If a decrease in the price of football tickets increases the total revenue of the athletic department, this is evidence that demand is:
a. price elastic.
b. price inelastic.
c. unit elastic with respect to price.
d. perfectly inelastic.
a
Economics
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A $130,000 investment in new equipment this year will increase your firm's profits by $50,000 in each of the next 3 years. What is the net present value of this investment if your firm's opportunity cost of capital is 10 percent?
A) -5,657 B) 5,657 C) 124,343 D) 128,850
Economics
The Gini coefficient is calculated by measuring the area between:
A. the line of perfect inequality and the Lorenz curve. B. the line of perfect equality and the Lorenz curve. C. the Lorenz curve and the x-axis. D. the Lorenz curve and the y-axis.
Economics