User Account

All Pages

Discuss how revenues of inferior goods producers

Assignment Help Business Economics
Reference no: EM131196761

Normal and inferior goods are differently impacted by recessions. Examples include new cars versus fast food. The textbook examples include jewelry, gourmet pet food, dollar general stores.

For this assignment, research four other examples of inferior goods. In addition, discuss how revenues of inferior goods producers are expected to be affected by economic recessions and expansions.

Reference no: EM131196761

Questions Cloud

Find the total revenue and marginal revenue function : Suppose you have the following hypothetical demand or sales function. Qx= -4Px+2Py+0.20I+0.04A and PX = $200, (price of good X) PY =$230, (price of good Y) I = $1,500 (disposable per capita income) A =$12,000 (advertizing expenditures). Calculate exp..
Find the probability of customer : Among eight used photocopiers in supply today, three are malfunctioning. A customer wants to lease four of these machines immediately. Hence four machines are quickly selected and sent out, with no further checking.
Concepts of marketing : What are the five concepts of marketing and how do they affect consumers?
Subject of key assignment marketing plan : Identify a brand that is in need of repositioning. This brand will be the subject of your Key Assignment marketing plan. You may look here for ideas.
Discuss how revenues of inferior goods producers : Normal and inferior goods are differently impacted by recessions. Examples include new cars versus fast food. The textbook examples include jewelry, gourmet pet food, dollar general stores. For this assignment, research four other examples of inferio..
Prepare the acquisition analysis : Prepare the acquisition analysis assuming that Bosco Ltd uses the full goodwill method when accounting for non-controlling interests.
What generally accepted signal words for safety warning sign : OSHA's HazCom Standard requires one of eight specific pictograms be included on container labels. For four of the pictograms, provide an example of a chemical that would require its use.
Traditional marketing is also applicable to services : "Traditional marketing is also applicable to services".The only difference is that it has to be applied to the services sector. Discuss
Analyse an existing human activity system : 1803ICT - 7610ICT INFORMATION SYSTEMS FOUNDATIONS - analyse an existing human activity system within the hospital's overall business that suffers from issues and needs improvement, and also to suggest a new information system for a specific purpose..

Reviews

Write a Review

Business Economics Questions & Answers

  What is the domestic price per bike after subsidy

The country in this example is a large exporting country. Initially, the country exports motorbikes at the world price of $96. Motorbike producers lobby heavily and receive an export subsidy. What is the domestic price per bike after subsidy? What is..

  Investing for dummies

Indicate whether each of the following is counted in this year’s GDP: a. you bought a new Wii at GameStop last year and resold it on eBay this year. b. You purchase an “Investing for Dummies” book at Barnes and Noble. c. You purchase a historic home ..

  Find out the value of Equity Multiplier using ROA and ROE

Suppose Regions Bank has initially $10 million in reserve, $50 million in securities and a borrowing of $5 million from National Bank. Its total deposit is equal to $50 million. The desired reserve ratio is 10%. Would you recommend any actions for th..

  It was transitioning from antiquity to the middle ages

We have seen that the world saw a great deal of change from 300-900 as it was transitioning from antiquity to the Middle Ages. What do you think were the TWO most significant changes/differences? Your answers can extend to religion, politics, and cul..

  Optimal amount of consumption and leisure

Problem 1: Shelly's preferences for consumption and leisure can be expressed asU(C, L) = (C - 200) * (L - 80). There are 168 hours in the week availableto split between work and leisure. Shelly earns $5 per hour after taxes. She alsoreceives $320 ..

  What is the socially optimal level of consumption of good

Suppose that demand for a product is given by Q=1000-P. Supply of the product is given by Q=2P. There is a positive consumption externality from this product, in the amount of $5 per unit. What quantity of the good is consumed under the private marke..

  Explain how the internet changing the music industry

Explain how the Internet changing the music industry. Explain what role do households play in the market for inputs and explain what role firms play. Students arriving late to class are a potential negative externality because their tardiness may int..

  How changes in government spending also taxes positively

Elucidate how changes in government spending also taxes positively do or negatively affect the economy's production also employment.

  The marginal propensity to consume

Calculate the government-spending multiplier in each of the following examples.

  Explain how the quantity theory of money reaches conclusion

Explain how the quantity theory of money reaches the conclusion that the normal effect of an increase in the money stock is a proportional increase in the price level.

  Q1project a will cost 2533000 and will return 1000000 at

q1.project a will cost 2533000 and will return 1000000 at the end of 5 years and 4000000 at the end of 10 years.

  Where does the incidence of the tax lie

Assume that the government places a 50 percent tax on widgets. Neither the demand for widgets or supply of widgets is perfectly elastic or inelastic. Draw a graph showing how the tax will affect the market. Where does the incidence of the tax lie? Ex..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd