Mishal Almandhour

Most popular questions and responses by Mishal Almandhour
  1. managerial economics

    Explain how the following events might affect the market demand curve for prime filet mignon a. A fall in price of filet mignon because of decline in cattle prices b. A general rise in consumer's income c. A rise in the price of lobster d. Increased health

    asked on July 1, 2010
  2. managerial economics

    Explain the relationship between product X, product Y and product Z or the properties of each according to the following statements a. Cross price elasticity between X and Y is -4 b. Cross price elasticity between X and Y is 12 c. Cross price elasticity

    asked on July 1, 2010
  3. managerial economics

    Suppose that the demand curve for beans is given by: Q=20-P Where Q is thousands of pounds of beans bought per week and P is the price in dollars per pounds a. How many beans will be bought at P=0 b. At what price does the quantity demanded of beans become

    asked on July 1, 2010
  4. managerial economics

    2. Decide whether the following product is normal, inferior, or luxury. Explain how you can find that? a. Income increases by 20% and quantity decreases by 30% b. Income decreases by 20% and quantity decreases by 30 % c. Income decreases by 20% and

    asked on July 1, 2010
  5. managerial economics

    1. Calculate the demand elasticity of demand ( by using at least two methods) given the following information: P1 = 10 Q1=100 P2 = 15 Q2 = 20 Is the product elastic or inelastic?

    asked on July 1, 2010