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Suppose that in a week the price of Greek yogurt increases from $1.25/lb to $1.75/lb. At the same time, the quantity of Greek yogurt supplied increases from 100,00 lbs to 150,000 lbs. What is the price of elasticity of supply for Greek yogurt?
An apparel manufacturing plant has estimated the variable cost to be $4.50 per unit. Fixed costs are $500,000 per year. Forty percent of its business is with one preferred customer and the customer is charged at cost. If 150,000 total units are sold ..
Discuss this week's objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.
Evaluate the appropriate government role in K-12 education using the test of market failure. Specifically, determine whether private markets could work within a K-12 context, or if government is support necessary.
Per capita income in County A is $45,000. Per capita income in County B is $38,000. Physician visits average 3.4 per year in County A and 3.2 per year in County B. What is the arc income elasticity of demand for visit?
Use the following to answer the questions below: z is the marginal utility per dollar, x is the amount spent on product A, and y i the amount spent on product B. Assume MUA = z = 10 x and MUB = z = 21 2y. Assume that the consumer has $10 to spend on ..
Explain should decision management as well as decision control be separated.
If the company wishes to restore its sales to 10,000 pairs a month, illustrate what price should it charge every pair of socks.
Illustrate what is the money multiplier. Illustrate what is the available lending capacity.
Why would a country include offshore assembly provisions in its tariff code? Post to the discussion board your 200 word answer, focusing on selecting and organizing your most relevant comments in a coherent fashion
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific.
Zar Island Gas Company is the sole producer of natural gas in the remote island country of Zar. The company's operations are regulated by the State Energy Commission. The demand function for gas in Zar has been estimated as: In the absence of any gov..
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them?
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