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The demand curve of a company is given by P=2000-50Q. What is the price elasticity of the demand curve if the price is Rs500? At what price, if any, the product has unitary elastic demand? What can be inferred from this?
Phil has two periods of work remaining prior to retirement. Assume that Phil maximizes the present value of his expected lifetime earnings and his discount rate is 10 percent. He is currently employed in a firm that pays him the value of his ma..
If countries can benefit with increasing their consumption possibilities through trade, why do so many countries place restrictions on trade?
imagine that you have decided to open a small ice cream stand on campus called ice-campusades. you are very excited
given that there are over 200000 public school teachers and administrators in texas discuss the failure of groups
The cost of paving a new multi-use trail is $1.7 million. Minor repairs and up-keep will cost $100,000 per year. Every 10 years the trail will need a major re-surfacing at a cost of $850,000. These costs will continue indefinitely.
Explain the causes of recent recession and when it started and when it technically ended. Finally why the recent recession was called the worst recession after the great depression.
What is compound interest? How does it relate to the formula: X dollars today = (1 + i)tX dollars in t years? What is present value? How does it relate to the formula: X/(1 + i)t dollars today = X dollars in t years?
consider a classical long-run economy described by the following equationsy c i gy al ka 50l 400k 100g 0t 0c
Why would IBM insist on Intel second sourcing the 8086/8088 chip it chose to power the first generation of its PC? What are the sources of lock-in? How was Intel eventually able to virtually eliminate competition and profit from lock-in?
Explain how they are similar and how they are different and describe your experience with these types of power.
Calculate the price elasticity of demand
Why does DMR occur? Explain it in plain English and how is DMR different from diminishing marginal utility? How are they similar?
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