A phone company operates two markets. In market one, research suggest that the price elasticity is -0.4 and on the other market -1.4. The company has decided to revise prices upward on both markets by 10% this year. Comment on the decision. What alternative pricing strategy would you suggest?

Q: Compare International Law with National Law. Find three differences

A: a set of norms that a country or society acknowledges as governing its citizens' activities and that…

Q: Machine X has an initial cost of P 45,000, annual maintenance of P 2,250 per year, an no salvage…

A: Given  Initial cost of machine Y (FC) = 90,000 In the first year, zero maintenance cost In the…

Q: What is the overall outcome for this game? Group of answer choices (Don't Enter, Price War) (Don't…

A: Using backward induction, we will solve this decision tree game. In backward induction we move from…

Q: Suppose w = 5 and the government gives Anne a subsidy of $150. She receives this money…

A: A kink is a point where the linearity of the budget line or any other line breaks.

Q: List important international trade agreements.

A: When talking about international trade, there are various major agreement made by developed,…

Q: COUNTRY COFFEE Jamaica 10 United States of America 50 20 A. Which country has the absolute advantage…

A: Opportunity cost refers to the advantage that would have been obtained if the next best action had…

Q: . Mention at least 3 areas (branches) of International Law and 3 areas (branches) of National Law.…

A: Introduction International law also stated as public international law. National and international…

Q: A project capitalized for P5,000,000 is expected to earn a uniform annual revenue of P1,000,000 in…

A: First Cost = P5,000,000  Annual revenue = P1,000,000 Annual O&M cost = P100,000  Annual…

Q: An externality is Select one: a. a market equilibrium tax. b. the costs that parties incur in the…

A: Externality is one the examples of market failure.

Q: D. The marginal cost curve is always increasing due to the law of diminishing marginal returns. E.…

A: Statement D is true.

Q: Consider the following Purchasing Power Parity (PPP) conversion rate for selected countrie in 2021.…

A: According to PPP conversion table, One USD is equal to 4738.64 Indonesia currency i.e., 1 USD =…

Q: 1. The monthly rent for Theeben's apartment is $625. His landlord tells him that next year, the…

A: a. Theeben's new monthly rent using method 1. = $625+(625*6%)=$625+37.5=$662.5

Q: A Company manufactures and sells one product. The product has the following cost and revenue data:…

A: Beak even point is the point where firm earn normal profit which means no profit and no loss. as we…

Q: Which of the following is NOT a component of the Multidimensional Poverty Index? Whether or not the…

A: To provide a more detailed examination of the amount of poverty and hardship, multidimensional…

Q: National Powers ? Which power best completes this diagram? A. Create courts B. Declare war C.…

A: The ability of businesses, countries, or individuals to improve their standard of living in the…

Q: Describe the difficulties that can arise in implementing fiscal policy.??

A: Fiscal policy is basically known to be as the Policy where the government actually used three…

Q: A new machine costs $899,090 and falls in a 29.50% CCA class.  The machine will have zero value…

A: Equivalent annual cost or EAC is defined as the annual cost of owning, operations and maintenance of…

Q: Question 22(Multiple Choice Worth 1 points) (05.03 MC) Assume that an economy is characterized by…

A: Answer: It is given that the economy is characterized by the efficient use of its human resources.…

Q: In economics, "the long-run" is referred to as a period in which the amounts of capital are…

A: In economics, period (time) is generally divided into 2 parts i.e. short-run period and long-run…

Q: the following supply/demand diagram of the labor market and please fill in all of the blanks below.…

A: Equilibrium in the labor market occurs at the intersection point of labor demand and labor supply…

Q: Suppose that the output Q (in units) of a certain company is Q = 75K¹/32/3, where K is the capital…

A: Q=75K13L23

Q: How much money should you be willing to pay now for a guaranteed 6,000 pesos per year for 9 years…

A: Given Details: A(Guaranteed amount per year) = 6,000 pesos i (rate of return) = 16% n (Time period)…

Q: To our administration, what would be the best to adopt in terms of public safety micro management or…

A: Micro-Macro Paradox states that "Micro" assumes that "Macro" variables are constant and "Macro"…

Q: a. Profit is maximized at a price of $ b. The profit-maximizing level of output is__ c. At the…

A: A monopoly firm maximizes its profit where marginal revenue is equal to the marginal cost. The firm…

Q: Starbucks and Krispy Kreme are trying to decide whether or not to open a shop in the new Mall of…

