Master card has a series of cute commercials

Assignment Help Business Economics
Reference no: EM1321377

Q. Master Card has a series of cute commercials that list a series of accounting items also costs leading to a costless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or costless, everything has a cost. Take something from your experience, that is allegedly free or costless also use the concepts of accounting costs, economic costs, precise costs, implicit costs, opportunity costs also sunk costs to Elucidate why it is neither costless nor free.

Reference no: EM1321377

Questions Cloud

Find the confidence interval for single proportion : Construct a 90% confidence interval for the proportion of all kernels that would not pop.
Computing critical z-value corresponds to confidence level : What is critical z-value which corresponds to confidence level of 88%.
Implicit assumptions are the publishers : The Wall Street Journal's experience after it increased its cost to 75 cents. Illustrate what implicit assumptions are the publishers also the analysis making about cost elasticity.
Chi square test : Chi square test
Master card has a series of cute commercials : Master Card has a series of cute commercials that list a series of accounting items also costs leading to a costless product.
Find the confidence interval for single mean : What sample size would be needed to obtain an error of +/- 10 square millimeters with 99% confidence?
Estimated average starting salary for school : Determine estimated average starting salary for school with average GMAT of 600 points?
Does length of the police contact influence perception : Does length of the police contact influence perception of the contact?
Estimate the optimal selling cost : Express the retailer's monthly profit from the sale of the cameras as a function of the selling cost. Estimate the optimal selling cost.

Reviews

Write a Review

 

Business Economics Questions & Answers

  Profits as the firm makes its choices

Express Illustrate what will happen also why to the firm's average fixed costs, marginal costs, average costs also profits as the firm makes its choices.

  Think of a real-life example of a profit corporation

Think of a real-life example of a profit corporation or small business with which you are familiar.

  Offered a job by cookie monster

Peggy-sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster.

  Bank manager advises all of his loan officers

A bank manager advises all of his loan officers that the average cost of funds for the bank over the past year

  Unobstructed view of a large wooded area

Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.

  Largest gdp decline in a postwar u.s. recession

Elucidate how much income did this represent for each of the 300 million U.S. citizens. Illustrate what was the largest GDP decline in a postwar U.S. recession.

  Aggregate economic effects of the combination

Find out the aggregate economic effects of the combination of the shock to the economy and the government's response to it.

  Economys capacity to produce

According to the production function, with 300 labor hours, Illustrate what is this economy's capacity to produce.

  Long-run effect of this proposal

After allowing for sleep and personal care, she has 70 free hours each week and must split these hours between work to earn money.

  Us government determines that cigarette smoking

Suppose that the US government determines that cigarette smoking creates social cost not reflected in the current market price an equilibrium quantity of cigarettes.

  Concept of diminishing marginal utility

The opportunity cost of Juan's time is $8 per hour. If Juan receives $2 per pound for his fish, what is the optimal number of hours he should spend fishing.

  After-tax cash flow from selling it

If Jones sells the equipment today for $180,000 and its tax rate is 35%, what is the after-tax cash flow from selling it.

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!

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