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After Halloween some stores offer discounts on goods. What can we say is happening to the demand or supply curve for prices to come down? What can we say about how consumers are reacting about the lower pricing?
This was the famousHundred Days of the New Deal. the days in which, half by design, half by accident, the foundation was laid for a new pattern of government relationship to the private economy, a pattern that was to spell a major change.
Define scarcity and Opportunity cost. Scarcity is the fundamental economic difficulty of having seemingly unlimited human needs and desires, in a world of limited resources.
Find the marginal utility functions of the following utility functions: Plot the marginal utility functions. Indicate which of these functions appear to exhibit diminishing, constant or increasing marginal utility? 1. u(x,y) = 3x + 2y
In 2003 the state of Arizona discuss that there was a shortage in correctional officers. Determine how correctional officers' wages are calculated.
Suppose that you are the top marketing manager for the Pepsi-Cola Co. You are engaged in an intense battle for market share in domestic beverage market with Coca-Cola Co.
Assume Congress decides that oil companies are making too much profit and decides to tax oil companies for each gallon of gasoline produced. This would Answer shift the average fixed cost curve down. shift the marginal cost curve up.
Assume that all states adopt a serious no-fault rule to cover automobile accidents, so that it becomes impossible to sue for damages after an accident.
Assume the consumption function is given by C=200+0.5(Y-T) and the investment function is I=1000-200r, where r is in percent. G equals 300 and T equals 200. Find the equation for the IS curve (hint: use the formula for equilibrium Y = C + I + G and t..
Assume that the Wall Street analysts believe the industry has good growth prospects. The audit client is predicting a 20% increase in sales and a 27% increase in profits for the year under audit. 65% of all sales are made to just five customers.
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulate..
Describe in detail the implementation of the 4ps marketing mix concept by this company icluding, competition, distribution strategy, target market, product strategy,
Explain why might the unemployment rate tend to actually underestimate the unemployment problem, especially during a recession.
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