End of Chapter 6.8 Acc On most days, the price of a rose is $1, and 8,000 roses are purchased. On Valentine's Day, the price of a rose jumps to $2, and 30,000 roses are purchased The effect of Valentine's Day is to change the market demand for roses. In particular, the demand curve shifts to the right Based on this information, we do not know much about the price elasticity of demand for roses because the demand curve was not constant. However, we do have constant supply. The price elasticity of supply is 1.74. (Enter your response rounded to two decimal places.)

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How do you figure out opertunity cost?

Mark is currently earning $44,000 a year. He has worked for this firm for 5 years. He is considering a job that will increase his lifetime earnings by $240,000 but that requires a Ph.D. in finance. The job will mean also attending a full-time finance program for four years at an annual cost of $28,500. Mark already completed an MBA, for which he spent $86,000 in tuition and books. Would he take the job and attend the Ph.D. program? Calculate:   Insutructions: Use ono decimals. Use commas (30,000, not 30000). Opportunity costs of this decision = $ MC = $ MB = $ Sunk Costs = $

which quote best represents a person performing a cost-benfit analysis?

Total revenue is $4400 and output is 220 Find the value of average revenue

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