For teenagers, a 10 percent increase in the price of cigarettes leads to a a. 1 percent reduction in the quantity demanded of cigarettes. b. 12 percent reduction in the quantity demanded of cigarettes. c. 4 percent reduction in the quantity demanded of cigarettes. d. 10 percent reduction in the quantity demanded of cigarettes.

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

Anew 2-lane road is needed in a part of town that is growing. at some point the road will need 4 lanes to handle the anticipated traffic. if the city's optimistic estimate of growth is used, the expansion will be needed in 4 years and has a probability of happening of 40%. for the most likely and pessimistic estimates, the expansion will be needed in 8 and 15 years respectively. the probability of the pessimistic estimate happening is 20%. the expansion will cost $ 4.2 million and the interest rate is 8%. what is the expected pw the expansion will cost?