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In a product-based venture, the text discusses that the marketing mix consists of five Ps, whereas the marketing mix for a service industry is eight Ps. Why do we need to have a different marketing mix of the five P's for product- and service-based businesses?
1: Solve the equations to determine equilibrium price. 2: Now determine equilibrium quantity.
Globalization has enriched our cultural lives and has brought a number of economic benefits. At the same time, it has also been the source of disruptions, some of them, like lost jobs, quite serious. Discuss the pros and cons of restraining globaliza..
Prepare a composite (weighted) index for housing construction costs in 2008 with the following data:
Suppose that the authorities had effectively prohibited price-gouging and somehow managed to ensure that their action had no effect on the quantity of ice in the area. What would have been the effect on social welfare?
Illustrate car production is capital intense relative to textiles. The US is capital abundant and China is labor abundant. Under trade, both countries produce both goods. If the labor endowment were to increase in the US, this would.
Suppose the total cost of producing 40,000 flash drives is $120,000 and the fixed cost is $30,000. What is the variable cost? When output is 40,000 what the average variable cost and the average fixed cost?
Suppose the employees of Starbucks in China are paid 8 yuan per hour and a cup of coffee is priced at 8 yuan. If Starbucks is maximising its profit, What is the value of marginal product of labour (VMPL) per hour of the last worker employed by Starbu..
Demand is measured on the vertical axis and supply on the horizontal axis. The law of demand states that there is a direct relationship between supply and demand. Excess demand in the market will cause the price of a product to decline. Antiques woul..
Leena spent $100 per month on pens (X) and CDs (Y) at the Enron company store. Pens cost $2, and CDs cost $5. In July 2015, Leena purchased 15 pens and 14 CDs. Her utilometer readings at the end of the month showed that the marginal utility of the la..
In order to discuss a health system from welfare economics point of view and to understand whether it is efficient and fair in Turkey, I will examine for OECD Reports. However, I need to use some economic theories & methods for my essay. I research s..
q1. for each of the following events answer the following1 how would this event affect the money supply?2 what sort of
In a situation of a fixed exchange rate, explain why, in the monetary approach, an excess supply of money leads to a balance-of-payments deficit. Why is the deficit only temporary? How might advocates of the monetary approach explain a long-lasting d..
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