According to hong and wolak (2008), a 5% postal price increase, such as the one in 2006, reduces postal revenue by $198 million and lowers consumer surplus by $333 million. hong and wolak estimate that the elasticity of demand is minus1.6. assume that there is a constant elasticity of demand function, qequalsxp superscript negative 1.6, where x is a constant and q is the quantity of first-class stamps (in millions). in 2006, the price of a first-class stamp went from $0.37 to $0.39. given the information in the problem about the effect of the price increase on revenue, calculate x. the value for x is

Which of the following is an example of an unsought good? a. cameron purchases a new bike. b. jordan buys paper towels. c. taylor buys cupcakes from her favorite bakery. d. riley buys new windshield wipers for her car.

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4

Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld