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Describe what is meant by demographic groups and name a couple of groups mentioned in the chapter "Burns, Alvin C. and Ronald F. Bush, Marketing Research, Sixth Edition, Prentice Hall – Pearson, Upper Saddle River, NJ., 2010. ISBN 0-13-607-146-5 "
If the economy falls into a recession, the stock's return is projected at a negative 11.6 percent. The probability of a normal economy is 80 percent while the probability of a recession is 20 percent. Illustrate what is the variance of the returns..
A perfectly competitive market is described by the demand Q = 70 - 2p and the supply curve Q =5p - 20. A firm in the market has a total cost equation of C = 16+ Q^2 + 2Q. Calculate the equilibrium price in the market.
According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.
Suppose that the average total cost (ATC) of producing 8 units is less than the average total cost of producing 9 units. What can we say about marginal costs (MC) in relation to ATC?
Machine A costs $20,000 to purchase and is worth $5,000 in 6 years. Machine B costs $10,000 to purchase and is worth $2,000 in 4 years. Assume that these machines are needed for 24 years and can be repurchased at the same price in the future. (use 10..
Cross-rates allow you to calculate a third exchange rate from two that are known and that have a common currency. The method requires that you set up the cross-rate multiplication so that the common currency is canceled out.
From 1982 to 1986 retail sales of furs in the U.S rose from $0.4 billion to 1.0 billion. After this time, there was no additional growth until 1989 when sales increased slightly to $2 billion. Subsequently there was a plunge in fur sales which droppe..
The Solow growth model predicts that the GDP per capita of countries with similar technology and savings behaviour will converge over time. To test this theory a researcher examines the growth of G7 countries, fails to reject convergence, and conclud..
The current market price for XYZ is $52 per share. Initial margin is 50%, maintenance margin is 35% and margin interest is 1.75% per year. You believe the stock price will increase over the next year and wish to trade exactly one round lot. What trad..
If the price elasticity of demand for a product is -5, and the income elasticity of demand for the product is 2.5. If a 0.5% decrease in product price as accompanied by a 1% decrease in consumer income, the firm's total sales will
Discuss the role of advertising also the desired impact on the industry's demand curve. Contrast this to advertising at the industry level.
Assume your town decides to levy a tax to raise funds for construction, maintenance also other expenses for local schools. Should the tax be proportional, progressive or regressive.
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