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Consumers regard Dell computers and Gateway computers as substitutes. If the price of a Dell computer decreases
a. the demand for Dell computers will increase
b. the demand for gateway computers will increase
c. the demand for gateway computers will decrease
d. the supply of dell computers will increase
Determine the difference in the present worth values of the following two commodity contracts at an interest rate of 8% per year.
Assume that country A can produce a unit of good X with 1 labor hour and a unit of good Y with 3 labor hours. Country B can produce a unit of good X with 2 labor hours and a unit of good Y with 8 labor hours. Labor is the only resource used. What wou..
Suppose Mayor Strange comes to you and asks you whether or not Montgomery, AL should bid for 2024 Olympics. He says that a group of economic consultants has said it will be a major boon for Montgomery’s economy. What kind of things did they likely cl..
Let S(t), I(t) and N(t) be the Savings, Investment and National Income at time t. Domar Macro model assumes that savings are proportional to the national income, and that all savings are invested proportional to the rate of increase of national incom..
Bank regulators are required to examine and report on the health of financial institutions. How does the bank reserve ratio requirement affect its lending ability? How do “sweep” accounts help banks avoid their reserve requirements? How do money mark..
The United Nations Environmental Programmed GEO5 Report issued in 2012 founded that "burgeoning populations and growing economies are pushing ecosystems to destabilizing limits." The Report notes a change in emphasis from a focus on environmental "dr..
I don’t know why he uses ‘literally’ when he means ‘figuratively.’ He did not actually die of hunger. I really liked the short story “How to Tell a True War story.” Listerine was originally intended as “a refreshing additive to cigarettes, a cure for..
Suppose that the U.S. economy is initially in Long Run Macroeconomic Equilibrium. An increase in the corporate income tax rate will lead the U.S. ____ curve to shift and create a(n) ____.
Pricing has been the most important P historically. Technology has improved the position of P for place. So is price still important? Remember Apple vs. Samsung. Remember competition. Remember your target market. Tell me how you would price your prod..
If the demand for a final product rises, then this results in
What is player 2's maximin strategy? If the game were played with Player 1 moving first and player 2 moving second, using the backward induction method, what strategy will each player choose?
Why should marketing be concerned with disposal of a product as the last stage in the consumer decision process?
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