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Levels Tought:
University
| Teaching Since: | Apr 2017 |
| Last Sign in: | 448 Weeks Ago, 6 Days Ago |
| Questions Answered: | 9562 |
| Tutorials Posted: | 9559 |
bachelor in business administration
Polytechnic State University Sanluis
Jan-2006 - Nov-2010
CPA
Polytechnic State University
Jan-2012 - Nov-2016
Professor
Harvard Square Academy (HS2)
Mar-2012 - Present
4–15. Alexander Machine Tool faces the demand curve P = $70 - 0.001Q. What price and quan- tity maximize total revenue? What is the price elasticity at this point?
4–16. Studies indicate that the income elasticity of demand for servants in the United States ex- ceeds 1. Nevertheless, the number of servants has been decreasing during the last 75 years, while incomes have risen significantly. How can these facts be reconciled?
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