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What are your thoughts on what the book has to say about advertising? Are ads manipulative? Or, do they also serve other purposes? Think back however many years since the first iPod was introduced to the market. Would you have known you wanted one if you didn’t even know what it was? Why would an industry like the milk industry advertise a commodity product?
A machine produces 1000 units of product per day in an existing manufacturing operation. The machine has become obsolete due to tightened product quality standards. Replacement machine A will cost $20,000 and will produce the needed 1000 units of pro..
Firm x develops a new product and gets a head start in its production. Other firms try to produce a similar product but discovers they have higher average total cost than the existing firm. This situation illustrates what
Find the net demand curve-facing industry A. Conclude A's optimal price also o/p. How much o/p do the other Industries provide in total.
how the economy moves to a new equilibrium. Focus on short-run as well as long-run equilibrium.
Choco Goodness is a firm that produces chocolate candy bars. Which is NOT a short run variable input for this firm? A) Sugar B) Assembly line workers C) The big chocolate-stirring machines D) Packaging materials
Five networks are vying to receive the pay-per-view broadcast rights to the World Series of Yahtzee. Each estimates that the inverse demand for watching this nail-biter of an event is given by P = 100 ? 0.01Q. Each can provide the broadcast at a cons..
What are the economic functions that financial intermediaries perform that benefit society? In your answer, discuss the relationship of financial intermediaries and financial markets to the savings-investment process within an economy and to each oth..
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
A transmission line project involving 51 towers has been approved. The number of engineering hours needed to accomplish the first detailed tower design is 124. Assuming a 93% learning curve, what is your estimate of the number of engineering hours ne..
What will happen to bank reserves if interest rates rise following the fed meeting coming up in a few days? With the recent events in the markets, what measures have we taken in the past few years to handle a raise in rates? Please provide informatio..
Explain how the United States calculates unemployment and why many economist do not find this as a real economic indicator. How is unemployment calculated in other countries? Give two examples. What are your thoughts and ideas on this?
Because the Federal Reserve is not constrained by a fixed exchange rate, it is free to set monetary policy without concerns about the effect on the value of the dollar. How would the Fed’s actions during the 2007-2009 financial crisis have been conta..
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