the current approach would you recommend to them?
what is the approximate real rate of interest. Illustrate the exact real rate.
Calculate the expected value, the expected return, the variance and the standard deviation of an asset that requires a $1000 investment, but will return $850 half of the time and $1250 the other half of the time.
Shocks to an economy, such as wars, famines, or the unification of two economies, often generate large flows of workers across borders. What are the short run and long run effects on an economy of a one-time permanent increase in the stock of labor? ..
A $78,000 mortgage has a 30-year term and a 9% nominal interest rate. (a) What is the monthly payment?
q. in 1999 mercedes- benz usa assumes a new pricing policy which it called nfp negotiation- free process that sought to
We know that Keynes and Minsky both had a multipoint description of the trade, or business, cycle with Minsky being more detailed than Keynes. Using Keynes' elements of the trade cycle as major bullet points, as-sign Minsky's elements of the business..
Prepare a report addressing the type of business model use by Jones Lang LaSalle. Include the organization's vision and mission and describe what objective evid
In a school, 60% of pupils have access to the internet at home. A group of 8 students is chosen at random.
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