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Author Question: Which one of the following is true? a. Nike has a more inelastic demand curve than shoes b. The ... (Read 53 times)

stevenposner

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on: Jul 1, 2018
Which one of the following is true?
 a. Nike has a more inelastic demand curve than shoes
  b. The demand curve for gas is more elastic in the short-run than in the long-run
  c. Cigarettes have a more elastic demands than televisions
  d. Salt has a more inelastic demand than meat

Question 2

Managerial economics seeks to accomplish all of these goals EXCEPT:
 a. identify the alternatives
  b. select the choice that accomplishes the objective most efficiently
  c. take into account the opportunities
  d. take into account the likely actions & reactions of rival decision makers
  e. all of the above


kristenb95

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


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