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Q1. Soft selling occurs when a buyer is skeptical of the quality of usefulness of a service or product. For example, assume you're trying to sell a company a new accounting system which will reduce costs by percent (%) 10. Instead of asking for a price, you offer to give them the product in exchange for percent (%) 50 of their cost savings. Elucidate the information asymmetry, the adverse selection problem also why soft selling is a successful signal.
Q2. Since 1950 services have risen as a percent (%) of GDP. Elucidate the correlation between this increases also labor participation rates by gender over the same period
Assuming that your opportunity cost funds interest rate is 5% which refrigerator would you buy and why.
The People's Bank of China, the country's central bank, raised the reserve requirements of its top commercial banks to put a squeeze on the credit market
A competitive advantage furthermore earns a life span income of $6 million moreover the non-steroid user earns $1 million.
Has the U.S. economy experienced inflation or deflation during recent recessions.
If the market is made up of 100 individuals with demand curves identical to Mr. Smith's, Illustrate what will be the point also arc elasticity for the conditions specified in parts a also b
During the purchasing decision, evaluation stage, the consumer forms preferences among the brands in the choice set.
For each of the determinants of demand in Equation identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles.
The client would like to know what output level should it select that will keep the competitor from changing its output.
Distinguish between the resources market and the product market in the circular flow model.
Four students from your economics class are sitting in a local restaurant Talk about the marketplace for coffee.
If planned aggregate expenditure (PAE) in an economy equals 2,000 + 0.48Y and potential output (Y*) equals 4,000, then this economy.
What s the general pattern of the US income distribution over the last century. Explain about the timing of the changes.
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