User Account

All Pages

Demand for gym memberships

Assignment Help Business Economics
Reference no: EM132559439

1. Suppose there is a permanent decrease in demand for gym memberships. Explain how you think this would impact profits for firms in that market in the short run, and in the long run.

2. Use the concept of externalities to explain why if left to private decisions, the usage of face masks to prevent the transmission of COVD-19 is likely to be inefficiently low.

Reference no: EM132559439

Questions Cloud

Determining the type of unemployment : Consider the individual described below. Which type of unemployment would you suggest that they most likely belong to? Explain.
Explain the meaning of each ratio : Explain the meaning of each ratio. (What information does it provide?) Do companies want the ratio to be a higher or a lower figure? Why?
Discuss about the crime control vs due process : For many years, New York City suffered from very high rates of both violent and property crime. In 2001, the September 11 attack brought down the World Trade.
Humans to truly understand the implications : Their is little doubt we are living at time when technology is advancing at pace that some believe is too fast for humans to truly understand the implications
Demand for gym memberships : Explain how you think this would impact profits for firms in that market in the short run, and in the long run.
Deterrence is designated to dissuade potential violators : Deterrence is designated to dissuade potential violators from launching threat and criminal acts against organizations.
Prepare the related journal entries for the year ended : Identify the type of lease in the case above and justify your answer based on the standard. Prepare the related journal entries for the year ended 2017 in Books
Explain why it would generally not be considered : Explain why it would generally not be considered wise economic policy for a government to attempt to achieve a balanced budget every year.
Import-competing industries : Iron ore is Australia's largest export. Suppose that there was an unexpected decrease in demand for Australia's iron ore exports

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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