Multiplier effect timeline
Problem: In the real world, we should expect the multiplier process to work itself out ___________.
a. almost instantaneously
b. within a few days
c. within one month
d. only over many months
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Using the Gantt chart view in MS Project as a starting point, create a dataflow diagram for any sort of web business. Be sure to use the conventions of data flow diagrams.
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Problem: What is a product or service which features inelastic demand, and a product or service which features elastic demand.
Q1. How many cookies will you eat per day if the price is zero? Q2. How much total value, measured in dollars per day, will you thereby obtain?
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