How would they collect the data

Assignment Help Microeconomics
Reference no: EM131017520

When a firm estimates the demand for its product what data collection problems would you anticipate having. For example, at GM how hard is it to list the non-price determinate of demand for its cars? Can they obtain the right set of data? How would they collect the data? What would cause errors in their comparative statistical analysis?

Reference no: EM131017520

Questions Cloud

Why does ge succession management approach work so well : What are some possible disadvantages of moving people to new jobs every two or three years? Why does GE's succession management approach work so well
Enrolling english language learners in the united states : Enrolling English language learners in the United States' school system is one of the dreams that most parent will like to realize with their children. So they can get the opportunity to study in one of the most developed countries. "Students who are..
How much time should be spent studying for each class : How much time should be spent studying for each class? That is, maximize GPA by determining E* and U* subject to the 12 hour study time constraint. Did this allocation of study time maximize or minimize your GPA?
Consumer''s decision on a technologyrelatedpurchase : Identify a print, TV or Web advertisement aimed at influencing a consumer's decision on a technologyrelatedpurchase. Analyze the visuals and the words in the ad to describe how the product is presented.How effectively does the ad meet its goals?
How would they collect the data : When a firm estimates the demand for its product what data collection problems would you anticipate having. For example, at GM how hard is it to list the non-price determinate of demand for its cars? Can they obtain the right set of data? How woul..
Express the equation in slope-intercept form : In the problem below, assume that the relationship can be expressed as a linear equation in two variables, and use the given information to determine the equation. Express the equation in slope-intercept form.
Can variance of portfolio smaller than variance of returns : Assume there are only two assets in a portfolio. If this portfolio has a positive weight for each asset, can its (portfolio.s) variance be greater than the variance of returns on the asset in the portfolio that has the higher variance of the two? ..
What are the information requirements of the furniture buyer : What are the information requirements of the furniture buyer? How do they buy? What factors are important? How do the elements of the purchase process model (awareness, consideration, preference, purchase) apply
Construct the series and parallel inductive reactive circuit : Discuss why it is often stated that inductors and capacitors are "dual" elements. Include similarities and differences that must be taken into account when performing calculations with each element and how these two elements are capable of exchang..

Reviews

Write a Review

Microeconomics Questions & Answers

  Classical macroeconomists believed that market-based economy

Classical macroeconomists believed that a market-based economy has ________ self-correcting forces and thus ________ business cycles. The first two years of the Great Depression were dominated by

  A shift in supply curve for gasoline in united states

A shift in supply curve for gasoline in united states would result if stop sales of crude oil?

  Explain cost of various sources of capital including debt

explain cost of various sources of capital including debt preferred stock common stock and retained earnings. also

  Quadplex cinema is the only movie theater in idaho falls

quadplex cinema is the only movie theater in idaho falls. the nearest rival movie theater the cedar bluff twin is 35

  Explain developing countries and how they vary from

1-what is foreign aid and what is the goal of foreign aid? does foreign aid promote economic development? explain.2-how

  Two related variables-noise and intoxication

There are two related variables, noise (equals either quiet or loud) and intoxication (equals drunk or sober). P(drunk)=.25, P(loud)=.4. You know that if someone is drunk, then the probability of them being loud is .9. Use Bayes’s Rule to calculate P..

  The incremental annual taxable income

Zeon, a large company has a regular taxable income of $350,000. The company is considering adding some automatic equipment to its production facilities. An investment of $120,000 will produce an initial annual benefit of $89,000 however the benefits ..

  Krispy kremes current worth and cash flows

Strategy and Performance - Krispy Kreme's current worth and cash flows

  What is the nash equilibrium

If the firms compete on the basis of (continuous) price, which duopoly model explains what happens?  What kind of a game is this?  If the firms compete a fixed number of times, what is the Nash Equilibrium? Why does this happen?

  A firm has two prodcuts and two customers customer 1 is

a firm has two prodcuts and two customers. customer 1 is willing to pay 9 for product a and 4 for product b. customer

  Analyze different stakeholders that involved in externality

Analyze the different stakeholders (i.e., government, three affected parties) that are involved in the externality, and identify what their roles are with regard to the externality.

  What should happen to the equilibrium price

What should happen to the equilibrium price, interest rate, and quantity of bonds today if people expect that these bonds will be worth half as much in the future? Use simplified model of the bond market. A complete answer will include both a g..

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