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Suppose that a store will sell 2000 boxes of bananas a week at a price of $12 per box. If the store raises its prices to $15 per box, it will sell 1500 boxes.
1) What is the elasticity using the original formula?
2) What is the elasticity using the midpoint formula?
The advent of personal computers also word processing software which eliminated the market for electric typewriters would be an example
q.suppose the consumption of gold offers people a marginal utility that diminishes as that person consumes more gold.
Elucidate what should Paul, the Director of Human Resources, do to determine how Plastec (a company that manufactures plastic) compares with other area employers in terms of wages and benefits.
Explain how Democratic is it to support an unelected judiciary. Defend your argument for or against the election of federal judges and Supreme Court justices.
What can be accomplished about the impact of transportation costs on the price of the traded product in each trading nation.
This year before a major earthquake adversely affected the production capacity in Nepal, the country's economy was working at its capacity level and inflation and growth rates were following their normal and stable paths at 2% and 4%, respectively. W..
Suppose instead that the marginal mining cost increases with the amount mined. Illustrate what is now the e¤ect on gold consumption and mining of an increased use of gold as money.
q.suppose the market demand for apples is given by qd 1600-100p and there are two firms operating in it each with a
Assume a $6 excise tax is imposed on the good. Conclude the new equilibrium cost also quantity.
The domestic supply-and-demand diagram below represents a product in which the United States does not have a comparative advantage. What impact do foreign imports have on domestic price and quantity?
Illustrate what would be the new equilibrium price of hoods to the truck manufacturer.
Given your results from above, what is the equation for the Chunzheng's long-run total cost curve as a function of quantity Q. How much does it cost to produce 27,000 units?
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