Economics

If demand is given by Q = Ap-b where A and b are positive constants, the absolute value of price ...

If demand is given by Q = Ap-b where A and b are positive constants, the absolute value of price ...

If demand is given by Q = Ap-b where A and b are positive constants, the absolute value of price elasticity of demand
A) = b.
B) = A.
C) = A/b.
D) depends on the price.

[img width=350 height=67]https://biology-forums.co

MrsAngelD   216   3 Replies

SaHiN22

George was hired at a wage of $20 an hour by a company that sells hamburgers for $2 each. George ...

George was hired at a wage of $20 an hour by a company that sells hamburgers for $2 each. George ...

George was hired at a wage of $20 an hour by a company that sells hamburgers for $2 each. George must have an hourly marginal product that is at least
A) 40 hamburgers.
B) 20 hamburgers.
C) 60 hamburgers.
D) 30 hamburgers.
E)

Phydeaux   384   2 Replies

Anonymous

Paramount Global's Securities listed on LSE and NYSE stock exchanges.

Paramount Global's Securities listed on LSE and NYSE stock exchanges.

Can there be business benefits if Paramount Global's securities are listed on NYSE and LSE similar to NASDAQ stock exchange?

Prashant S Akerkar

prashantakerkar   149   1 Reply

bio_man

Listing of Securities for British Broadcasting company on LSE stock exchange.

Listing of Securities for British Broadcasting company on LSE stock exchange.

Do you feel there could be business benefits for British broadcasting company (BBC)  to go public i.e listing stocks with an initial public offering on LSE, NASDAQ & NYSE stock exchanges?

prashantakerkar   123   1 Reply

bio_man

Consider the following total cost schedule for a perfectly competitive firm producing ball-point ...

Consider the following total cost schedule for a perfectly competitive firm producing ball-point ...

[html]Consider the following total cost schedule for a perfectly competitive firm producing ball-point pens.

hardy7luver   246   3 Replies

clarkh7839

Which of the following factors will favor paying compensation by time rather than by output?

Which of the following factors will favor paying compensation by time rather than by output?

Which of the following factors will favor paying compensation by time rather than by output?
A) Output is easily measured and monitored.
B) The production of output requires the cooperation of many workers across the firm.
C) The indus

SebKom   190   3 Replies

MattV

Consider the following demand and supply curves in factor markets.FIGURE 13-4Refer to Figure 13-4. ...

Consider the following demand and supply curves in factor markets.FIGURE 13-4Refer to Figure 13-4. ...

[html]Consider the following demand and supply curves in factor markets.

killerbear900   122   2 Replies

Anonymous

In an economy there are three firms. Apple Farms Inc. sells 100 apples at $1/apple to Pie ...

In an economy there are three firms. Apple Farms Inc. sells 100 apples at $1/apple to Pie ...

[html]In an economy there are three firms. Apple Farms Inc. sells 100 apples at $1/apple to Pie Corporation. Pie Corporation uses those apples to make 50 apple pies. It sells 25 pies at $5/pie directly to consumers. It also sells 25 pies at $5/pie to

snowga   222   3 Replies

schmience

Consider the following demand and supply schedules for some agricultural commodity.PriceQuantity ...

Consider the following demand and supply schedules for some agricultural commodity.PriceQuantity ...

[html]Consider the following demand and supply schedules for some agricultural commodity.

texasmade2550   254   3 Replies

teamroket

For a legislated minimum wage to be binding in a competitive labour market, it must be set

For a legislated minimum wage to be binding in a competitive labour market, it must be set

[html]For a legislated minimum wage to be binding in a competitive labour market, it must be set

▸ equal to the free-market wage.

▸ above the free-market wage.

▸ such that no worker can earn more than the established minimum wage.

▸ below the fre

whitedreamerz   179   3 Replies

Ranim_Saleem

A parallel shift in the consumer's budget line must indicate a change in

A parallel shift in the consumer's budget line must indicate a change in

A parallel shift in the consumer's budget line must indicate a change in

▸ real income.

▸ money income.

▸ tastes.

▸ at least one money price.

▸ both prices.

Melly767   170   3 Replies

lewmyr

If C = 1,200 + .8Y and I = 600, then planned saving equals planned investment at aggregate output le

If C = 1,200 + .8Y and I = 600, then planned saving equals planned investment at aggregate output le

If C = 1,200 + .8Y and I = 600, then planned saving equals planned investment at aggregate output level of:
A) 9,000.
B) 6,800.
C) 7,200
D) 10,200.

NYC   326   4 Replies

Jesslyn

At a price of 4.99 per bottle the same amount of money was spent on a particular brand of wine as ...

At a price of 4.99 per bottle the same amount of money was spent on a particular brand of wine as ...

