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Why is an inelastic demand curve "insensitive"? Provide an example of a good or service that fits the description.
Business Economics, Economics
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Discuss how organizations can use their "private power for public good"?
You are a division manager at BMW. You estimate the semiannual demand for model X3 is: Q=150,000-1.5P What price should you charge in order to maximize the revenues from sales of model X3? Explain.
According to the center for Disease Control, the mean total cholesterol for men between the ages of 20-29 is 180 milligrams per deciliter with a standard deviation of 36.2. A healthy total cholesterol level is less than ...
A club consists of 10 seniors, 12 juniors, and 15 sophomores. An organizing committee of size 5 is chosen randomly (with all subsets of size 5 likely). Find the probability that the committee has at least one representat ...
If all countries eliminated all barriers to immigration, would global economic growth increase? Why or why not?
A $1000 utility bond with 14 years remaining before maturity can now be purchased for $760. It pays interest of $20 each 6-month period. What rate of return is earned by purchasing the bond at the current market price pl ...
A small factory produces two types of toys: trucks and bicycles. In the manufacturing process two machines are used: the piece maker and the assembler. It takes 2 hours to make the pieces of the bicycles and 1 hour for t ...
The police lieutenant in charge of the traffic division reviews the number of traffic citations issued by each of the police officers in his division. He finds that the mean number of citations written by each officer is ...
C = 40+0.5×(Y - T) G=$215 billion, IP=$50 billion and T=$10 billion. Y=C+IP+G What is the equilibrium income level? Suppose that government purchases are reduced by $100 billion. What is the new equilibrium level of inco ...
What is the market price of a bond if the face value is $1,000 and the yield to maturity is 6.2 percent? The bond has a 5.75 percent coupon rate and matures in 12.0 years. The bond pays interest semiannually.
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