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The threats from substitute products or services is relatively high for energy drinks. Therefore we need to write one point for it. for example Coca Cola's is "Availability: There are many readily available and low price substitutes to the soft-drink industry, like water, beer, wine, hard seltzer, juice, sports drinks, coffee and tea". Likewise we need to write for energy drinks in the factor of availability.
What do economies of scale, the exclusive ownership of essential raw materials used in the production process, and patents have in common?
Elucidate the difference between tariffs and quotas. Who is harmed and who benefits by this restriction on trade.
Opponents of free trade often argue that trade with other countries destroys domestic jobs; it threatens industries that are vital to national security; it inhibits the chances of a new domestic industry from surviving; and that it is only desirable ..
Suppose a worker faces the wage w, has time endowment T, and has non-labor income Y. a. Draw the budget constraint over leisure and money spent on consumption goods (M) for this worker, clearly labeling all points, slopes, etc.
A local store charges 11/2% each month on the unpaid balance for its charge account. What nominal annual interest rate is being charged?
What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available, and individual income is $600, Px=15 Py=10, and they are already purchase 30 units of good X?
Suppose there are two lanes of traffic going in the same direction. The left lane has one percent of the number of cars in it compared to the right lane, and is moving at a fast speed. Would such a move increase or decrease the average speed of all c..
With the ongoing debate about Healthcare and the current efforts to pull the economy out of the doldrums, the question comes up what is the role of government in the free market?
In an application of the Harrod-Domar model, suppose the only final-goods industry in a country is the making of cotton shirts. The factories, machinery and warehouses used in production were purchased previously and are still worth $3 billion. Each ..
Explain how much he finishes up paying each provider every month. Explain how much customer extra he obtains with each provider.
What is the present worth of the savings over the next 5 years? Over the next 10 years?
Suppose the supply function for product Xis given by Q: = -30 + 2 Px - 4 P2• (LO1)
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