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1. Why do you think some celebrities are effective at pitching products while others are not?
2. Experts cite three factors underlying source credibility: expertise, trustworthiness and likability. However, new research now shows that only one of the three factors is actually effective in increasing sales and is far more important than the other two in creating a successful celebrity testimonial. Which one do you think it is and why?
There are two types of customers in a market for sheet metal. Let P represent the market price.
Suppose that workers can be hired competitively at a wage of $200. Explain how many workers will they hire at this wage.
The presence of pre-school children often complicates women’s labor supply decisions by forcing them to consider the costs of child care. In this problem, you are asked to consider the labor supply decision of a single mother with one child of pre-sc..
The Law of Supply suggests that the price-elasticity of supply is: If a 10 percent increase in the price of one good results in no change in the quantity demanded of another good, then it can be concluded that the two goods are:
GRAPH the long-run profit of a monopolistically competitive firm. Do Monopolistically competitive firms generate a long-run profit? Why is a monopolistic competition said to be inefficient?
what is the expected NPV for this new machine over ten years? what is the probability of a positive NPV?
The central bank new head decides to increase the response of interest rates to inflation. Explain how does this change in policy alter the response of the economy to a supply shock.
An office supply company has purchased a light-duty delivery truck for $16,000. The truck will be depreciated under the MACRS with a property class of five years. The truck’s MV is expected to decrease by $1,500 per year. It is anticipated that the p..
Assume the subsequent data describe o/p in two different yrs. Compute nominal GDP in every yr.
What are arguments for using real per capita G NI to compare living standards between countries. What weakness does this measure have.
Illustrate her optimal choice on a graph, using indifference curve-budget line analysis. b. Suppose that the price of a bagel increases to $5. What is Lisa’s optimal choice for breakfast now? You do not need to illustrate this new choice in a gra..
For the next two questions we will consider Rimor Bank, which has the following (partial) list of accounts on its balance sheet: Calculate the maximum amount of new money that Rimor Bank can create, by itself.
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