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    Demand & Supply

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    Impact on revenues

    What would be the impact on revenues generated from sales of a. consumer line desktops and b. high profile enterprise level desktops if the firm raised the price of the product? What if the firm lowered the price?

    Price elasticity of demand

    Is the price elasticity of demand for desktops (comsumer line & high profile sommercial line) price elastic or price inelastic?

    Elastic Demand and Price rise.

    There are six condition given. Assuming only PRICE changes. 1. Elastic demand and Price rises. 2. Inelastic demand and Price rises. 3. Elastic demand and Price falls. 4. Inelastic demand and Price falls. 5. Unit elastic demand and Price rises. 6. Unit elastic demand and Price falls. Which three should work for those

    Income Elasticity

    Assuming there are three determinants for demand of good X. There are price of good X and Y and money income. How to find out and calculate 1.INCOME ELASTICITY 2.CROSS-PRICE ELASTICITY 3.OWN PRICE ELASTICITY. Make sure have to Indicate which determinants of demand are variable and which are fixed.

    Intersects & Demand Graphs

    Please explain step-by-step how to do these. thanks! 6) In the above diagrams assume the following: MC intersects AVC @ P= $8, Q=40 and MC intersects ATC @ P= $12, Q = 50. (Min MC =$ 4). In the market demand schedule on the right, at a price of $16, the quantity demanded = 6000, and at a price of $12 the quantity demanded r

    Problem concerning maximizing net revenues

    The rule for maximizing net revenue (total revenue minus total cost) is: Take any action if, but only if, the expected marginal revenue exceeds the expected marginal cost. What is marginal revenue? How is it related to demand? You can test your grasp of this key concept by examining the case of Maureen Supplize, who runs a yacht

    Change in demand curve

    How would the demand curve for a farmer shift if the government offered all wheat farmers a subsidy of $1.50 per bushel and what would the curve look like if the government imposed a tax on wheat requiring farmers to remit $1.00 for every bushel they sell?

    The MacWend Drive-In

    2. The MacWend Drive-In has determined that demand for hamburgers is given by the following equation: Q = 205.2 + 23.0A - 200.0PM + 100.0PC + 0.5I (1.85) (2.64) (-5.61) (2.02) (4.25) where Q is the number of hamburgers sold per month (in 1,000s), A is the advertising expenditures during the prev

    Question

    How does a surplus or a shortage affect the market price?

    Rule of Maximization

    #1 Earlier we noted that the rule for maximization set forth in the text contradicts some well honored traditional principles such as " Never give up", "Anything worth doing is worth doing well," or "Waste not. want not." Explain the contradiction for each of these rules #2 Many candidates for political office, particularly

    Demand Curve Properties

    A straight-line demand curve has which of the following properties? A) Constant slope and varying price elasticity. B) Constant income elasticity with varying slope. C) Varying slope and varying supply elasticity. D) Constant slope and constant price elasticity. E) None of the above may be asserted in general.

    A consumer spends all of her income on two goods, coffee and doughnuts. She purchases coffee at 25 cents a unit with a total utility of 800 and a marginal utility of 12. Doughnuts are purchase at 75 cents a unit with a total utility of 200 and a marginal utility of 24. In order to reach consumer equilibrium, she should consume:

    53. A consumer spends all of her income on two goods, coffee and doughnuts. She purchases coffee at 25 cents a unit with a total utility of 800 and a marginal utility of 12. Doughnuts are purchase at 75 cents a unit with a total utility of 200 and a marginal utility of 24. In order to reach consumer equilibrium, she should co

    Demand Curve Commodity Definition

    47. The following is a complete and correct definition of the demand curve for commodity X. The demand curve shows, for a given market: A) how much of X would be bought at the equilibrium price. B) how, as people's incomes rise and they have more money to spend, their purchases of X would increase. C) how the amount of

    Supply & Demand Curve

    40. Given the supply and demand curves shown in the figure below, the effect of a $1 subsidy to suppliers would be that: A) price would fall by $1. B) price would not change. C) price would fall by less than $1. D) price would fall by more than $1. E) none of the above.

    Apply demand, supply and competitive equilibrium analysis

    1. "If price rises then demand decreases. But if demand decreases, then equilibrium price will fall. Therefore, one cannot say with certainty what the net effect of an intitial decrease in price will be." Is this statement correct? Are all the terms used correctly in this statement? Let me know your thoughts. How would you des

    question of Price Discrimination

    An online retailer mails out catalogs. You might browse through one and decide to order. You call a toll free number and place your order and it will arrive in several days by post or UPS. However, what you probably don't know (since you only live at one post office address) is that the merchant sends out multiple catalogs at th

    Detailed Explanation to Equilibrium Price

    If the demand curve shifts out what happens to the equilibrium price and quantity? If the supply curve shifts to the left, what happens to the equilibrium price and quantity? What is required for price to not be set by the equilibrium price?

    Supply and demand

    Dear OTA, Describe what happens to a market when Supply and Demand are not in equilibrium. List two examples when you observed the "disequilibria" of supply and demand in a market, and what caused the market to come to equilibrium, if indeed it did.

    Reserve Ratio and Money Supply

    Assuming a 15% reserve ratio, an increase in deposits of $300,000 could eventually result in: A) a $2 million increase in the money supply. B) a $345,000 increase in the money supply. C) a $45,000 increase in the money supply. D) a $1.5 million increase in the money supply. E) there would be no change in the mon

    Equilibrium prices in the United States

    1. The United States represents a small part of the world orange market. a. Draw a diagram depicting the equilibrium in the U.S. orange market without international trade. Identify the equilibrium price, equilibrium quantity, consumer surplus, and producer surplus. b. Suppose that the world orange price is below the U.S.

    Determine how to reach equilibrium

    Market Equilibrium (example question) The following relationships describe monthly demand and supply conditions in the metropolitan area for recyclable aluminum: QD = 317,500 - 10,000P (Demand) QS = 2,500 + 7,500P (Supply) Where Q is quantity measured in pounds of aluminum scrap metal, and P is the price in cents

    European and Chinese Economic History

    Why does landes use ecological factors to provide an overall explanation for the contrasts in the development of the european versus the chinese economy?

    Use economic tools to critique and explain.

    One of the more pressing issues of world population concerns those numbers not being much of a viable labor force today, for 2010 and beyond. If that is the case, the demand for labor is really segmented into (1) healthy individuals with market skills versus (2) the rest of the population. Explain this concept/idea.