Discuss how should you adjust the price
Suppose your company adopts a technology that allows you to increase your output by the 15%. If the elasticity of demand is -3.0, discuss how should you adjust the price if you want to sell all of your additional output?
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Three of the banks that currently have 15% of the market would like to merge and produce the First Super Bank of Richmond. If the merger were allowed, determine the new measure of monopoly power.
Assume the market supply and demand are Qd=100 - 2p and Qs= 5 +3p. If the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit, the total cost to the government will b : A/$1650 B/$1375 C/$900 D/$1125
Suppose that Dr. Slight has $300 to spend on the goods X and Y. Dr. Slight combines X and Y using a very strict ratio to derive utility. Good X costs $5 per unit and Good Y costs $3 per unit.
Determine the cross price elasticity of apple pork and sauce chops at a pork chops price of $6? If the price of pork chops falls from $8 to $6 and this leads to an increase in demand for apple sauce from 100 to 140jars.
Determine the present worth of cash flows that begin at the $10,000 and increase at the 7% per year for 5 years? The interest rate is 9%.
Suppose that football teams keep all the "gate" and TV revenues they generate and that players are free to choose their teams at the end of any season. Do stars earn more than non stars? Discuss how are the wages of each group determined?
What is the probability the hand has 2 cards from some suit, 2 cards from another suit, 1 card from another suit, and 1 card from remaining suit
Discuss how do foreign exchange markets get the information and how important is the information when it is in time? Calculate the procedures and the practices of banks?
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