2. discuss how elasticity might be used in a business to make decisions
about setting price levels. give specific examples for elastic and inelastic
goods. (c3)
3. calculate and discuss the elasticity if the movie rental fee increases from
$1.99 to $2.99. (c3)

Arectangular exercise mat has a perimeter of 36 feet the length of the mat is twich the width writeand solve an equation to determine the length in feet. of the mat then find the area in square feet of the mart

Which function is increasing? o a. f(x)=(1/15)* o b. f(x)= (0.5)* o c. f(x)=(1/5)* o d. f(x) = 5*

Frank is lending $1,000 to sarah for two years. frank and sarah agree that frank should earn a real return of 4 percent per year. instructions: a. the cpi (times 100) is 100 at the time that frank makes the loan. it is expected to be 113 in one year and 127.7 in two years. what nominal rate of interest should frank charge sarah?