User Account

All Pages

Behavior in the short term

Assignment Help Macroeconomics
Reference no: EM131051051

Consider the last product or service you purchased for more than $50, excluding gasoline.

If the price of that product or service went up by 10% overnight, how would you adjust your behavior in the short term?

How would you adjust your behavior in the long term?

If you decide not to buy this product again, what will you buy instead?

Analyze who will be more sensitive to price changes in what kind of products.

Please reply in question and answer format.

Reference no: EM131051051

Questions Cloud

Short-run aggregate supply curve slopes upward : a. Briefly explain why the short-run aggregate supply curve slopes upward. b. What might cause a decrease, i.e. a shift back, in short-run aggregate supply. Give, and explain, at least one cause.
Firm is considering the purchase of new office phone system : Your firm is considering the purchase of a new office phone system. You can either pay $31,500 now, or $900 per month for 34 months. Suppose your firm currently borrows at a rate of 7% per year (APR with monthly compounding). Which payment plan is mo..
What quantity does the firm produce and what is its price : What quantity does the firm produce and what is its price?
Explain your reasoning why the website has poor usability : From the second e-Activity, explain your reasoning why the Website has poor usability. Propose suggestions on how the company could improve Website usability.
Behavior in the short term : If the price of that product or service went up by 10% overnight, how would you adjust your behavior in the short term? How would you adjust your behavior in the long term?
About the anticipated aftermarket price : IPO Your firm wishes to raise $10 million of net proceeds by going public. The anticipated aftermarket price (after the IPO) is $23 and the firm plans to issue the new shares at a price that is $3.00 below the anticipated aftermarket price. The under..
What was the court rational : Identification of something about this topic or problem that you want to know about that you don't know already. A brief summary of what others have already had to say about your question (i.e., a "lit review").
Role in different parts of the economy : Explain how the agency problems have played a role in different parts of the economy: moral hazard (unobserved effort), and adverse selection (unobserved type).
Exchange rate should be higher : If private investors and speculators believe that the $0.12 per dirham exchange rate is not sustainable, and the exchange rate should be higher ($0.15 per dirham), what actions are they likely to take?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Which is the total unregulated level of emissions

Imagine there are two polluters of a given substance with the following marginal-abatement cost functions MAC1=200-e(1) and MAC2=300-3e(2) where emissions are measured in tons/year and both MAC1 and MAC2 are measure in $/ton. Draw on a graph MAC1...

  Calculate the price level and cost of borrowing money

measure used to calculate the price level and measure used to calculate the cost of borrowing money.

  Illustrate when banks would be willing to maintain services

From California to New York, legislative bodies acrosso the United States are considering eliminating or reducing the surcharges that banks imppse on non customers who make $10million in qirhseQloa deo orhwe banks' ATM machines.

  Calculate the current years cost of the market basket

Calculate the current years cost of the market basket and the value of the current years price index. What is this year's percentage change in the price level compared to the base year?

  Describe the key concepts

While sitting in your office one evening, you begin to think about some of the key microeconomic messages you want to communicate to the Board.Pick two key concepts and discuss.

  Nbspthe last five months has seen inflation rising at a

nbspthe last five months has seen inflation rising at a faster rate. five months ago inflation was rising at an annual

  Figuring out the optimal price and quantity

You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university.

  Explain what was happening to the economy

Explain what was happening to the economy in terms of the AS/AD model, including what would need to happen to bring us out of the "recessionary gap". In other words, using the AS/AD model as a starting point, explain the economic situation of 2008..

  Explanation of more or less steady rate of growth

Explain and discuss the mechanisms by which this has occurred, and contrast our experience with: a) the recent performance of many NICs (newly-industrializing-countries) in the last few decades

  Calculate industry output and equilibrium price

All Company in the industry have identical cost structures - the industry's total cost has fixed cost of 6000 and constant variable cost of 50.

  What are the three macroeconomic goals find an article that

what are the three macroeconomic goals? find an article that shows a connection between a current event and two of the

  What is the set of pareto optimal allocations

Amaranda and Bartolo consume only two goods, X and Y. They can trade only with each other and there is no production. The total endowment of good X equals the total endowment of good Y.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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