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Q1. Soft selling occurs when a buyer is skeptical of the quality of usefulness of a service or product. For example, assume you're trying to sell a company a new accounting system which will reduce costs by percent (%) 10. Instead of asking for a price, you offer to give them the product in exchange for percent (%) 50 of their cost savings. Elucidate the information asymmetry, the adverse selection problem also why soft selling is a successful signal.
Q2. Since 1950 services have risen as a percent (%) of GDP. Elucidate the correlation between this increases also labor participation rates by gender over the same period
If each economy specialized in its comparative advantage, what range of prices would bacon trade at in terms of eggs.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
When and where did modern economic growth first happen. What are the major institutional factors that form the foundation for modern economic growth. What do they have in common.
Economics essay-a brief paper about six pages in length also concisely analyze a contemporary problem illustrating Monopoly, monopolistic competition also oligopoly in the marketplace.
Draw the production possibility frontiers for the 2 countries. Draw the world relative supply curve for manufactures.
Suppose that a small nation produces mushrooms for domestic consumption also possible export.
Advantages and disadvantages of a company using price discrimination in order to increase demand for its product or service.
Elucidate what would be the immediate and long run effects on c, k, and y. Explain by drawing the path of these variables. Consider that you impose the new saving rate.
Explain how the reduction in supply from the reduced fishing waters will either increase or decrease consumer surplus and producer surplus.
What are the most important things to consider when making a pricing decision for a good whose demand as well as is elastic.
Global studios are thinking of producing a mega film, Aqua world, which could be a mega hit or a mega flop.
In some states, mining for coal leaves large amounts of rubble, which poses flooding problems; causes land damage also is unsightly.
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