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Q1. During the purchasing decision, evaluation stage, the consumer forms preferences among the brands in the choice set. There are two models which help the consumer to reach to the right decision compensatory and non-compensatory. Define them and explain how does the later help the consumer in recommending a car among three brands? Assume which the total features which are steering the consumer's selection are: the no. of seats as the engine performance, availability of spares parts also preferences of people toward the car.
Q2. Why were the organizers of the U.S. suspicious of absolute democracy?
Where Q is the production and V is the number of employees working 8 hours a day
Explain how many units of housing would the government have to increase the provider of housing in order to get the market equilibrium rental cost.
Calculation of the unemployment rate and part time workers who would prefer to work full time.
Steps that a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept
Compute demand of price elasticity of for natural gas sold to the US.
Elucidate is it good for the economy to have more competitive markets.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Explain how it will affect the number of employees you schedule. All other things being equal, what will happen to prices of the Galaxy and the iPhone.
Illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born today.
Indicate whether there will be economies of scale, diseconomies of scale, or constant returns to scale if the facilities are built optimally.
Provider A charges $120 per month for the service regardless of the number of phone calls made.
Suppose that the market for wheat is characterized by the following demand and supply relationships.
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