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Choose two real-world companies in different industries, one that you feel faces elastic demand and one that you feel faces inelastic demand. In each case, you are an economist working in the company and you have come to a conclusion of what kind of demand the company faces.
You are to write a paper, convincing the president of the company of your conclusion and explaining what the company's pricing strategy should be. 200 word minimum for each company
Elucidate how much will each worker have to pay per unit to provide the socially efficient quantity.
Elucidate how that the regression R^2 in the regression. The assumption that more is better satisfied for both goods.
If Inputs A and B are respectively 20% and 40% of the cost of producing this product, what is the effective rate of protection on the product?
q1. assume the monthly demand for soda by a consumer is given by.a. if the price of soda is 1 per can explain how many
Consider the market for electronics. Patents are granted to investors of a product or process for a certain number of years. The reason for this is to encourage innovation in the economy, without the existence of patents; it is argued that research a..
A California grower has a 50-acre farm on which to plant strawberries also tomatoes. The farmer needs to know the number of acres of strawberries also tomatoes to plant to maximize profit.
It is generally expected that an economic downturn will lead to an increase in inflation. Full employment output is defined as the output that can be achieved if everyone in the labor force has a job. According to the Keynesian model, injections will..
Depreciation in the value of the Japanese currency in relation to the US dollar does not allow the Japanese firms to sell more in the USA marketplace.
The annual income from an apartment complex is $20,836. The annual expense is estimated to be $2,463. The apartment complex could be sold for $144,351 at the end of 10 years. If your MARR is 10%, how much should you pay for the apartment complex if y..
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Graph the demand curve for X given the above information. Elucidate how will the demand curve change if M falls to 35,000.
An increase in the price of a product (P), along with an increase in the price of an input factor (PI), is certain to lead to an increase in quantity supplied (QS). An increase in the dollar amount of fixed costs increases marginal cost.
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