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Name some marketing techniques and styles that you have encountered that demonstrate many of the strongpoints we learned in this course.
Consider a market where the price of the production is determined by p=60-Q. Initially there are Three Firms which all produce the same product. All three firms have zero marginal cost and zero fixed cost. In Nash equilibrium, all firms produce the s..
SMS, iMessage, and WhatsApp are all smartphone real-time messaging systems. After doing some research on the Internet, for each of these systems write one paragraph about the protocols they use. Then write a paragraph explaining how they differ.
In the profit-maximizing monopolist sets it price:
A newspaper recently lowered its price from $0.50 to $0.30. As it did, the number of newspapers it sold increased from 240,000 to 280,000 (4 points) a) What was the price elasticity of demand for this newspaper (Arc/ mid-point formula)? What was the ..
The war in Iraq comes to an end. Iran and Afghanistan lay pipes to generatemore oil. The United States and Venezuela enter into an era of friendship. Which of the following correctly captures the effect of this change on the market forgasoline?
The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past several months, as TVC = 3450 + 20Q + 0.008Q2 where TVC represents the total variable cost and Q represents pairs of shoes produced per week. Describe ..
About 5% of the population has a particular genetic mutation. 400 people are randomly selected.
After learning the basic estimation techniques, which of the following regression models below will you choose to explore how population and income.
Discuss the conditions under which the Federal Reserve influences the value of the dollar. Included in your answer MUST be an examination of how/why the Federal Reserve would sell dollars to banks ans well as how/why the Federal Reserve would buy dol..
According to the BLS, the CPI rose 3.8% in August of this year compared to a year earlier. Food prices rose 4.6% and clothing prices were up 4.2%, while new car prices rose 3.8%, and medical care was up 3.2%. What percentage change in the CPI up unti..
An MBA student has proposed the following demand equation for good Y. QdY = a + b PY + c M where: QdY = quantity demanded of good Y in millions of tons per year PY = Price of good Y in dollars per ton M = Average consumer income in thousands of dolla..
Under free trade, Argentina exports beef. Its government imposes a tax t on exports. Draw and label a diagram to show what happens to Argentine beef consumption, production, exports, domestic prices, consumer and producer surplus
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