[html]At a price of £4.99 per bottle the same amount of money was spent on a particular brand of wine as when the price was

Izzydhindsa   201   3 Replies

Dogggg

In a perfectly competitive economy, workers are well-informed and firms can monitor workers. Suppose ...

In a perfectly competitive economy, workers are well-informed and firms can monitor workers. Suppose ...

In a perfectly competitive economy, workers are well-informed and firms can monitor workers. Suppose the government then passes a "Worker Privacy Act" that makes it very expensive to monitor workers. Which of the following is most likely to

12

Peregrinus   1854   24 Replies

Anonymous

The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 201

The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 201

The base year is 2011. A country only produces Blu-ray players. The price of a Blu-ray player in 2011 was $100. The price of a Blu-ray player was $90 in 2012. The quantity of Blu-ray players produced in 2011 was 10,000 units and in 2012 was 10,500 un

Loraine   423   3 Replies

Anonymous

Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books

Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books

Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational supplies: $1,000. Further, during the term, you can only work part-time and earn $8,000 instead of your full-time salary of $20,

Tidy   1531   4 Replies

Dropx

Sandy's uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity ...

Sandy's uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity ...

Sandy's uncompensated demand for candy is given by the equation Q = 15/p, where Q is the quantity of candy and p is the price. When the price of candy rises from $1 to $3, the change in consumer surplus is
A) $16.5.
B) -$20.
C) -$

MrGrimey   1449   11 Replies

unExpected

A good salesperson can sell $1,000,000 worth of goods, while a poor one can sell only $100,000 worth ...

A good salesperson can sell $1,000,000 worth of goods, while a poor one can sell only $100,000 worth ...

A good salesperson can sell $1,000,000 worth of goods, while a poor one can sell only $100,000 worth of goods. Job applicants know if they are good or bad, but the firm does not. A firm will offer job applicants a choice between a fixed salary or a 2

Llanis   273   3 Replies

Chronos

Assume that P1=$3.00, P2=$4.50, P3=$6.00, P4=$12.50, P5=$18.50, Q1=90, Q2=160, and Q3=285. At a mini

Assume that P1=$3.00, P2=$4.50, P3=$6.00, P4=$12.50, P5=$18.50, Q1=90, Q2=160, and Q3=285. At a mini

Assume that P1=$3.00, P2=$4.50, P3=$6.00, P4=$12.50, P5=$18.50, Q1=90, Q2=160, and Q3=285. At
a minimum wage of $12.50, what amount of consumer surplus is transferred to producers? What is
the deadweight loss? At this minimum wage, there is

economic   149   1 Reply

bio_man

Recall that prior to the 19th century, incomes per capita were probably somewhere close to $500. ...

Recall that prior to the 19th century, incomes per capita were probably somewhere close to $500. ...

[html]Recall that prior to the 19th century, incomes per capita were probably somewhere close to $500. Imagine that it is the year 0 C.E. If incomes per capita had been $500 back then, and there had been sustained growth of just 0.3% per year since t

rbowen87   313   2 Replies

Anonymous

Suppose a country imports televisions. The country's supply and demand curves are shown in the ...

Suppose a country imports televisions. The country's supply and demand curves are shown in the ...

Another question I am so stuck on to do. I really dislike graphing

Suppose a country imports televisions. The country's supply and
demand curves are shown in the accompanying graph, along with the
initial world price of

s.h_math   841   9 Replies

Estella

Suppose two firms, Allstom from France, and Bombardier from Canada, are bidding on a contract to ...

Suppose two firms, Allstom from France, and Bombardier from Canada, are bidding on a contract to ...

[html]Suppose two firms, Allstom from France, and Bombardier from Canada, are bidding on a contract to replace train cars for the subway system in Mexico City. If they bid the same amount, they share the contract-

primewire   576   4 Replies

Anonymous

The figure below shows an individual firm in a perfectly competitive industry in which all firms ...

The figure below shows an individual firm in a perfectly competitive industry in which all firms ...

[html]The figure below shows an individual firm in a perfectly competitive industry in which all firms have joined together to form a cartel. This firm has agreed to restrict its output to 600 units per day and ra

apple321   358   2 Replies

Anonymous

The price elasticity of demand is measured as the percentage change in price divided by the ...

The price elasticity of demand is measured as the percentage change in price divided by the ...

The price elasticity of demand is measured as the percentage change in price divided by the percentage change in quantity demanded.

hiusy98   311   4 Replies

sofresh

FIGURE 6-2Refer to Figure 6-2. Suppose the price of X is $2, the price of Y is $1, the consumer's ...

FIGURE 6-2Refer to Figure 6-2. Suppose the price of X is $2, the price of Y is $1, the consumer's ...

