Roses increases by more than the price of greeting cards

Assignment Help Microeconomics
Reference no: EM13957970

On Valentine's Day, the price of roses increases by more than the price of greeting cards. Why? (Hint: Consider what makes roses and cards different and how that difference might affect supply's responsiveness to price.)

Reference no: EM13957970

Questions Cloud

Given the preceding, as a function of i : Given the prededing, as a function of i, what is the probability that any of the remaining people have the disease.
Show that ratio of magnetic moment to angular momentum : Suppose that an electron is a small spherical shell of mass m with a charge e spread over its surface. Show that the ratio of the magnetic moment to the angular momentum of such an electron would be e/2m, whether the electron is (a) moving in a ci..
Delivery service for of downtown and suburban businesses : Timely Transport provides local delivery service for a number of downtown and suburban businesses. Delivery charges are based on distance and weight involved for each delivery: 30 cents per pound and 20 cents per mile. Also, there is a $40 handling f..
What was the proximate cause of the accident : What was the proximate cause of the accident? A product is "unreasonably dangerous" when it is dangerous beyond the expectation of the ordinary consumer. Whose expectation-Calles's or Jenna's applies? Does the lighter pass this test
Roses increases by more than the price of greeting cards : On Valentine's Day, the price of roses increases by more than the price of greeting cards. Why? (Hint: Consider what makes roses and cards different and how that difference might affect supply's responsiveness to price.)
An ethical decision-making model : Choose an ethical decision-making model from among the following three discussed in the lecture and other readings: Nash's 12 Questions for Moral Choices, Kidder's Ethical Checkpoints, and Uustal's Ethical Decision-Making Model. Apply your chosen ..
Form related table with entries that are relative frequency : A music store has jazz, classical, country western, and rock music albums on tapes and CDs in the following quantities:
What is the pressure difference between the outer rim : For a hurricane of radius 330 km, the 'eye' is a circular area whose radius is about 10% that of the entire hurricane. If the air swirls around the 'eye' at 165 km/hr, and if the angular momentum of the air swirling in from the rim to the eye is r..
Uniqueness theorem for first order equations : What is the relevance of this initial value problem to the Existence and Uniqueness Theorem for first order equations?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd