Q: In Virtual Reality, time travel became possible only in 3006. Economists in the Statistics Bureau d...
A: The CPI(consumer price index) is found out by: CPIT=cost of market basket in current period Tcost of...
Q: Use two market diagrams to explain how an increase in state subsidies to public colleges might affec...
A: The law of supply establishes the direct and proportional relationship between the price of a good a...
Q: Define the price elasticity of demand and the income elasticity of demand.
A: Demand, an economic concept, explains the behavior of a consumer or household who participated in th...
Q: Who benefit from the laws and who loses when countries have policies that limit how much interest a ...
A: The interest rate is the income earned by the capital in the economy. It is the reward paid to capit...
Q: A large automobile manufacturer has developed a continuous variable transmission (CVT) that provides...
A:
Q: Compare and contrast monopoly and perfect competition market structures in the Long-run.
A: Monopoly is a market structure with single seller and many buyers. Perfect competition is a market s...
Q: Trigleater is a hungry individual in the Grossman model deciding what to have for dinner is looking ...
A: Utility refers to the situation where the total satisfaction derived from the consumption of goods a...
Q: What are the critical assumptions that lead to the paradox of thrift (POT)? Use the I=S relationship...
A: A normal household thinks that an increase in the savings of the economy will increase the growth of...
Q: 1.Given the following informationQ_d = 240 – 5p Q_s = P Where Q_d is the quantity demanded, Q_s is t...
A: Since you have posted a question with multiple subparts, we will solve the first three subparts for ...
Q: Suppose that the MPS = .2 and the government is interested in raising the level of output in the eco...
A: Understanding of government multiplier is important to solve this question, it is the ratio of chang...
Q: What group of people benefits from a higher interest rate? Explain how they benefit.
A: Interest is the opportunity cost of holding money.
Q: If the elasticity of demand for milk tea equals -1.5 and the quantity demanded equals 40,000, predic...
A: Given information: Price elasticity: -1.5 Initial Quantity demanded: 40,000 Formula of price elast...
Q: If company A manufactures t-shirts and sells them to retailers for US$9.80 each.It has fixed costs o...
A: The term “profit” is defined as the excess of total revenue (TR) over the total cost (TC). Total rev...
Q: What is the relationship between marginal product and marginal cost? Why do you suppose that is? Is ...
A: Marginal Product: The term marginal product refers to the increase in total product due to the use o...
Q: Economics Question
A: Perfect competition refers to the situation where there are many buyers and sellers exist in the mar...
Q: 1. regulations to limit air pollution (b) provide two problems if the government does not intervene ...
A: Market Failure is a situation where the allocation of services and goods by the free market is not P...
Q: 1. In order to maximize profit a producer will always produce at a point where the Marginal Benefit ...
A: 1. False. In order to maximize profit, a producer will always produce at a point where marginal bene...
Q: Classify each of the following items as a final good or service or an intermediate good or service,...
A: A. A textbook bought by a student is a final good that is consumption expenditure. Consumption goods...
Q: Automobile insurance policies (contracts) typically are issued every 6 months. Consider an actual ca...
A:
Q: The global market for private health insurance is being disrupted at the same time growing rapidly. ...
A: Insurance is defined as a contract in which the insured individual is payable a fixed amount as a su...
Q: Give an example of a public good and how the air pollution emanates from it. Explain.
A: A public good is a good that an individual can consume without reducing another individual’s consump...
Q: In 2010, the economy of the Utopia exported goods worth $232 billion and services worth another $87 ...
A:
Q: To maximize profit in the short-run, a perfectly competitive firm will search for that output at whi...
A: In a perfectly competitive firm there are large number of firms selling identical product.
Q: Some economists claim that early child care generates an external benefit to society. a. What is t...
A: A positive externality refers to a benefit received by a third party from an economic transaction in...
Q: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly l...
A: Hi Student, thanks for posting the question. As per the guideline, we are providing answer for the f...
Q: Suppose Bank A has $35 million in rate-sensitive assets, $70 million in fixed rate assets, $70 milli...
A: Change in profit can be calculated by using the following formula.
Q: If a 30 percent decline in the price of gasoline leads to a 15 percent rise in expenditures on gasol...
