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Role of Advertising
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm.
a. Describe the business and its likely main competitors.
b. How would you structure your advertising and customer service to differentiate your product/service?
c. How easy would it be for new competitors to enter your market and erode your customer base or selling price?
d. What would be your prognosis for the long term profitability of such a business?
e. What could you do to protect that long term profit stream
Considering the market for loanable funds, how does the severity of crowding out depend on the slope of the supply curve?
the comnpany offered to pay his debts in one lump sum if he would pay the company $308.29 per month for the next 36 months. What monthly rate on interest is the loan company charging on his transaction?
q1. if a monopolist has an own-price demand elasticity of -.8 is it maximizing profits? explainq2. what are some
q. define the values for following parametersa1b2c10graph f and g as a function of d over the interval 010.when you try
Producers will be made to pay a tax for each beer sold. Use a graph to elucidate why the tax burden will not actually fall on the people that this person wants to punish.
If my preferences are such to I am indifferent among apples also mangoes but I prefer mangoes to cantaloupe then draw my highest indifference curve.
Assume that the central bank of an economy contracts the money supply.
You can either imagine which your organization has received a complaint from a customer or client about a product
If the Federal Reserve had maintained a constant money supply in the face of this change, what would have happened to the interest rate.
Decrease DEMAND (finding alternatives to oil). Graph how these two changes will bring about lower gas prices. Which school of thought do you subscribe to?
Elucidate the impact does the dollar appreciation have on the firm's international competitiveness.
The market where business sell goods and services to households and the government is called
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