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Q. Consumer Behaviour9. Upon merging with West German economy, East German consumers indicated a preference for Mercedes-Benz automobiles over Volkswagens. However, when y converted their savings into deutsche marks, y flocked to Volkswagen dealerships. How can you explain this apparent paradox?
Elucidate the relationship between MC and AVC that causes MAC to intercept AVC at AVC lowest point with economics.
An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop.
Elucidate how much income in addition to his lottery earnings would Fred need to go out and find to be as well off as he was with the allowance.
Elucidate how if at all among the following events affects the location of a country's production possibilities curve.
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals.
How many workers should the firm hire if the price of the output is $10? Suppose the price of the output falls to $7.50. Illustrate what do you think would be the short-run impact on the firmâ??s production.
the average price level is $4 per unit also the quantity of money. Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units.
Elucidate the role of differentiation in the market for pizza. Then apply the feedback critique to the role of differentiation in the industry.
Explain how did the marketer of which product you purchased direct each of those four elements of the marketing mix to influence your purchase?
By defining its business as printing books instead of empowering imaginations, a children's book publishing company would more than likely experience.
Illustrate what implicit assumptions is the publisher also the analyst making about price elasticity.
Some economists have suggested that the best way to control medical costs is to remove the profit incentive for health care providers, particularly hospitals.
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