Using the original elasticities of demand and supply (i. e., upper e subscript upper sequals1.5 and upper e subscript upper dequalsminus0.5), calculate the effect of a 35-percent decrease in copper demand on the price of copper. recall that the demand equation is qequals27minus3p, the supply equation is qequalsminus9plus9p, the initial equilibrium price is p*equals$3.00 (dollars per pound), and the initial equilibrium quantity is q*equals18 (million metric tons per year). as a result of this change in demand, the price of copper will ▼ decrease increase by $ nothing. (enter your response rounded to two decimal places.)

It is estimated that over 100,000 students will apply to the top 30 m.b.a. programs in the united states this year. a. using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an m.b.a. degree. b. what would you expect to happen to the number of applicants if the starting salaries of managers with m.b.a. degrees remained constant but salaries of managers without such degrees decreased by 20 percent

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.