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“This company is so unfair! They obviously don’t care about their customers. They __________!” complains Cindy Consumer. (the blank could be filled in with statements like: “They won’t discount their product like that other company,” or “(a hotel) charge a much higher price than other hotels in the area,” or “they used to take returns no questions asked, but now they have lots of restrictions.”)
1) Explain to Cindy why economists think her complaints are naïve. (Why firms mistreating their customers may actually be in their customers’ best interest!)
Consider the community in which you live. What is your responsibility within your own community? Explain and provide examples of what you consider your responsibilities.
Mexico also which being free to pollute gives industries in Mexico an economic advantage over those in the U.S. also Canada.
Budweiser (now owned by a Belgium based beer company called InBev), Miller and Coors who together produce 85% of all beer consumed in the US, each spend well over $250 million a year on television advertising campaigns, promoting their beer brands. O..
By reading any business publication gives examples that illustrate one of the four principles of engineering economics. A nearby Dollar is worth more than a distant dollar. All that counts is the differences among alternatives. arginal revenue must e..
Advanced analysis) Answer the next question(s) on the basis of the following consumption schedule: C = 20 + .9Y, where C is consumption and Y is disposable income. REfer to this data. At an $800 level of disposable income, the level of savings is:
How have financial innovations increased the liquidity of home mortgages since the late 1970s? Has this increase in liquidity tended to increase or decrease the interest rate on home mortgages? Explain why.
A perfectly competitive firm will operate and incur an economic loss in the short run if. A perfectly competitive firm's short-run supply curve is the same as its. f firms in a perfectly competitive industry are presently earning zero economic profit..
What 3 concepts are most important to remember about the concept of design? Why, in your view, are these most important things? Give examples with each of these to illustrate your points. What is the MPG illusion? How might using GPM instead of MPG i..
q1. suppose that you can schedule a worker up to four hours per day. the benefit function is given by bh 500h - 22.5h2
Absolute and comparative advantage: Explain how these concepts describe the benefits and costs of international trade.
Clearvoice, a wireless telephone monopolist has 100 consumers, each of whom has a monthly demand curve for wireless minutes of Q=300-100P where P is the per-minute price in dollars. The marginal cost of providing wireless service is $0.30 per minute..
The Fed along with many other central banks in the world has adopted the policy of inflation targeting. Explain what is inflation targeting. What are the advantages and disadvantages of inflation targeting? What is the main difference between Inflati..
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