its popular Mmmm Sundae from $2.25 to $1.75. As a result‚ the firm’s daily sales of these sundaes have increased from 1‚500/day to 1‚800/day. Compute the arc price elasticity of demand over this price and consumption quantity range. Ey = ((1800 – 1500) / ((1800 + 1500) / 2)) ((1.75 – 2.25) / ((1.75 + 2.25) / 2)) Ey = 300 ($4.00) -$0.50 (300) Ey = -8% 4. The subway fare in your town has just been increased from a current level of 50 cents to $1.00 per ride. As a result‚ the
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Question 1.1. (TCO 1) Which one of the following Windows NET commands options is not used to control services with the NET ????? ServiceName? (Points : 4) STOP START CONTINUE PAUSE DELETE Question 2.2. (TCO 1) The netsh command that will set the IP Address of the interface name "NIC" to 192.168.100.10 255.255.255.0 with a metric of 1 is _____. (Points : 4) netsh interface set ip address "NIC" source=static 192.168.100.10 255.255.255
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afternoon at the art gallery‚ paying $5 for her bus fares and $11 for food and drinks rather than spending an equal amount of money to go to a movie and have a similar meal at a similar price. The opportunity cost of going to the art gallery a. b. c. d. e. is less than the opportunity cost of going to the movies. equals $5 because she would have had a meal anyway. is the money she spent. is the movie she didn’t see.* is zero‚ if there is no fee to enter the art gallery. The following table
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Issues PATRICK MASSEY* Competition Authority Abstract: Market definition plays a key role in competition analysis and has often proved controversial. However‚ it is merely a means to an end‚ the real issue being to establish whether or not firms have significant market power‚ i.e. the power to increase prices. This objective is rather different to the traditional neo-classical economic view of a market. The introduction of the SSNIP test in the US Department of Justice 1982 Merger Guidelines resulted
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nonrefundable tuition of $3‚000 to take a 15-week course. Therefore‚ the opportunity cost of attending class each week is $3‚000 divided by 15‚ or $200. c. You have purchased 5 premium apples for $1.99 a pound‚ but when you get home‚ you discover they are mushy. Since you paid top dollar for these apples‚ you decide you have to eat them. 2. Briefly explain why the following statements are either TRUE or FALSE: a. Even though school dormitory rooms are rationed by lottery‚ these
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It is hard to find anyone in Bangladesh who does not have any memory of a river. Someone may have a lot of memories of swimming in a river while someone else may have memories of journey by boat or launch on rivers. On the other hand‚ many of us also experience the cruel face of rivers during flood. But‚ memory of river is a common characteristic of the people of Bangladesh‚ a country crisscrossed by rivers. Actually‚ the rivers of Bangladesh mark both the psychology of the nation and the life
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Demand‚ Supply and Market Equilibrium Every market has a demand side and a supply side and where these two forces are in balance it is said that the markets are at equilibrium. The Demand Schedule: The Demand side can be represented by law of downward sloping demand curve. When the price of commodity is raised (ad other things held constant)‚ buyers tend to buy less of the commodity. Similarly when the price is lowered‚ other things being constant‚ quantity demanded increases. The above
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SPEs were not reported on the financial statements. In this way‚ the debts were hidden from the stakeholders. Also‚ the borrowed funds were treated as income. From the perspective of the potential stakeholders‚ Enron seemed to have low debts and high level of income‚ which was further overprice the shares of the company. Andrew Fastow had personal financial stake in these SPE (in the form of silent partners). He used these SPE to raise funds. In this way‚ he would make millions of dollars by defrauding
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Pilots keep a close watch at this attitude indicator because they know it helps to determine the altitude of the plane. If they wish to change the altitude‚ they must adjust the attitude. With this very example I am here to articulate my views on the topic ‘your attitude and not your aptitude decide your altitude.’ Attitude is a little thing that can make a big difference – not only in our life but also in the lives of others around us. Our attitude‚ whether in sports‚ studies‚ business‚ relationships
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Article Review- What is the right supply chain for your product? by Marshall L. Fisher What is the right supply chain for your product ? is the question asked by Marshall L. Fisher in his article titled‚ “What is the Right Supply Chain for Your Product ?” published in March-April 1997 issue of the Harvard Business Review. Author raises the question stating the fact that new ideas and technology implemented haven’t lead to improved performance. Performance has not become better but rather in
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