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Role of Advertising
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm.
Describe the business and its likely main competitors.
How would you structure your advertising and customer service to differentiate your product/service?
How easy would it be for new competitors to enter your market and erode your customer base or selling price?
What would be your prognosis for the long term profitability of such a business?
What could you do to protect that long term profit stream?
suppose nominal gdp in 1999 was 100 billion and in 2001 it was 270 billion. the general price index in 1999 was 100 and
a fundamental assumption for economic analysis is that economic agents be it an individual a household or a
List the 4 components of the GDP, in descending order of magnitude for the USA (3rd and 4th may change position at certain points in the business cycle, don't worry about them). Research and state, on average, the percentage of GDP each component rep..
Find (algebraically) consumer’sAutility maximizing (optimal) combination of Qax and Qay. At this point compute the level of utility enjoyed by consumer A.
One characteristic of automatic fiscal policy is that it...
Find the quantity, price and profits in equilibrium. Calculate the consumer surplus. Are consumers better off or worse off in this situation than in (a)?
a purely competitive wheat farmer can sell any wheat he grows for 25 per bushel. his five acres of land show
Explain the law of demand. Why does a demand curve slope downwards? Distinguish between a change in demand and a change in quantity demanded.
What was the hoped-for result on C, I, and Y - what other factors might have influenced the level of investment spending during those years? Do you think the Federal Reserve achieved its goal? Explain.
In real terms, the cost of government spending is measured by
Calculate the quantity demanded at prices of $5, $4, and $3 and calculate the prices necessary to sell 1,250, 1,500 and 1,750 thousand s of five gallon containers.
1. a. describe the four market types by writing a separate paragraph for each. in your response for each market type be
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