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Role of Advertising
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm.
a. Describe the business and its likely main competitors.
b. How would you structure your advertising and customer service to differentiate your product/service?
c. How easy would it be for new competitors to enter your market and erode your customer base or selling price?
d. What would be your prognosis for the long term profitability of such a business?
e. What could you do to protect that long term profit stream
Propose at least three methods that governments should employ to reduce their exposure to asymmetric information problems when attempting to identify entrepreneurial projects supported by public funds
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Though your answer needs to be correct in terms of economic theory (so be sure to read the assigned chapters), creativity and having fun with it is strongly encouraged.
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q.suppose a country the total holdings of banks were as followsrequired reserves 45 millionexcess reserves 15
How much does consumption change this year in absolute dollars ($ ΔC) as a result of a $5,000 annual tax cut to your income, if the tax cut.
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