Suppose price decreases and demand is perfectly inelastic. What happens to total revenue?

1. According to the Keynesian-cross analysis, if MPC stands for marginal propensity to consume, then a rise in taxes of  T will: a. decrease equilibrium income by  T. b. decrease equilibrium income by  T / (1 - MPC). c.

In addition to the positive welfare effects that free trade has on an economy, there are a variety of other benefits of international trade. Consider the following scenario: Without free trade, Rooby has market power as a local producer.

Find the total cost, rounded to the nearest cent, of 3.9 pounds of corned beef at $5.49 per pound and 4.6 pounds of pastrami at $4.95 per pound.

What integrates all departments and functions throughout an organization into a single it system so that employees can make decisions by viewing enterprise-wide information on all business operations?

Why might a town decide to issue bonds?

A Hummer is rated at 13 miles per gallon of gas and gas currently costs approximately $2.85 per gallon. If you drive from Orlando, Florida to San Francisco, CA (2,890 miles), how much money will you spend on gas? Assume it is a one-way trip.

If a cooperating broker accepts the offer of subagency from a listing broker, to whom does the cooperating broker owe fiduciary duties?

A group of dairy farmers is trying to raise milk prices by 10%. If the price elasticity of demand for milk is 0.

Avido Inc. is expected to pay a $2.00 dividend at year end (D1 = $2.00), the dividend is expected to grow at a constant rate of 4.50% a year, and the common stock currently sells for $47.00 a share. The before-tax cost of debt is 6.

Subsidizing medical services through medicare a. makes medical services available to a large percentage of the? population, who otherwise could not afford them. b.