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Discussion 1: Demand function specifies other factors that management will often consider, including the design and packaging of products, the amount and distribution of the firm's advertising budget, the size of the sales force, promotional expenditures, the time period of adjustment for any price changes, and taxes or subsidies. For this discussion forum, consider your favorite consumer product (e.g. cell phone, car, cereal, restaurant, hair gel, etc.) and describe the variables that might be part of the demand function (i.e. substitute good, complementary good, income level, advertisement, consumer preference, etc.) for this product. How would you describe the elasticity of demand for this product - is it highly or somewhat elastic or inelastic? Why?
When Mrs. Edwards raises the price of Grad Nite tickets, a. the demand for movie tickets increases because of the increase in the number of buyers.
Consider the estimated selling price of the pens $20; suppose that she is unsure that this projected selling price is accurate and she wishes to calculate alternate selling prices.
What are the reasons why the colonized region in latin america remained underdeveloped? How/Why was the Great Depression considered an "imported crisis" for Latin America? Under ISI policies, Latin America became one of the most protectionist regio..
Briefly discuss the concept of both positive and negative externalities and give specific examples of each. In your explanations of the two, cover the differences, discuss why property rights are an important variable, and discuss any other relevant ..
East Chicago is a major production center of steel in the United States. In the process of producing steel, the firms in this area emit pollution both into the air and into the water which adversely affect Indiana residents. The EPAhas determined ..
If deposits in the banking system are $540, while the reserve ratio is 0.2 and the currency to deposit ratio is 0.09, then:
Discuss what is meant by demand-side fiscal policy and supply-side fiscal policy. When the economy enters a recessionary gap, state how the government would use a demand side fiscal policy and how the government would use a supply side fiscal poli..
When the price of a bond equals the face value? If the quantity of bonds demanded exceeds the quantity of bonds supplied, bond prices. Current U.S. monetary policy is best described as.
The US market of rice is described by the following domestic supply and demand equations: QdUS = 200 – 2 P , QsUS = -100 + 3 P where QdUS and QsUS represent the quantities demanded and supplied (in millions of tons) and P is the price per ton of rice..
If an alternative has monthly payments of $10,000 a month for three years with a purchase price of $75,000 at the end of year three, what would the cash flow diagram look like. what would the cash flow diagram look like
A business have 4-lockbox collection centers that average $235,00 in payments each day. Payments are invested daily in shortterm securities at collection center banks.
Lovers of classical music persuade Congress to impose a price celing of $40 per concert ticket. As a result of this policy, do more or fewer people attend.
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