Explain normal good or inferior good
In Russia, as per capita income rises from $1,990 to $2,040, ceteris paribus, annual per capita consumption of vodka rises from 475 liters to 500, what is the income elasticity of demand for vodka in Russia? Is it a normal good or inferior good?
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Demand for small tractors is given by: P = 20,000 - Q, where P denotes price in dollars and Q is annual sales. Find the firm's profit-maximizing output, price, and annual profit.
Therefore, he recommends cutting price in order to increase revenue and profit. a) Compute the point price elasticity for mower. Is the marketing chief correct? b) Do you agree or disagree with cutting price. Explain.
What is the implied annual rate if you deposit $750 and receive $2,000 in 8 years, assuming interest is compounded quarterly?
Martin & Associates borrowed0 $5,000 on April 1, 2010 at 8% interest with both principal and interest due on March 31, 2011. How much should be in the firm's interest payable account at December 31, 2010?
What is the difference between fair value and market value? When we covered inventory we discussed Lower of Cost or Market for valuation of ending inventory. Is there GAAP guidelines for recognizing the basis for fixed assets?
How many years it will take to grow your money from $3308 to $9537 if you can earn an interest of 15% compounded quarterly? The difference between an ordinary annuity and an annuity due is the:
Illustrate the principles of absolute and comparative advantage by using two nations in a hypothetical investment scenario. Your response should be at least 200 words in length.
What does this mean the market is thinking about risk and where Google stock is headed by the end of the year? Furthermore, why doesn't this represent an arbitrage opportunity? (Google is currently at $553 per share.)
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