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George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?
When a hurricane or flood or a pandemic strikes a country, who is most likely to respond first?
explain the terms abnormal profits and normal profits
1. An innovator, who creates new products and new ways to get business done, is referred to as: Select one: a. A manager. b. A capitalist. c. An entrepreneur. d. A creditor. 2
Ask question #MinDerive the isoprofit function ?imum 100 words accepted#
what is meant by diminishing scale output
what measures should be taken to raise the productivity of the workers?
n 2013, approximately 58 percent of the adult population (245 million) was employed, the lowest employment rate in 20 years. If the employment rate increased to the prerecession l
define business cycle
What are the basic differences between the investment curve and an investment demand curve for an economy
Examine the pros and cons of commercial transactions in blood from the egoistic, the utilitarian, and the Kantian perspectives.
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