Nonmonetary cost associated with purchasing car

Assignment Help Business Economics
Reference no: EM131388840

1. Which of the following is a nonmonetary cost associated with purchasing a car?

a. The interest rates on the car loan

b. The registration of the car

c. The excise taxes paid on the car

d. The recurring monthly installments for the car

e. The time taken to test drive various car models

2. ___ are commonly determined by ranking people into higher or lower positions of respect.

a. Social classes

b. Social roles

c. Reference groups

d. Market segments

e. Functional teams

Reference no: EM131388840

Questions Cloud

Advantages of using paper money rather than potatoes : What are the advantages of using paper money rather than potatoes?  What is MI? How large is the latest measure of MI? How much has the money supply increase or decreased over the last year.
Calculate the losses in well-being each year : Suppose the marginal social cost of television sets is $100. This is constant and equal to the average cost of television sets. Calculate the losses in well-being each year that would result from a law limiting sales of television sets to 100,000 per..
A marketing manager is primarily responsible : Which of the following is an advantage of a sole proprietorship? Which of the following statements is true about businesses and profits? A marketing manager is primarily responsible for:
Corporate taxable incomes : corporate taxable incomes
Nonmonetary cost associated with purchasing car : Which of the following is a nonmonetary cost associated with purchasing a car? ___ are commonly determined by ranking people into higher or lower positions of respect.
Monopolist charges discriminatory prices : A monopolist charges discriminatory prices to two different groups of customers, Group 1 and Group 2. You are hired as a consultant and find out that the marginal revenue from a sale to a Group 1 customer is less than the marginal revenue from a sale..
Describe the distribution division problem : Now assume that the firm is divided into two profit centers: the assembly division and the distribution division. The assembly division assembles the product at a total cost of 500 x Q and then transfers it to the distribution division that faces the..
What is firm profit maximizing retail price and quantity : Damsung Company assembles television sets. The demand curve for its TV sets is given by P = 3,000 - 10Q, where Q is the number of TV sets sold and P is the price. Solve Damsung Company's problem: what is the firm's profit maximizing retail price and ..
Repeated interaction without explicit communication : Two firms, 1 and 2, individually choose and simultaneously submit a bid price for a given product. They can submit either a high price or a low price. If both firms bid high, the resulting payoff for each firm is $80 million. Assume there is repeated..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Saving rate be to achieve the golden rule level of capital

Illustrate what must the saving rate be to achieve the Golden Rule level of capital.

  Oil and gasoline prices in the united states

Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.

  What is the significance and role of hospital foundations

What is the significance and role of hospital foundations? Research, describe and discuss some contemporary hospital foundations. Be sure to include references.

  Disequilibrium as there is recessionary gap

The economy is starting from a point of disequilibrium as there is a recessionary gap. Potential GDP is $600 billion and the recessionary gap is $50 billion. An economic shock then hits this economy and there is a sudden drop in the value of the Cana..

  Economic-cultural-political and environmental

What can be said about the benefits and problems of each dimension (economic, cultural, political and environmental) of globalization? Is globalization a positive force overall? Why or why not?

  Providing substantial stimulus to the national economy

In a new study business school professors Christian Broda of the University of Chicago and Jonathan Parker of Northwestern University conclude the stimulus payments "are providing a substantial stimulus to the national economy, helping to ameliorate ..

  Which of the following statements best describes the concept

Which of the following statements best describes the concept of a binding price floor. Suppose that the equillibrium price of donuts is $1.00 per donut.

  Sells price-elastic products or price-inelastic products

Think of another good that you have purchased recently Be specific (e.g. is it breakfast cereal in general or Cheerio’s cereal specifically). If the price of this item increases, how would this affect the quantity of the good that you consume? Would ..

  Three possible investment opportunities for period

Linda inherited a sum of $50,000 from one or her great parents. She would like to invest in one of the following three possible investment opportunities for a period of 10 years. Choose the best one for her.

  Supply-demand diagrams with and without international trade

International firms can supply as much or as little steel as they want at a price of P = 80. Draw the supply and demand diagrams with and without international trade? What is the market clearing price and quantity if international firms can sell in t..

  When considering whether to hire additional units of labor

Firms consider the __________ wage when considering whether to hire additional units of labor. A comparison of the average growth rates across time for developed nations indicates that: What would be a way for the Federal Reserve to slow down the eco..

  Required to meet in order to ensure product safety

Many legal standards exist that businesses are required to meet in order to ensure product safety. These standards tend to be well defined, and adherence is a generally accepted risk mitigation strategy. Less quantitative risks exist, often in the ar..

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!

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