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At the local ice cream parlour, the price elasticity of demand for ice cream conesis --1.5 at the current price of $4per coneand the current quantity demanded of 500 cones. The local ice cream parlouris thinking about to increasing the price to $4.10per cone. How many ice cream coneswill be sold at this higher price? Will the store's total revenue increase or decrease?
Trade/Opportunity Cost: Pat and Kris are roommates. Outside of the time they spend studying, they spend time doing some of their favorite activities: making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to m..
Select an employee acceptable use policy for a real or fictional organization that addresses its information systems, technology and assets. If necessary, make changes to the policy to include, but not necessarily be limited to, email, social medi..
An? individuals demand curve is negatively sloped because...
Consider the market for branded designer dog tags. Economic consultants have estimated a linear approximation to the market demand curve: QD(P) = 120 – 30*P, where the intercept and slope terms are in millions. To make the marketing campaign worthwhi..
Assume that good x and y are substitutes. Show graphically and explain the effect on the bundle selected that will maximize utility if the price of good x falls. Draw and explain the demand curve for good x and the price-consumption curve for good y.
Eddie's Precision machine shop is insured for $700,000. The present yearly insurance premium is $1.00 per $100 of coverage. A sprinkler system with an estimated life of 20 years and no salvage value can be installed for $20,000. what is the present w..
Based on the current health care crisis in this country, and lack of availability of affordable prescriptions drugs to all, it is ethical that people are getting their prescriptions filled with Canadian companies? Please list the url's to the sources..
The Lost Mountains of northern Iowa are inhabited by the rare Marshallian deer. Patches of grass are far apart in this rugged land. If a deer finds a fresh patch of grass and spends h hours grazing it, it gets y = √ h units of grass. The deer compete..
Also, in your response, please consider how advertisers address the different media options available in different parts of the world.
The Dakota Corporation had a 2015 taxable income of $35,500,000 from operations after all operating costs but before (1) interest charges of $8,800,000; (2) dividends received of $780,000; (3) dividends paid of $5,400,000; and (4) income taxes. What ..
How can large companies afford to lower the price of goods in a competitive market? A company’s ability to raise its price without losing its entire market is an example of market power. One of the most important of these is economies of scale. Expla..
Earlier this year, Greek citizens, fearing currency changes or capital controls, took billions of euros out of their bank accounts. Some of it they sent to banks in other countries, and some of it they even hid in flower pots, freezers, and yes, unde..
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