How do peoples budget and income.

Reference no: EM13759728

Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

George Foreman was a professional boxer who made a comeback by endorsing grills. Foreman does not own the company that makes the grills, but he became the face of the brand. At first, people were not certain whether he was an expert on grills or fat-free cooking, but Foreman soon became thought of as the expert on this product and this type of cooking. Think of the concept of utility and how Foreman's role as a celebrity endorser affects the marginal utility of these grill products. Answer the following:

How do people's budget, income, and substitution effects fit in?
How do you think this influences the demand curve for indoor grill products?
Are these choices made rationally?

Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 100-word reply about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:

What did you learn from your classmate's posting?
What additional questions do you have after reading the posting?
What clarification do you need regarding the posting?
What differences or similarities do you see between your posting and other classmates' postings?

Reference no: EM13759728

Questions Cloud

Describe the one thing about prototyping : In this article review, you will describe the one thing about prototyping that surprised you the most. Find an article on prototyping and write a one-page (250-word) paper that includes the following: A description of the article and where it was f..

Allow employees to feel less burdened : As organizations restructure and cut back on staff, a burden is placed on the employees who remain. Imagine that you work for an organization that has just cut back on staff and you, a remaining employee, are feeling overburdened with the extra work...

What are some of the major motivators for leisure travelers : What are some of the major motivators for leisure travelers? Why is it critical for tourism professionals to understand what motivates leisure travelers?

Houston-based advanced electronics : Houston-based Advanced Electronics manufactures audio speakers for desktop computers. The following data relate to the period just ended when the company produced and sold 42,000 speaker sets:

How do peoples budget and income. : How do people's budget, income, and substitution effects fit in - How do you think this influences the demand curve for indoor grill products?

Forensic biology : To use entomology, odontology, anthropology, pathology, and microbiology techniques to complete your investigation.

Three-tiered architecture : Submit a report for the CIO about three-tiered architecture. The organization has continued to grow, and the architecture of the existing database needs to be changed to increase performance, scalability, and reliability. Your CIO has asked you to..

Explain with examples total returns people receive from work : Explain with examples the total returns people receive from work. Compensation for many people is an inherently personal and emotional issue. Express your opinion and give an example of how taking compensation personally, can play-out on the job. Exp..

Define wireless broadband services : Define wireless broadband services. Tell us how it can be used in the enterprise

User Account

All Pages