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Manufacturers' average annual product of railcars has been more than doubled since the early 2000s, to in excel of 60,000 railcars per year. What would likely happen to the demand for railcars if the
What do you suppose has happened to the demand for string instruments used by performing musicians as a result of the decrease in demand for musicians' services?
How would a gradual increase in the percentage of fathers who stay home to care for young children while their wives continue working ultimately alter the male-female wage gap?
Illustrate the principles of absolute and comparative advantage by using two nations in a hypothetical investment scenario. Your response should be at least 200 words in length.
In Russia, as per capita income rises from $1,990 to $2,040, ceteris paribus, annual per capita consumption of vodka rises from 475 liters to 500, what is the income elasticity of demand for vodka
Therefore, he recommends cutting price in order to increase revenue and profit. a) Compute the point price elasticity for mower. Is the marketing chief correct? b) Do you agree or disagree with cutt
Demand for small tractors is given by: P = 20,000 - Q, where P denotes price in dollars and Q is annual sales. Find the firm's profit-maximizing output, price, and annual profit.
If there is an equal number of men and women, what pricing strategy will yield the greatest revenue? What if women compromise the bulk of microwave shoppers?
Is the Current crisis in the VA health care system in any way a predictor of what is in store of Americans when Obama care is fully implemented? Or is the VA scandal an unusual one time event?
You have the information about the cost and proceeds of the sale above. 3.Lisa Murphy sees a painting for auction in Japan that is expected to sell for ¥3,000,000.
Examine the theories and practicalities , including the requirements and weaknesses of setting up a coasian theorem solution to all of the scenarios.
Calculate the break-even level of income for a family of four. If all families above the break-even level of income pay a flat rate 25% tax on their earnings, plot disposable income as a function of
Plot the recipient's money income-leisure tradeoff (budget) line under these circumstances. Assume that she can find work at $4 per hour. How many hours will she have to work per day before her bene
Calculate the elasticity for each variable at that point and briefly comment on what information this gives you for each variable.
What happens if you raise the price to 4 but also raise the Advertising to 2.1? Is this beneficial to the firm? Why? What is the equilibrium if Qs = 11 + P and we spend 2 on Advertising?
Discuss how government regulation is either constraining or enabling viable business operations in any company. Apply practical examples to illustrate.
Lower coffee prices, and consequently launched a very successful advertising campaign, aimed at the youth, to turn their preferences towards drinking more coffee. What occurred?
Suppose buyers cannot tell the difference between high and low quality toasters. Draw the supply and demand curves for toasters in a graph. Label everything clearly.
Q is quantity demanded per month in thousands, P is product price, I is an index of consumer income, and A is advertising expenditures per month in thousands. Assume P=$10, I=100, and A=20.
Find out the firm's production function, y= f(x1, x2). From the cost function derive the firm's conditional (output constant) demand function x1(w,y).
You've just read that the Federal Reserve has increased the money supply to avoid a recession. For a given price level, you would expect the LM curve to:
Assume that the demand changes to QD = 600-2P and the supply function stays the same. Graph the new situation in Excel. Find the new equilibrium price and quantity, and show it on your graph.
Find the inverse demand curve? How much consumer surplus do consumers receive when Px = $35?
Levi Strauss successfully markets Levi jeans on History channel as a way for older men to stay young forever. What will happen in the jeans market ceteris paribus?
A manager at strateline manufacturing much select between twoshipping alternatives: two day freight and five-day freight. Using five day freight would cost $135 less than using two day frieght.