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Q. 1. What core product is MCC offering in Smart Car? What actual and augmented parts of product?
2. Into which consumer product classification does Smart Car fall? What are implications of this classification for MCC's marketing strategy?
3. What individual product decisions and product line decisions has MCC made for Smart Car? Why did it make these decisions?
4. What marketing recommendations would you make to MCC?
5. What recommendations would you make to MCC when it decides to enter U.S. market?
Let customer's tastes change so that consumers now demand 100 more units at each price. When the cost of the good is $50, elucidate how many units of the good are demanded?
Given that the demand for tickets is a binomial random variable with parameters n = 10 and p = 1/2, illustrate how many tickets should she buy in order to maximize her expected profit.
If at an interest rate of 7 percent, planned investment is $2 trillion, government spending is $3 trillion, net taxes are $2.8 trillion, and household saving is $2.2 trillion, what is the quantity of funds demanded at an interest rate of 7 percent..
A firm has developed a new product for which it has a registered trademark.
Discuss how each of the 4 factors contributed to the elasticity of the good.
Elucidate how that a profit-maximizing bundle will typically not exist for a technology that exhibits increasing returns to scale
Elucidate which of the following U.S. policies and institutions may negatively influence U.S. long-run economic growth.
An increase in the number of varieties of a good regarded as a gain from trade. Can you think of economic disadvantages associated with greater product variety.
Wilpen plans to charge a wholesale price of $1.65 per can. As the average value of tennis racket is $110, and average household income of consumer is $24,600.
A survey of economists revealed that more than three-fourths of them agreed with a number of statements, including which of the following.
In 2012, Balnur taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2013, she quit teaching, stopped renting out her basement, and began to use it as the office for her new Web site design business.
A company manufactures radios. If x is the number of radios that retailers are likely to purchase. Elucidate the revenue function of the manufacturing company.
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