[html]

Bapelol   242   3 Replies

Chrystatee

It is not uncommon for business professors to make a statement such as the following: "While economi

It is not uncommon for business professors to make a statement such as the following: "While economi

It is not uncommon for business professors to make a statement such as the following: "While economists are happy in their never-never land of economic theory, we business professors seriously study facts of the real world." According to yo

Sublight2097   881   8 Replies

bio_man

Suppose that government decides to create a license for widget makers. Only licensed widget makers ...

Suppose that government decides to create a license for widget makers. Only licensed widget makers ...

Suppose that government decides to create a license for widget makers. Only licensed widget makers are allowed to produce widgets. Moreover, only half of the current widget producers are eligible to obtain the license. What will happen with the suppl

Havakajs   299   2 Replies

Anonymous

Fill in the blank

Fill in the blank

Fill in the blank. Economics is the study of __ and its __

kk.baker16   171   1 Reply

bio_man

Introduction to Business ICT

Introduction to Business ICT

The _________ describes the systematic analysis of a firm's success in using funds that it has earmarked for its social responsibility goals.
Question 1 options:

charitable giving summary

social audit

social

MarkyTheBully   188   1 Reply

bio_man

The above figure shows the market demand curve for telecommunication while driving one's car (time ...

The above figure shows the market demand curve for telecommunication while driving one's car (time ...

The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). The current p

MrGrimey   281   2 Replies

Anonymous

Which of the following is not a cost posed by inflation?

Which of the following is not a cost posed by inflation?

Which of the following is not a cost posed by inflation?
A) Inflation reduces the affordability of goods and services to the average consumer.
B) The money that consumers and firms hold loses its purchasing power.
C) Firms must pay for

Tidy   718   4 Replies

Chimelo46

A farmer lives on a flat plain next to a river. In addition to the farm, which is worth $F, the ...

A farmer lives on a flat plain next to a river. In addition to the farm, which is worth $F, the ...

A farmer lives on a flat plain next to a river.  In addition to the farm, which is worth $F, the farmer owns financial assets worth $A.  The river bursts its banks and floods the plain with probability P, destroying the farm.  If the f

corie   245   2 Replies

Anonymous

Since last year, the price of gold has risen from $1100 to $1420. What annual inflation rate would ...

Since last year, the price of gold has risen from $1100 to $1420. What annual inflation rate would ...

Since last year, the price of gold has risen from $1100 to $1420.  What annual inflation rate would leave the real price of gold unchanged over the last twelve months?
A) Approximately 29%
B) 40%
C) Approximately 71%
D) 320%

Satsume   331   3 Replies

Bart_arg

The above figure shows the market demand curve for telecommunication while driving one's car (time ...

The above figure shows the market demand curve for telecommunication while driving one's car (time ...

The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). The current price is 35¢ per minute. If the price were to increase by ten cents per minute, consumer surplus would
A

MrsAngelD   302   2 Replies

Anonymous

Suppose you are advising the government on changes in the gasoline market. The current price is ...

Suppose you are advising the government on changes in the gasoline market. The current price is ...

[html]Suppose you are advising the government on changes in the gasoline market. The current price is $1.00 per litre and the quantity demanded is 2.5 million litres per day. Short-run price elasticity of demand is constant at 0.3. If the supply of g

farendrn   250   2 Replies

Anonymous

Data shows that United States college students purchase more e-books than German college students. ...

Data shows that United States college students purchase more e-books than German college students. ...

Data shows that United States college students purchase more e-books than German college students. Assuming that all students have identical preferences for e-books and textbooks, what is the likely explanation for this result?
A) Taxes on textbooks

jkaur2017   330   3 Replies

Ceren Celik

Which if the following is a key difference between profit-oriented institutions (such as small ...

Which if the following is a key difference between profit-oriented institutions (such as small ...

Which if the following is a key difference between profit-oriented institutions (such as small businesses) and non-profit institutions

tbryant   381   3 Replies

Cdfields

To economize means to (Multiple Choice Question)

To economize means to (Multiple Choice Question)

To economize means to
A) allocate available resources in a way that yields the most value to the economizer.
B) behave in a selfish rather than generous manner.
C) conserve as much as possible for future use.
D) put economic theor

Sublight2097   577   5 Replies

IloveChi

A price-making business must follow the one-price rule and faces the following demand schedule: at ...

A price-making business must follow the one-price rule and faces the following demand schedule: at ...

A price-making business must follow the one-price rule and faces the following demand schedule: at prices of $7, $6, $5, $4, and $3, quantity demanded is 300, 400, 500, 600, and 700 units respectively. If the business's marginal cost is constant

Tragamin   1979   8 Replies

Anonymous

Suppose the real exchange rate between U.S. goods and European goods is 0.8. Acc

Suppose the real exchange rate between U.S. goods and European goods is 0.8. Acc

help

hscbio   475   1 Reply

bolbol