A: Price elasticity of demand is the responsiveness of quantity demanded to changes in price. It shows ...
Q: What does it means firms are a monopoly supplier of information?
A: We need to first understand about monopoly. A monopoly is characterized by the presence of a single ...
Q: Based on each of the following descriptions of an individual, answer whether they would be considere...
A: A person who is above the minimum age criteria is considered as the labor force. While the person be...
Q: Consider the attached payoff matrix:a. Does Player A have a dominant strategy? Explain why or why no...
A: To know the dominant strategy: a) Considering the payoff matrix and checking for the player A: Cons...
Q: An outward shift of the production possibility frontier may be caused by: A. An increase in demand a...
A: The PPF shows various combinations of two goods which can be produced with give constraint in an eco...
Q: SOCK 11. Do you favor or oppose the government policy of offering extra adjustment assistance to wor...
A: It is beneficial for the government to introduce policy of offering extra adjustment assistance to w...
Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important i...
A: When a government intervenes in a free market, it generally leads to market inefficiency because it ...
Q: The table shows the CPI in Genovia. Calculate the inflation rates in 2017 and 2018. Did the CP...
A: CPI means consumer price index. It measures the average change in price that consumers pay for a par...
Q: n today’s societies, we pay several different types of taxes. Take a moment to consider all the diff...
A: Deadweight loss: It is a cost which is paid to the society in which is created by market efficiency....
Q: Fact: America's national debt stands at $17 trillion. That's a tough number to grasp. Most people wi...
A: The creation of debt is when people spend more than their earnings or revenues. When spending of the...
Q: 2. In the following situations, explain what is counted (or is not counted) in this year's GDP. A. ...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and...
Q: Please answer Part B's questions only.
A: (i). we have q=4000-250p250p=4000-qp=16-q250For revenue we know,Revenue = price × quantityR(q)=pqR(q...
Q: QUESTION 1 Below is a hypothetical table such as would be generated by the Bureau of Labor Stat...
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...
Q: Discuss and Explain Output gap?
A: Output gap is the difference between the economic potential and the actual output generated in the e...
Q: I NEED THE ANSWERS OF ALL QUESTIONS thanks
A: In third-degree price discrimination, a producer must have monopoly power. The monopolist should als...
Q: Under the assumption of the PPF, exonomic growth can be represented by which of the following: A. An...
A: Definition of Production Possibility Curve : It shows different combinations of two goods ( or servi...
Q: 2.Now, from our class discussions I created an example that you inherited the company, --let’s calle...
A: Gross Domestic product (GDP) is the sum total of goods and services produced and traded with in the ...
Q: The following diagrams illustrate an industry under oligopoly consisting of 10 equal-sized firms, an...
A: Hello, thank you for the question. Since there are multiple sub-part questions asked here, only the ...
Describe the three functions of marketing intermediaries.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- What is a marketing information system (MIS)? Whattypes of information does it include?How does merchandise flow through a typical marketingchannel?Demonstrate conceptual understanding of the rapidly evolving social media and Internet marketing and their importance to the marketing communication mix.
- FRONT PAGE Pricing Disney+ Disney decided it wanted to provide streaming services directly to customers, rather than renting its library of films and television shows to other streaming services like Netflix. But how successful would a streaming service be? In other words, what did the demand for a "Disney+" streaming service look like? Disney knew that the number of subscribers would depend not just on the attractiveness of the Disney archives, but also on the subscription price. After doing some market research, Disney decided to launch Disney+ at a price of $6.99 a month (or $69.99 per year). When Disney+ was launched on November 12, 2019, 10 million people signed up on the first day-a resounding success! Source: News reports, October-December 2019. Suppose Disney+ changes its monthly subscription price from $7 to $9 per month. Graphically show the impact of this price change in the following markets: a. Popcorn, pizza, and other movie snacksGiven a description of a company's marketing mix, classify the elements of the marketing mix and the category of marketing.“Explain at least five different “Functions of Marketing” to any local company of your choice.
- Outline the economic factors that affect marketing decisions and consumer buying power.Why does Pinterest see Google as its biggest competitor? Why does Pinterest prioritize the smartphone platform while developing new features and products?What general rules should a retailer know when planning initial markups? Explain why retailers generally express markups as a percentage of selling price.