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Identify which of the following are discrete decisions and which are extinct decisions.
a. Decide whether to expand an existing product into a new region.
b. What discount should be given on products during the upcoming holiday sale? How should you do it? How should the profit generated from the price discount be compared to the loss from the discount?
c. Should the advertising budget be changed for the upcoming year? How should it be done?
Solution:
d. Should you develop a new product for an existing product line? What must you decide?
What do classical economists believe about the slope or shape of the Aggregate Supply curve? More traditional economists would refer to this AS curve drawn by the classical economist as the _____ ______ Aggregate Supply curve? What do classical econo..
what is the growth rate of constant- dollar real gdp using year 1 as the base year? What is the growth rate of constant- dollar ral GDP using year 2 as the base year?
In Music Ville, the price elasticity of demand for CD players is 1.3, the income elasticity of demand for CD players is 0.4, and the cross elasticity of demand for CD players with respect to MP3's is 0.1. If incomes in Music Ville increase by 15% wit..
Short-run aggregate supply curves reflect an inverse relationship between the price level and the level of real output. The long-run aggregate supply curve assumes that nominal wages are fixed. In the long run, an increase in the price level will res..
Discuss whether each statement is an example of positive economics or normative economics or if it contains elements of both: an increase in the personal income tax will slow the growth rate of the economy.
A project has cash flows of -$12,000 in Year 1, +$5000 in Years 2 and 3, -$2000 in Year 4, and +$6000 in Years 5 and 6. Find the interest rate of 12%. Find the interest rate that gives a net present value of zero.
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Written Assignment China and India have demonstrated trends toward Western-style consumption over the last decade. Given the emphasis on the youth market in the U.S. over the last 60 years (since the baby boom), what can you suggest for marketers in ..
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The purpose of this assessment is to understand the concept of full employment and analyze how frictional unemployment affects it. Assessment Description: Based on your understanding of full employment, Provide appropriate rationale to support your r..
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