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Please share your understanding of the relationships between expenditures and sales. You are encouraged to discuss all of the marketing, advertising, promotions, and any other expenditure related to sales. Please focus on the empirical and graphical relationship among the two, as well as the risks of relying on historical data, in your posts.
Define scarcity and opportunity cost. What role these two concepts play in the making of business decisions? What is Marginal Analysis ? (b) Why Is Marginal Analysis Important in Economics? (c) What is the role of Marginal analysis ?
problem 1. perfect competition consider an industry in which there are 10 identical firms and 1000 identical consumers.
Suppose initially that the demand supply for premium coffees is in equilibrium. Now suppose Starbucks introduces the world premium blends, demand increase substantially.
select a small business that you may want to start. jeans company or human resource consulting firmdescribe what is
If you have a private-ownership right to something, what does this mean? Does private ownership give you the right to do anything you want with the things that you own? Explain. How does private ownership influence the incentive of individuals to
The following figures are based on budget estimates of Government of India for the year 2001 – 2002
An accountant for a car rental company was recently asked to report the firm's cost of producing various levels of output. What is the average fixed cost of producing 2 units of output? What is the average variable cost of producing 2 units of output..
Antitrust laws attempt to prevent monopolies from A. imposing large welfare losses on society B. producing too much output and flooding the market C. reducing barriers to entry D. pricing products too low. A monopolistically competitive firm is cha..
suppose you are a regulator in charge of allocating water between residential and agricultural users farmers in
what are the potential consequences of a country having a large overall national or public debt? if you were in the
Suppose the demand for a product is given by P = 40 4Q. Also, the supply is given by P = 10 + Q.? assume that there is a $10 per unit excise tax levied on the consumers of the product?
when making decisions about marketing production and cost sources factors such as pricing nonprice barriers to entry
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