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1. Several soft drinks and juice companies are planning to put their names on fresh food and many of their initial forays will be in produce. (For example, Dole introduced freshly packaged salads with croutons and dressing). Discuss 2 challenges that companies might face, while doing so. Also, suggest 2 ways these challenges might be overcome?
2. What are the pros and cons of regionalized marketing, or segmenting products on a geographic basis?
Illustrate who benefits more from a transaction of the good or service, the buyer or the seller. Generally speaking, why do people enter into trade.
Elasticity shows the responsiveness of supply or demand to changes in price. What are the factors exerting influence on price elasticities of supply and demand? Think of another good that you have purchased recently (or you could continue with the go..
Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. To start the business, he cashed in $100,000 in bonds that earned 10 percent interes..
Select at least five (5) economic concepts covered in the first four weeks' readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and supply, e..
Panel B shows how the demand for X shifts when the price of related good Y increases from $60 to $68. Use the information in Panel B to calculate the cross-price elasticity. Are goods X and Y substitutes or complements?
Explain in what circumstances the relationship between interest rates and investment will be direct and in what circumstances it will be inverse.
If price lowered from $10 to $8 and quantity demanded rose from 50 to 51, calculate elasticity; state whether demand is elastic, unit elastic or inelastic and find out how much total revenue was when the price was $10 and $8.
Elucidate " "Clearly explain the factors to consider as your "fixed factor" and alternative short term and long-term decisions. Submit your analysis in a one to three page paper. "
What is the Federal Reserve (Fed) all about? Which Federal Reserve District Bank is closest to you? Who is the current Chairman of the Fed? Should the Fed remain independent from political authority or should the President and Congress have a say in ..
Monopolistically competitive firms is that they do not operate at the minimum of their Average Total Costs – in other words, they could increase production and decrease their average costs – why don’t they?
Suppose your business is currently employing 750 workers, the only variable input, at a wage rate of $48. The average product of labor is 96, the last worker added 6 units to total output, and total fixed cost is $12,000. What is Average Variable Cos..
In a certain kingdom, the demand function for rye bread was q = 381 − 3p and the supply function was q = 5 + 7p, where p is the price in zlotys and q is loaves of bread. The king made it illegal to sell rye bread for a price above 32 zlotys per loaf...
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