, 23.06.2019 02:30 hgghukghj1814

# When the price of pencils increases from \$1.50 to \$2.50, there is an increase in quantity demanded of pens from 100 to 150. the cross-price elasticity of demand between pencils and pens is: ?

Which of the following accurately describes a situation in which consumers have elastic demand? a. a restaurant starts using margarine instead of butter because butter becomes more expensive. b. consumers boycott a restaurant because the waiters aren't paid minimum wage. c. a company starts using sugar instead of corn syrup because its revenues are up. d. people give up eating pasta and bread because they want to lose weight. 2b2t
Consider an economy with a cobb-douglas production function, with the share of capital income in total income equal to 1/2. let the depreciation rate be delta equals 0.003, population growth rate is n=0.002, technology growth rate is g = 0.003 and the savings rate is s space equals space 0.2. a. the steady state capital stock per worker is . b. the steady state level of output per worker is . c. the steady state consumption per worker is . d. the steady state investment per worker is .
On january 1, 2018, an investor paid \$293,000 for bonds with a face amount of \$313,000. the contract rate of interest is 10% while the current market rate of interest is 13%. using the effective interest method, how much interest income is recognized by the investor in 2019 (assume annual interest payments and amortization)?
Roswell inc has 9,000 machine hours available each month. the following information on the company's three products is available: product 1 product 2 product 3 contribution margin per unit \$ 33.00 \$ 72.00 \$ 25.50 machine hours per unit 3.00 2.00 1.00 if market demand exceeds the available capacity, in what sequence should orders be filled to maximize the company's profits? product 1 first, product 2 second, and product 3 third. product 2 first, product 3 second, and product 1 third. product 3 first, product 1 second, and product 2 third. product 3 first, product 2 second, and product 1 third.
When the price of pencils increases from \$1.50 to \$2.50, there is an increase in quantity demanded o...
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