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For your primary post I would like you to pick something that you are familiar with (e.g., motorcycles) and describe what changes in the general economy, technology, or public perception would cause a shift in consumer demand for that good. Do not talk about changes in prices for that good because that would simply change the quantity demanded.
In 1996 dairy farmers, hurt by a decade of low milk prices, began reducing their herds. Subsequently Kenneth Hein, a Wisconsin farmer, said he was getting $16 per 100 pounds of milk, rather than $12, which he had gotten earlier. Why did the price inc..
What is the dollar value of the deadweight loss when output level Q3 is produced? What is the total surplus when output level Q3 is produced?
Two weeks later, Nina arrives and demands to purchase 15 of Seth's cars. Is he obligated to sell?
Weigh the risk also benefits of outsourcing internationally by corporate America for the standard working person.
AppsAlot is a small company that develops a variety of apps for smart phones. Management desires to raise $10 million in funds to initiate and continue various projects. With that funding, they project an earnings (net of all expenses except capital ..
Suppose shoe manufacturers can substitute between labor (L) and capital (K) in producing shoes. Further suppose that due to global competition the price of capital equipment used to produce shoes has decreased significantly. Using an isocost-isoquant..
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firm’s likely use for each type of good and why?
Differentiate between Anticommunsim and McCarthyism , the perpective from which the media in 1947 to 1954 covered anticommunism and McCarthysim, american forgein policy desion impact anticommunism
A perfectly competitive firm operates in the short-run with labor as its only variable factor. Its production function is: Q = -L3 + 10L2 + 88L where Q is output per week measured in tons and L is the number of workers employed. The weekly wage is $3..
Sandy and Bob's Manager wants to forecast the number of sales that will require fulfillment in the next five months.
Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1500 deductable), life insurance equal to a year's salary, vacation time based on length of employment with th..
Focus on the ethical dilemmas in testing drugs on human beings. How are those dilemmas changed—made easier or made more difficult—when the issue shifts to testing drugs on animals?
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