Analyze how bartender would know that price of exotic drink

Assignment Help Microeconomics
Reference no: EM13237473

Explain how the price of a product is determined. Analyze how a bartender would know that the price of an exotic drink was too low or too high. Provide adequate conceptual justifications.

With supporting details from the text, explain how the tightening of credit by banks and other financial institutions can improve or hurt car sales.

Reference no: EM13237473

Questions Cloud

Compute the solubility of ag2cro4 in grams per liter : Calculate the solubility of Ag2CrO4 in grams per liter under following conditions (the solubility product constant for silver chromate is 1.1 x 10-12)
Identify three examples of supply not meeting demand : Analyze how the market will respond in each example (from the perspective of both the supplier and the consumer. Recommend examples in each of the three examples as to how consumer's demand may be satisfied.
Find the total distance covered : A subway train starts from rest at a station and accelerates at a rate of 1.56m/s2 for 13.7s, Find the total distance covered
Explain what is the ground state energy of the electron : Take element Z = 57 from the periodic table. Ionize it 56 times so that there is only one electron left orbiting around the nucleus. What is the ground state energy of the electron
Analyze how bartender would know that price of exotic drink : Explain how the price of a product is determined. Analyze how a bartender would know that the price of an exotic drink was too low or too high. Provide adequate conceptual justifications.
Compute the amount of pd that can be electroplated : Calculate the amount of Pd that can be electroplated from a solution of Pd(II) ions with a current of 1.40 amps for 3.00 hours.
What is the velocity of a wave on this bungee cord : A bungee cord is stretched between two poles with a force of 447 N, What is the velocity of a wave on this bungee cord
Find out the number of electrons transferred in reaction : Determine the number of electrons transferred in the following reaction when it is correctly balanced.
Analyze what is driving the increase on donations : Analyze what is driving the increase on "donations" for certain body products. Explain the rationale for this trend.Provide an example of a time when you had to deal with opportunity costs. Describe the situation and how you responded.

Reviews

Write a Review

Microeconomics Questions & Answers

  Determine aggregate demand line

Assume a bank has $200,000 in deposits, a needed reserve ratio of 10%, and bank reserves of $50,000. Then the bank can make new loans in the amount of?

  Economy fundamentals

Which is not a factor of production? Which is not one of the five fundamental questions that an economy must deal with?

  What is the macrs-gds property class

A rental apartment complex for residential use in the City was placed in service by a calendar year company 6 years ago on February 27 for $530,000. The apartments were sold on March 6 this year. A rental apartment complex for residential use in ..

  Describe inflation, unemployment rate, production

You have been hired as a consultant by your mayor to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one (1) aggregate demand and supply factor that would have the greatest impact on the economy of your ..

  What are implications of such uncertainties for policymaker

Suppose you were in charge of designing the border security policies for airports, seaports, and roadways in the United States. How would you go about finding the optimal level of security, the optimal level of commercial trade and tourism, and th..

  How to know what the consumers may want

During the reading of research data collection tool I select the scanner data system due to the saving and targeted coupons first hand and saving money on discounted items and various products throughout the store .The drawback is when potential ..

  Setting of monetary policy

The various financial indicators suggest that this setting of monetary policy is exerting a degree of restraint on the economy and the high exchange rate and subdued consumer spending are putting downward pressure on some prices, although increases ..

  Explain accounting profit

Do you think Wrigley's will raise or lower their total Revenue by raising prices? Explain your answer using my favorite term - ELASTICITY. If Wrigley raises the price, he will lower their total revenue because in order to increase the total revenu..

  Relationship in market and aggregate supply and demand

Describe how the circular flow diagram illustrates the interaction of households, governments, and business and Describe the relationship between market and aggregate supply and demand?

  What is statistical discrimination

What is statistical discrimination and why does it occur, Provide an example of statistical dis-eliminations. Is statistical dionimination likely to persist overtime or will it eventuly disappear. Explain

  Compute teetotal amount of revenue collected with the tax

Calculate the new consumer and producer surpluses after thetas has been applied and compute teetotal amount of revenue collected with the tax, and the deadweight loss created by the tax

  When the absolute demand for the commodity exceeds

Say whether the statement is true, false, or uncertain, and support your answer using concepts discussed in class (only the explanation will be graded and not the T/F choice). If needed, you may do some additional research on these topics.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd