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Discuss and provide application of concepts of supply and demand by identifying two goods and two services you consume at the household or professional level. For each example, you will identify a demand-shifting factor (preferences, expectations, income) and a supply-shifting factor (entry/exist of a producer, cost of input, etc.) Based on each factor/scenario, please discuss the impacts to the equilibrium price and quantity further include actual reporting of the scenario relating impacts on the industry from the scenario-based adjustment from research.
Bellsouth Mobility (BM) ran a pricing trial in order to estimate the elasticity of demand for its services. The manager selected 4 states that were representative of its entire service area and increased prices by 5% to subscribers in those areas. Di..
Ocean water contains .9 ounces of gold per ton. Method A costs $550 per ton of water processed and will recover 90% of the metal. Method B costs $400 per ton of water processed and will recover 60% of the metal. The supply of ocean water is essential..
q. suppose that low-skilled workers employed in clearing woodland can each clear one acre per month if they are each
Assume you developed a process for underfilling of flip chips and sent that on to manufacturing where they are happily producing product. One day manufacturing stops because the underfill doesn't flow as usual -- something is changed about the underf..
If you were an economic adviser to the president and someone made this suggestion, what would you say in response to this proposal?
Imagine you are consulting with a manager of a business that sells cleaning supplies to nursing homes. Your client wants to develop a marketing plan but has a small budget for marketing his business. How would you show your client the benefits of a m..
Describe some of the most commonly used data types in Visual Basic and provide examples of how you would use each.
Referring to the concept of entry barrier and explain dunning ideas on strength of multinational enterprise. How would an enterprise take advantage of different levels of innovation? (i.e., of major innovation vs minor innovation.
Using the IS-LM model, comment on whether the statement is true or false. Support your answer with necessary diagrams
A snickers bar costs $1.00 each at the concession stand at Notre Dame football games. Amanda revealed how much she is willing to pay for each snickers sold at the concession stand. She value the first bar at $2.00 and her marginal benefit declines by..
Kim is a single head of a household with two children and has the following utility function over consumption, C, and leisure, l:
Explain your answer using the relationship between the aggregate demand curve and the aggregate expenditure.
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