Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Fast goods for fast lifestyles
Working the longest hours in Europe has turned the British into ‘convenience seekers' demanding consumer goods to fit their hectic lifestyles. Consumers who are too tired, or have too little time, to cook are turning more and more to convenience foods, which have seen a 68% increase in sales since 1992 (current prices) compared with a 33% growth of the food market overall. Sales of analgesics (pain relief remedies) increased by 50% in real terms over the same period. Some analysts have interpreted this as a trend for self-medication and self-diagnosis by people too busy to consult a doctor. Retailers are cashing in by offering ‘fast fashion' for women who want to make fast purchasing decisions and update their wardrobe more often. There is a similar trend in tourism where pressures of work and longer hours force holidaymakers to take more short breaks. UK residents took over 39 million holidays abroad in 2001, with Spain the most popular destination (26% of holidays abroad). Spending on airfares has increased by 57% over the last 10 years.
Question
1. Identify other likely winners and losers from the trends in this case study.
The production function is given by W=F(L)=8*L^.5 and the marginal productivity MPL=4/L^.5. If widgets sell for $10, the price of labor is $8/hour, and there is a fixed cost of $25. What is the cost function C(W) for this production technology.
on juans twenty-sixth birthday he deposited 6000 in a retirement account. each year thereafter he deposited 1000 more
In December, the price of Christmas trees rises and the quantity of trees sold rises. Is this a violation of the law of demand? Explain your answer.
Characterize the competitive equilibrium, and show that it coincides with the solution to the optimal growth problem.
Compare and contrast the fiscal health of the U.S. with that of at least one other nation over time. Give your estimation of the economic outlook/prospects for each.
Suppose that an investor has a choice between buying this security or purchasing a different security that also costs $3,000 today but pays off $3,300 with certainty in one year. How is an investor's choice of which security to purchase related to..
This theater shows unusual films and treats early-arriving movie goers to live organ music and Bugs Bunny cartoons. If the theater is open, the owners have to pay a fixed nightly amount of $500 for films, ushers, and so on, regardless of how many ..
The maintenance for a bus, whose life is 10 years, is $1500 per year starting the fourth year, increasing by $200 for each successive year. The interest rate is 5% per year. What is the present worth of maintenance cost
We wish to apply negative feedback with K = 1 around the three-stage amplifier shown in Fig. 12.67(a). Neglecting other capacitances and assuming identical stages, plot the frequency response of the circuit and determine the condition for stabilit..
Some people have the opportunity to invest in stocks in a tax-advantaged retirement plan, such as a 401(k) plan. Consider the difference between Andy, who is able to save in a tax-advantaged plan, and Ben, who must pay taxes on his return each yea..
Show that expenditure on agricultural goods increases at the same rate as aggregate output.
What is the impact on the level of real GDP demanded, assuming the price level remains unchanged?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd