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Tag: elasticity

What type of Elasticity of Demand does auto parts in the United States have? Is it Elastic, Inelastic, Unitary Elastic, Perfectly Elastic, or Perfectly Inelastic?

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cover the following 600-800 words Discuss different types of Elasticity of Demand What type of Elasticity of Demand does auto parts in the United States have? Is it Elastic, Inelastic, Unitary Elastic, Perfectly Elastic, or Perfectly Inelastic? Discuss and give evidence of your finding. If AutoEdge decided to increase its prices and return to the […]

What was the price elasticity of demand at the point on the curve where Dixie was selling?

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Economics On Friday, Dixie set up a lemonade stand and determined that if she reduced the price for a glass of lemonade by 4%, she sold 12% more glasses of lemonade. Answer the following questions: (a) What was the price elasticity of demand for lemonade on Friday? (b) Should Dixie raise or lower her price […]

Explain what you learned, and apply it to something current in the microeconomic climate that you believe is important.

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Topic: Understanding Elasticity Watch videos on the following Khan Academy Page: https://www.khanacademy.org/economics-finance-domain/microeconomics/elasticity-tutorial (Links to an external site.) Then, identify two areas that you feel the site and videos helped you understand more thoroughly. In a two-page paper APA formatted paper, explain what you learned, and apply it to something current in the microeconomic climate that […]

Define marginal cost and marginal revenue, and understand how to use them for decision-making.

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Chapter 4: Define marginal cost and marginal revenue, and understand how to use them for decision-making. Define fixed cost and recognize its irrelevance to decision-making. Chapter 5: Understand discounting & compounding. Know how to calculate and use net present value to determine the profitability or otherwise of investments. Define and calculate break-even quantity and price, […]

Explain how the article relates to at least one of the learning objectives and explain why the information in the article matters in the context of business decision making.

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Description Instructions For your initial post, identify and summarize a current event article that is relevant to the weekly learning objectives and assigned readings (this week’s topic is “elasticity”). Be sure to use reputable scholarly or journalistic sources such as The New York Times, Wall Street Journal, Washington Post, The Economist, , etc. Explain how […]

What is the pricing strategy?Discuss

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For this third part, you should develop a proposal for the pricing strategy and the place strategy for the client. Remember to not only include what it is, but also your recommendations.  Some of the topics you should analyze/describe are to include, but are not limited to: Pricing strategy (What is the pricing strategy?) Effect of price […]

Referring to the specimen drawing in data sheet, (a) where would the maximum stresses be at the hole? (b)what is the direction of the maximum stresses?

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Complete the section of specimen dimensions. Carry out calculation and complete section I of data sheet. Plot Figure 1: A curve of stress vs. strain using the calculated data in Section I of data sheet. Determine the average modulus of elasticity for the rubber specimen based on the curve in Figure 1. The average modulus […]

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