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After listening to the podcast, answer the following
1) Can you determine what some of the fixed cost are producing Frito Lays? What are the variable cost ?
2) Why the bag of Fritos go up? What are the suspects ghat Stacy and Cardiff find are the culprits.
3) Can you determine from the podcast if we are elastic or inelastic for soda? What about Fritos Explain.
4) What did the aluminum do to the competition and how affect the price and market case of aluminum-make connections to the economic theories are learning from section 2are the Are they good or bad for Remember the of years Does you some as to the effect of on goods that are importedExplain
5) What has happened to the demand for soda and snack ? Why What connection can between soda and kind of goods are they and how are they consumed?
6) Given the market structure of competition and you have learned about very large number standard product no control over price, easy entry no price competition What do you conjecture/ hypothesize for about the market structure for soda and snacks.
1. if the income elasticity of demand for lard is -3.00 that means thata.lard is a substitute for butterb.lard is a
Fifty years ago, Grandma Bell purchased a set of gold-plated dinnerware for $55, and last year you inherited it. Unfortunately a fire at your home destroyed.
Explain how data systems are changing several aspects of the accounting profession. Include a description of a variety of new technologies and their effects on accounting processes.
a. For this monopolistically competitive firm, what is the profitmaximizing output level and at what price will it sell this output? b. At profit maximization, explain why this firm is considered to be in long-run equilibrium.
Discuss diffrent types of economies, demand and supply and diffrent types of markets
In a typical recession, the unemployment rate rises 2 1 2%. Assume that at full employment, the unemployment rate is 4 1 2%, and it rises to 7%.
An efficient small firm has production function q(k, I) = k1/4I1/2, and the unit costs for capital and labor are v = 2 and w = 3.
By 1993, nations in the European Union (EU) had eliminated all barriers to the flow of goods, services, labor, and capital across their borders.
Monetarists and supply-side economists were very worried about the plan and the support it received from the Fed. What specific problems might a monetarist and a supply-side economist worry about?
Suppose we have monthly data on the CPI and quarterly data on the GDP. We have information only on the first two periods. We are given that the CPI increased by 0.5% from January to February, while GDP increased by 1.3% from Q1 to Q2. We would like t..
The federal government employs a budget plan over several fiscal years that results in significant increases in the national debt, with no relief or plans to deal with the problem.
Write a letter advising a hypothetical sole proprietor to choose another form of business ownership. By definition, a sole proprietorship is an unincorporated business owned by one person known as the sole proprietor.
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