Kean University Professor Henry Saffer and Bentley University Professor Dave Dhaval estimated that if the alcohol industry increased the prices of alcoholic beverages by 100 percent underage drinking would fall by 28 percent and underage binge drinking would fall by 51 percent.

a. What is the elasticity of demand of underage drinking and binge drinking?
b. What might explain the difference in elasticities?

Where are subduction zones most likely to form

The country of bienmundo does not trade with any other country. its gdp is $30 billion. its government purchases $5 billion worth of goods and services each year and collects $6 billion in taxes. private saving in bienmundo amounts to $5 billion. what are consumption and investment in bienmundo? a. $17 billion and $8 billion, respectively. b. $19 billion and $6 billion, respectively. c. $19 billion and $8 billion, respectively. d. $17 billion and $6 billion, respectively.

Budgeted overhead for haft, inc. at normal capacity of 60,000 direct labor hours is $3 per hour variable and $2 per hour fixed. in may, $310,000 of overhead was incurred in working 63,000 hours when 64,000 standard hours were allowed. the overhead controllable variance is