A: The Nash equilibrium is a game theory decision-making theorem that claims that a player can attain…

Q: 13. Suppose the economy is in a long-run equilibrium. a. Use the AD-AS model to graphically depict…

A: Dear student, you have asked multiple sub-part questions in a single post.In such a case, as per the…

Q: 1.Diminishing Returns to Capital and Real Wages. Explain why this statement is wrong: "Since capital…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Machine X has an initial cost of P 45,000, annual maintenance of P 2,250 per year, an no salvage…

A: Given; For machine X:-  Initial cost= P45000 Annual maintenance cost= P2250 Interest rate; r= 8%…

Q: Why would the establishment of protective trade barriers be a poor way of protecting workers in…

A: Homegrown or Domestic industry implies the homegrown makers overall of a homegrown like item or…

Q: How any coffee shop could be CSR?

A: Corporate social responsibility (CSR) refers to a kind of worldwide private corporate…

Q: A computerized wood lathe, costing P25,000, will be used to make ornamental parts for sale. Receipts…

A: Given initial cost = 25000 P Reciepts each year = 60000 P Costs = 55000 P Salvage value = 9000 Time…

Q: Monetary base or high powered money refers to A. currency and checkable deposits issued by the…

A: Central Bank refers to the primary or apex institution in the banking structure of the economy. It…

Q: Paragraph 1:what extent does Globalization create Sustainable Prosperity for all? Paragraph 2…

A: Globalization is aided by cross-border commerce in products and services, technology breakthroughs,…

Q: A project capitalized for ₱45,000 invested in depreciable assets will earn a uniform, annual income…

A:

Q: The pressures on the foreign exchange market are such that they cause the British pound to…

A: Depreciation of Currency: The depreciation of currency means a fall in the purchasing power of…

Q: The market for used phones is perfectly competitive. The Marginal Willingness to pay (MWTP) and the…

A: Buyer MWTP Seller MC Consumer surplus Producer surplus C 222 W 228 - 6 A 346 V 428 82 - E 394…

Q: 10.Consider a price-taking firm that has total fixed cost of $50 and faces a market- determined…

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: Total stockholders' equity $1.236.500 What was the total paid-in capital (Contributed Capital) as of…

A: Paid-in capital refers to the total amount invested in a company by the equity shareholders by…

Q: t capitalized for ₱44,000 invested in depreciable assets will earn a uniform, annual income of…

A: Capitalized Cost 44000   Annual Income 22456   Annual Cost 8000   Tax and insurance 3% 1320…

Q: Categorize each of the following five goods as a Private Good, Common Good, Club Good, or Public…

A: Private goods are items that belong to an individual or a group and cannot be used by anyone else…

Q: Economics how can economics solve societal problems?

A: Economics is considered as a part or branch of social studies as it explains the interaction between…

Q: It is common knowledge that some agricultural policies are about price control, while others are…

A: a) Here is the graph showing the equilibrium of given quantity and price.

Q: Transformers for underground works were planned to be provided. Type A has an initial cost of…

A: Type A Type B Initial Cost 70000 95000 AnnuaL Cost 9000 7000 Salvage Value 5000 10000 life…

Q: Selim has no income in period 1 (consumption now) and an income of 1800₺ in period 2 (consumption…

A: here we calculate the maximum amount the Salim can borrow in period 1 by the following method as…

Q: case stud PC World is a major retailer of computers and related equipment in the United Kingdom,…

A: A complementary good refers to those which use is linked to the use of another like or matching…

Q: The price elasticity of demand for lychee fruit is 1.3, while the price elasticity of supply is 0.7.…

A: Here, price elasticity of demand is given as 1.3 and price elasticity of supply is given as 0.7.…

Q: Dwight is selling baskets of beets. If the profit in selling a baskets is P(x) = 200x² 3 200x + 400…

A: A profit function is a mathematical formula that relates a company's total profit to its output. It…

Q: 10 9 6 4 3 SB D 0 5678 9 10 The graph above shows a market with an externality. Refer to the graph…

A: Government can deter negative externalities by burdening labor and products that create overflow…

Q: Company Market Share Toshiba 10% Dell 10% HP 15% Sony 10% Refer to the table above, which details…

A: "The Herfindahl-Hirschman Index or HHI is used to measure the market concentration and to determine…

Q: It is common knowledge that some ✩ agricultural policies are about price control, while others are…

A: d) Consequence of the agricultural policy It evaluates the consequences of specific policy kinds, as…