The correct answer for the question that is being presented above is this one: "<span> iv). Q1 =40.5, Q2 =25.5, P=70."
The correct answer for the question that is being presented above is this one: "</span><span>iii). are needed to guarantee the existence of equilibrium."
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The correct answer for the question that is being presented above is this one: "<span>ii). all risk averse decision makers will prefer lottery B to lottery A."
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The correct answer for the question that is being presented above is this one: "<span> iv). £1/(1+r)3."</span>
Answer:
a.Elasticity of demand is p = k/q (an inverse relationship between the price and quantity)
b.My answer in part (a) means that an increase in the price of the item will lead to a decrease in its demand, hence the following applies
1.All prices are critical points of the revenue function.
2.Revenue is increased by lowering the price
Answer:
The three aspects of corporate organization according to the economics of organizational architecture article are;
Decision Right Assignments
Reward System
Performance Evaluation
Answer:
Different countries have different advertising/promotional laws. Plus you have no target market if you're creating a promotional message to use for all countries. Also, assuming if your promotional message inspired, say a person in Africa, a person in Russia, a person in China, and a person in Japan bought a product from your promotion, you would have to ship to all of those countries with extreme shipping rates.
<span>The answer would be false. Alcohol and Drug abuse certainly physically affects only the user, but when it comes to mental, emotional, and financial aspects alcohol and drug abusers affect the people around them, their families, and in extension, society also. That is why alcohol and drug abuse is considered a public health issue as it affects many people apart from the user himself/herself. </span>
