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Q1. You have been hired to be a consultant on pricing strategies for two different companies. Both of the companies have similar customer bases in that their customers fall into two well defined groups: college students and young well-paid professionals.
Q2. When McDonald's introduced its Dollar Menu strategy in Fall 2002, why was the company hoping the demand for its product was elastic? Did this turn out to be the case? Why or why not?
Q3. Identify one positive or negative supply shock in the last decade and what is the impact that the shock has had in our economy?
Over the past year price inflation has been 10% but the price of a used ford escort has fallen from $6000 to $5000. The real price of a ford escort has fallen by Elucidate how much.
Explain how do you expect the supply and demand of your selected good to change in the next year. Relate you expectations to the price and quantity of the good in the marketplace.
Frequently result from radioactive transportation accidents due to the large number of such shipments
If the goverment of Langkawi decides that it cannot wait for the economy to self-correct in the long-run, what policy action could it posibaly take now? what trade offs,if any, will it have to be prepared to make in term of economic outcomes?
Susan was given 2 packs of bubble gum and 30 hats, and Cathy was given 8 packs of bubble gum and 10 hats. Susan and Cathy derive utility from hats and bubble gum from the following utility functions: Susan
Illustrate what is the quantity of economic investment that has resulted from BBQ's actions
Why are usage-based insurance rates lower than at-rate insurance fees? Give two separate reasons and explain.
make a recommendation to your neighbor based on convincing economic analysis.
Every alternative has a value for bill as described in the subsequent. Illustrate what is bill's prospect cost for attending class
What is the point, based on the Equimarginal Rule, which has equal marginal benefit (or the closest) for the two purchases?
Explain what happen if all workers and jobs were identical, there would be just one wage rate, assuming perfect information and costless mobility.
Suppose a unit of quota rights allows the producer to sell a unit of output each year indefinitely into the future. Illustrate what increase in consumer prices will occur.
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