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Our expert's response to: Economics
Select a country other than one in North America.Prepare a 775 word paper in which you compare and contrast marketing in your selected country and in the United States. In your comparison, be sure to analyze the marketing environments of each country including, but not limited to cultural, political, legal, and economic influences.
Elucidate the roles played by total utility and marginal utility.
Suppose you are provided with the following production relationships, where the input is fertilizer (pounds per acre) and the output is rice (cwt per acre). Using graph paper, please graph AVP, MVP, and MFC
Suppose a frost kills a large portion of an orange crop, with a resulting higher price of oranges. It has been said that such an increase in price benefits no one since it cannot elicit a supply response; the higher price, it is said, simply "line..
Elucidate considerations would guide a profit maximizing company in deciding how to allocate its research budget.
Briefly accounting describe two limitations of national income. On the basis of these data calculate GDP, GNP, NDP, NI, PI, and disposable personal income.
Using above demanded schedule, find out the elasticity of demand for each price change. (Example: when price changes from $5 to $10, quantity demanded changes from 1000 to 800 oz., so the elasticity of demand, by using average values, is 1/3 or 0...
Describe the firms optimal advertising-to-sales ratio.
There are many factors might change AD and AS, and equilibrium. Please evaluate the effect of following scenario on the AD curve, AS curve, and accordingly the effect on equilibrium price level and equilibrium GDP/output.
Emily makes cartoons whioch she sells to her classmates. Her average product of labor is 5 cartoons every hour if she works for one hour, four per hour
Use the price-cost formula to determine whether or not the firm's operations are productively-efficient. (e) Use the price-cost formula to determine whether or not the firm's operations are allocatively efficient.
Illustrate what are the benefits and drawbacks of dynamic pricing for that particular company.
Explain how might a high school student's experience with inflation differ from an employed urban adult.
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