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What is your price elasticity of demand for gasoline and why? How important is fuel efficiency to you (particularly if you have purchased a car in the past three or four years)? Do your driving habits change as the price of gasoline changes?
Marketing mix is controllable set of activities that the firm employs to respond to the wants of its target markets. Make a report on the marketing mix and keep the following questions in mind:
What is the relationship between productivity and the cost of production, and how does the cost of production vary over the short- and long-run?
What is the negative consumption externality described in this quote? Show this externality on a correctly labelled demand and supply diagram for the petrol market.
What challenges would face the Greek government if they wanted to undertake fiscal policy to address the problems described in b?
Despite the empirical evidence to the contrary, college decision-makers often believe that their price elasticity of demand is essentially zero. Is that right How important were price considerations in making your college decision Would a change o..
Explain the output and price effects which affect the profit-maximizing decision faced by the firm in oligopoly market. How does this differ from output and price effects in monopoly market?
Agricultural commodities are known to have a price-inelastic demand and the be necessities, How can this information allow us to explain why the income of farms falls (a) after a good harvest? (b) In relation to the incomes in other sectors of the..
Aside from humanitarian concerns,what is the one reason on nation is motivated to provivde foreign aid to a less developed country.
The demand for new homes in the United States is often described as highly cyclical and very sensitive to housing prices and interest rates.
Describe how the market economic system works to answer fundamental economic questions. Describe how this may differ from a command economic system.
The long-run aggregate supply curve is vertical at economy's potential output level. Why is the long-run aggregate supply curve situated at his level of output rather than below or above the potential output level?
shut down her business in the short run but continue to operate in the long run. continue to operate in the short run but shut down in the long run.
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