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Q. The first company is a trendy bar. The bar is currently seeing many young well paid professionals as customers, but quite a bit fewer college students. The bar has run a marketing campaign to attract more college students, but that only caused a small increase in thenumber of those customers. The second company is an electronics store selling items such as iPods. This company is also currently seeing many young well-paid professionals as customers, but quite a bit fewer college students. The electronics store has also run a marketing campaign to attract more college students, but that also only caused a small increase in the number of those customers. Both of these companies want to know if they could make some changes in their pricing strategy to increase their sales to college students and thereby increase their overall profits.
Prepare a recommendation for each company. Should your recommendations be the same for both companies? If not, what are the differences?
Assumed that each of the subsequent rows represents the choice faced by policy makers given the current set of U.S. institutions also technology.
Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If its investment spending decreases by $12 billion, what will be its new level of real GDP?
Microeconomics is considered to be the study of scarce resources (Perloff, 2007). Here, consumers (both individuals and organizations) must make allocation decisions.
determine the effects of an increase in the capital stock on current equilibrium output, employment, the real wage, the real interest.
Write expressions for total revenue and marginal revenue as a function of the number of tickets sold and compute the profit-maximizing quantity of tickets.
An illustration of the Production Possibilities model, including a summary of what the model is illustrating and the economic implications for the economy.
What is average length of "place order line". What is average length of "pick up line". What is average number of customers in drive through area.
Elucidate how would you improve this survey to better reflect the needs of the consumer.
the rival long-distance carriers have complained that the local phone company repair persons have put peanut butter on rival long distance carriers's phone lines to encourage rats to eat through the lines.
At Illustrate what level of output does AVC reach its minimum value. Illustrate what is minimum value of AVC at its minimum.
According to comparative advantage, in which industries would you recommend the country to specialize. Has the country specialized in your suggested industries.
The marginal cost of the In Focus division for making the lenses is given by the equation MCl = 0.30 + 0.0004Ql. Each camera requires one lens. How many cameras will Camco produce and what price will be charged for each?
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