Calculate the own price elasticity
The demand for good X has been estimated by Qxd = 12 - 3Px + 4Py. Suppose that good X sells at $2 per unit and good Y sells for $1 per unit. Calculate the own price elasticity.
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Marcus and Frank form Tiger Corporation. Marcus transfers property (basis of $175,000 and fair market value of $100,000), and Frank transfers land (basis of $50,000 and fair market value of $90,000) and $10,000 in cash. Each receives 50% of Tiger
Suppose that butchers and bakers had no unions. Now suppose the butchers form a union. What does this do the labor supply of and wages of bakers?
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The cost of entering the market (regardless of which market you select) is $250,000, should you enter one of the European markets? If so, which one? If you enter, what is your expected profit?
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Based only on tax considerations, what marriage date would you recommend for the loving couple? How much would your choice saves in taxes?
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