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A company selling widgets advertises through three types of media: print, television and internet. Recently the company has decided to increase its advertising budget by $100,000. In order to determine where the additional money should be spent, the company increased print advertising for a month by $5,000 and attracted 50 new customers. The following month, the print advertising was decreased back to its original level and television advertising was increased by $20,000 and attracted 175 new customers. In the third month, television advertising was decreased to its original level and internet advertising was increased by $2,500 and attracted 30 new customers.
Given this data, what can you say about where the $100,000 increase should go?
How would you check to determine if you made the correct decision?
Assuming the most typical shapes of the demand and supply curves, which of the following could lead to an increase in the current equilibrium price for personal computers?
is this the same quantity that the competitive market would have provided in equilibrium? What are the market forces leading to this quantity?
According to a study of US cigarette sales between 1955 and 1985, when the price of cigarettes was 1% higher, consumption would be 0.4% lower in the short run and 0.75% lower in the long run (Becker et al., 1994).
Most macroeconomists believe it is a good thing to taxes act as automatic stabilizers also lower the size of the multiplier.
if you human director at casino, what should you have done prior to firing steward to be sure you had all of your bases covered.
give an example of a government created monopoly. is creating this monopoly necessarily bad public policy?explain two
New buses for a mass-transit agency cost $10 million and are expected to last for 10 years with a $1 million salvage value. The buses cost $500,000 to operate and maintain each year. If the system is used for 624,318 trips per year, with the average ..
question 1. in the x11 multiplicative decomposition method y t x c x s x epsilon an ma 3 smoother is applied to the
Draw a graph that shows the marginal revenue product curves of the two franchises. Make sure your axes are properly labeled. Show the equilibrium level of competitive balance and the equilibrium level of player salaries.
Illustrate what are the implications of savings and population growth at steady a state in the Solow's neoclassical growth model.
Assume that when an economy has a GDP of $500, Consumption is $550. The MPC is .75. Investment is 25. Begin the problem by setting up an Income/Consumption Schedule like the one on page 220 of your text. Set up only the first two columns (1) and (2)...
What is your own view on poverty and Do you consider your view to lean towards the liberal or conservative view of poverty?
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