12. fast please Cindy and Lou work for the phone company. Below is a table showing the installations they completed over the last 2 weeks. They do both phone installations and internet installations.| | Cindy | Lou ||------------------|-------|-----|| Internet Installations | 17 | 23 || Phone Installations | 18 | 27 |There is a sentence with dropdown options to complete it:[Dropdown] has a comparative advantage in internet installations and [Dropdown] has a comparative advantage in phone installations.The dropdown options include:- Cindy- Lou

Comparative Advantage: In the trade theory the country which has comparative advantage in producing…

Cindy and Lou work for the phone company. Below is a table showing the installations they completed over the last 2 weeks. They do both phone installations and internet installations. has a comparative advantage in internet installations and Cindy Internet Installations Phone Installations Lou Cindy 17 18 Lou 23 27 has a comparative advantage in phone

Cindy and Lou work for the phone company. Below is a table showing the installations they completed over the last 2 weeks. They do both phone installations and internet installations. has a comparative advantage in internet installations and Cindy Internet Installations Phone Installations Lou Cindy 17 18 Lou 23 27 has a comparative advantage in phone

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Nile.com, the online bookseller, wants to increase its total revenue. One strategy is to offer a 10% discount on every book it sells. Nile.com knows that its customers can be divided into two distinct groups according to their likely responses to the discount. The accompanying table shows how the two groups respond to the discount. Group A Group B(sales per week) (sales per week) Volume of sales beforethe 10% discount 1.55 million 1.50 million Volume of sales afterthe 10% discount 1.65 million 1.70 million A. Using the midpoint method, calculate the price elasticities of demand for group A and group B. B. Explain how the discount will affect total revenue from each group. C. Suppose Nile.com knows which group each customer belongs to when he or she logs on and can choose whether or not to offer the 10% discount. If Nile.com wants to increase its total revenue, should discounts be offered to group A or to group B, to neither group, or to both groups?
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If the shopper would assume that the value of the glutathione will upsurge on the upcoming days, it will result to Select one: a. Decrease in supply in the next period b. Decrease in demand in the next period c. Increase in supply in the current period d. Increase in demand in the current period
You were promoted as the manager of a new clean well sanitary store taht sells cleaning and sanitation products wholesale. You recently read in an article that there the price of vitamine to be expected to increase by 20 percent. How will this affect your stores sale of sanitation products Items selected cross price elasticity Food supplement 0.34 Medicines 0.56 Foods 0.09
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Only typed answer Suppose the price of a good increased from $3 to $4. In response, the consumer has decreased his consumption from 15 units to 10 units. The price elasticity of demand is
The price elasticity of demand is more likely to be inelastic if Othere are a lot of substitutes available. O the price of the product is a large fraction of income. Othere is a long time frame involved. O the product is a necessity.
What are some other examples of elasticity that can be affected by time?
MOER The table below shows how supply and demand Price ($/gal) Demand (million of gal.) 1 1.2 790 700 1.4 640 1.6 580 1.95 497 2.2 450 2.4 430 2.6 420 2.8 390 3 360 Note: there is some randomization in the above data to account for price fluctuations. Make sure to check that you input the correct data in your device. Perform the following work • Assume that Supply has a quadratic relationship with the price. Find this relationship (the help buttons contain an article to compute trend-lines in Excel): -21.935p² + 207.365p+339.085 Round your answer to 3 decimal places S(p) ● D(p): = 1.53 • Assume that the Demand has a quadratic relationship with the price. Find this relationship (the help button links to an article to compute trend-lines in Excel): 85.561p² - 543.789p + 1236.729 Round your answer to 3 decimal places Video Solve | Sn... of gasoliine vary depending on the price: Supply (million of gal.) 511 550 600 641 660 680 700 720 735 786 605 - • Use the trendlines to find the price…
In the market for cars, the price elasticity of supply is +1.5, and the price elasticity ofdemand is -0.8. The equilibrium price is $ 30 thousand, and quantity is 120 million.(a) Assuming supply and demand are linear, reconstruct and draw the supply and demandcurves. Label the intercepts.(b) To reduce traffic, the government imposes a $400 tax on cars. What are PB and PS after thetax? What is the new equilibrium quantity? Illustrate them on the same graph.(c) How big is the change in consumer surplus, producer surplus, government revenue, anddeadweight loss?