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Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:
George Foreman was a professional boxer who made a comeback by endorsing grills. Foreman does not own the company that makes the grills, but he became the face of the brand. At first, people were not certain whether he was an expert on grills or fat-free cooking, but Foreman soon became thought of as the expert on this product and this type of cooking. Think of the concept of utility and how Foreman's role as a celebrity endorser affects the marginal utility of these grill products. Answer the following:
Responses to Other Students: Respond to at least 2 of your fellow classmates with at least a 100-word reply about their Primary Task Response regarding items you found to be compelling and enlightening. To help you with your discussion, please consider the following questions:
The firm has an employee who threatens to tell all other firms in the industry about how to implement this new technique. Will it be possible to bribe the employee not to do this Explain why or why not. c What factors will determine the best numbe..
Suppose that people derive utility from two goods---housing (H) and all other consumption goods(C).a. Show a typical consumer's allocation of his or her income between H and C
Prepare a 2-3 page paper in Microsoft Word to address - Describe the ultimate goal of the product campaign for the new shampoo.
Sleak Teak builds yard furniture using domestic hardwoods and (in a smaller shop) knick-knacks form the same sort of wood. Although hardwoods were readily available in the past, recently they have become harder to obtain. Consultation with the man..
The net cash flows from an investment project are -$30,000 in the first year, -$20,000 in the second year, -$6,000 in the third year, $1,500 in the fourth year, $5,000 in the fifth year, $15,500 in the sixth year, and $66,000 in the 7th year. Calcula..
in the 1970s congress imposed an excess profits tax on these companies. it did not do so this time? what does this
After reading about the Solow growth model, which concludes that continued economic growth requires continual innovation, and Schumpeter’s dynamic growth model, does the combination of these two models provide an adequate model of technological chang..
Normal 0 false false false EN-US X-NONE X-NONE An investment of $5000 in B..
Marketing mix is the controllable set of activities that the firm uses to respond to the wants of its target markets. Create a 300–400 word response on the marketing mix and submit to this discussion thread.
Discuss on relationships between production and cost, highlighting the equivalence between diminishing marginal productivity and increasing marginal costs.
Which of the following is an example of a two-part tariff? Which of the following industries is most likely closest to achieving perfect price discrimination?
In a market economy, the price system facilitates allocation of resources. Discuss how a manager may contribute to the profit maximization goal of a firm by studying managerial economics.
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