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Read the Apply your knowledge on page 86 'What Would You do?"
Which Offer? You will graduate from college in several months and are planning a career in public relations. After several interviews, you receive two job offers. One is from a high-technology company that develops and sells electronics and specializes in mobile technologies. The corporate communications department has approximately 20 professionals, and it is customary for beginners to start in employee publications or product publicity. Later, with more experience, you might be assigned to do marketing communications for a product group or work in a specialized area such as investor relations, governmental affairs, or even community relations. The second job offer is from a local office of a large, national public relations firm. You would be- gin as an assistant account executive and work on several accounts, including a chain of fast-food restaurants and an insurance company. The jobs pay about the same, but the corporation offers better insurance and medical plans.
Taking into consideration the pros and cons of working for public relations firms versus corporations, decide which job would best fit your abilities and preferences. Explain your reasons to your classmates using the discussion board.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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