Discuss the logic of these claims

Assignment Help Econometrics
Reference no: EM131323670

In radio ads, Mercedes-Benz of San Francisco says that it has been owned and operated by the same family in the same location for 48 years (as of 2010). It then makes two claims: first, that because it has owned this land for 48 years, it has lower overhead than other nearby auto dealers, and second, because of its lower overhead, it charges a lower price on its cars. Discuss the logic of these claims.

Reference no: EM131323670

Questions Cloud

How does its maximum profit change : If a specific subsidy (negative tax) of s is given to only one competitive firm, how should that firm change its output level to maximize its profit, and how does its maximum profit change?
Explain how can you use goal-setting to increase motivation : Explain your assessment results and why you agree or disagree with them. How can you use goal-setting to increase motivation and improve job performance?
Perform a heritage assessment on three families : The learning activity and corresponding assignment in this topic requires students to perform a heritage assessment with families selected by the student from their local community.Interview three families from different cultures. One family should..
Determine the implied repo rate on the contract : Assume that on March 16, the cheapest bond to deliver on the June T-bond futures contract is the 14s, callable in about 19 years and maturing in about 24 years.- Determine the implied repo rate on the contract.
Discuss the logic of these claims : It then makes two claims: first, that because it has owned this land for 48 years, it has lower overhead than other nearby auto dealers, and second, because of its lower overhead, it charges a lower price on its cars. Discuss the logic of these cl..
Eliminate the potential for the phc tax : Propose a plan in which you eliminate the potential for the PHC tax on the client's corporation.PART 2 Please generate an answer for the discussion that I will provide via massage (this discussion is from a only student that I have to reply back n..
Can a exert pressure thats strong enough to change attitudes : Does the desire to be accepted as a part of a group leave one susceptible to conforming to the group's norms? Can a group exert pressure that's strong enough to change a member's attitudes and behavior?
Determine if an arbitrage opportunity was available : On July 5, a stock index futures contract was at 394.85.- Determine if an arbitrage opportunity was available, and explain what transactions were executed.
Which of the following is not a part of the miranda rights : Which of the following is NOT a part of the Miranda rights? What is the most significant characteristic of "date" rape as opposed to the "blitz" rape

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd