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Question: There are 1000 consumers in this target market and each consumer makes exactly two purchases each year for widgets. Currently, there are only two products in the widget category: your product (alpha) and your only competitor (beta). Currently alpha is better than beta in terms of product quality. Based on prior research, for any given purchases occasion, there is a 60% chance that a consumer in the target market will select your brand (i.e. alpha).
Suppose that you are told that the point (8, 10) sits on a straight line. Furthermore you are told that every time the X value increases by 5 units the Y value decreases by 10 units. Write an equation in slope intercept form given this information..
Based on the Solow model, how would each of the following affect consumption per employee in the long run? Describe and illustrate your answer graphically.
"The Labor Market and Minimum Wage" Please respond to the following: Review the e-Activity, and examine two arguments one for and one against raising the minimum wage. Based on your choices describe whether the minimum wage must be raised or not.
The demand for cardiac bypass surgery, given that the government pays the full cost for any patient.
During the Second World War, Germany's factories were decimated. It also suffered many human casualties, both soldiers and civilians.
Describe a time in your life when you conformed to, or obeyed, a larger group. In the speaker notes, detail how would you react in that situation today, and what approaches you can take to avoid these behaviors in the future.
If you are a manufacturer do you necessarily want the gray market to cease to exist? Why or why not? How about if you are a franchised dealer?
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Despite strong sales and a low marginal cost of producing the product, your company has yet to show a profit from selling the drug.
describe both quotas and tariffs. how do they impact domestic prices and deadweight loss? how does an import quota
Discuss the model or economic theory that relates to the issue presented in the news article. Discuss what economic theory states and predicts about the issue presented in the news article.
Which of the following market conditions in an oligopoly increase the probability that it will be able to maintain prices well above the competitive market.
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