When the pharmaceutical companies began advertising directly to consumers, it was an example of The pharmaceutical companies realized that consumer demand influences which medications a physician will prescribe. 1.Indirect consumer marketing 2.Promotion equity 3.Scrambled promotion 4.A push strategy 5.A pull strategy
Q: Currently, interest rate on euro is near zero while the (Fed Funds) interest rate on dollar is about...
A: Interest rate on euro = 0 Interest rate on dollar = 2.5% The expectation for the 6-month forward r...
Q: Saudi Arabia has huge oil reserves, but relies on the United States for oil rigs to extract the oil....
A: Given: Saudi Arabia has huge oil reserves. It relies on U.S.A for oil rigs to extract the oil.
Q: Which of the following might place downward pressure on stock prices? Check all that apply. The unem...
A: In the stock market, the price of stocks are influenced by demand and supply of stocks as the market...
Q: Assume that the Black-Scholes framework holds. Sam has arranged for a shipment of rare wine to be de...
A: Sam is concerned that the dollar may depreciate, causing him to be unable to afford the cost of the ...
Q: . You are economic consultant for Jack, who farms raw cotton in a perfectly competitive market. One ...
A:
Q: (11) Assume two firms with the same constant average and marginal cost, AC= MC = 5, facing the marke...
A: In stackleberg duopoly one firm acts as a leader which is followed by other firms so as to maximize ...
Q: Suppose a management accountant of a manufacturing company give you the following information: At th...
A:
Q: How are Milton Friedman’s economic theories applied?
A: Milton Friedman is widely considered to be one of the most important economists and political philos...
Q: An investment of $100,000 in safe 10-year corporate bonds yields an average of 9% per year, payable ...
A: First Of all we will calculate nominal interest rate after tax:-
Q: A) The town of Dimmsdale is a popular tourist destination. The problem is, the tourists are not alwa...
A: Market demand : Qd = 700 - 5p => p = 140 - Q/5 Marginal Cost = 50 Optimal condition for number...
Q: Lift Chart (Original) ROC Curve, AUC=0.71934472457572562 Lift Chart (Original) Random Classifier Opt...
A: Introduction Here lift curves covers will be 45%. Here we can say that it this project will cover al...
Q: competitive firm has the short run total cost function: TC = Q³ – 8Q² + 30Q + 5 a. Find and graph th...
A: Total Cost function for a competitive firm is gives as : TC = Q3 - 8Q2 + 30 Q + 5 Average Cost func...
Q: balances of fiat money worth y goods. 1+ Vi+1 a. Use the equality of supply and demand in the money ...
A: Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat mone...
Q: Who favors John Maynard Keynes theories currently and how are they applied?
A: John Maynard Keynes is an British economist who developed Keynesian economics in 1930s in order to...
Q: This question is with regards to Solow-Swan Model. Define what steady-state equilibrium is and how d...
A: The Solow–Swan model is a basic neoclassical growth model. It proposes a continuous production funct...
Q: Mt. Dew B. Popcern Suppose a consumer has $100 in income, the price of Mt. Dew is $2, and the value ...
A: here we find the price of the popcorn as follow;
Q: Suppose that the production function for the economy is given by: Y = AL²/3K/3 Suppose that this eco...
A: Dear learner you have posted a question with multiple sub parts, as per our policy we have solved on...
Q: Question 45 challenged." "According to the idea of O Inoculation; strongly O inoculation; mildly it ...
A: In an economy, when people make decisions, there actions explains their behavior and beleifs, which ...
Q: A firm has leased plant and equipment to produce video games, which can be sold in unlimited quantit...
A: The amount of money spent on developing and selling products and services, as well as acquiring asse...
Q: What is the importance of mircro economics in pur day to day life?
A:
Q: 01
A: There are three stages of production,and they are important for businesses to understand and analyze...
Q: Write down the importance of capital in three brief paragraphs?
A:
Q: tc(q)=4800+5q** find the ATC ATC=TC/q
A: TC= TFC+TVC where fixed cost is independent of output produced whereas variable cost varies with the...
Q: All of the following statements are correct except A. economic growth is the expansion of production...
A: The answer is as follow
Q: Which of the following situations best exemplifies a relationship between nations that results from ...
A: Exports are the goods and services that a country produces in its own country and sells to enterpris...
Q: Suppose that two airlines are Cournot duopolists serving the Peoria-Dubuque route, and the demand cu...
A: Given as, Demand = Q = 250-2p p = 115-Q/2 TC = Total cost = 450+40q Q = Q1+Q2
Q: Consider a market in which the demand curve is P = 12 -Q and the supply curve is P = 2 + Q. Suppose ...
A: Demand curve P = 12 -Q Supply curve P = 2 + Q At equilibrium point, demand = supply => 12 -Q = 2 ...
Q: Real GDP in Sub-Saharan Africa has recently risen at a rate of about 5% per year. If its growth cont...
A: Real GDP measures the market value of goods and services produced within an economy in given period ...
Q: true or false The rational and profit maximizing firm will choose to operate in Stage 1 or Stage 2 ...
A: Total product is defined as the total amount of output produced by employing given amount of input. ...
Q: (1) Suppose that two identical firms produce widgets and that they are the only firms in the market....
A: We will only answer the first part a. Please repost the question with the remaining subparts. a....
Q: Instructions: Enter your responses as a whole number. a. what was the prevailing computer price in 1...
A: (A) According to the table provided in the problem, the current computer price in 1978 was $1,000. ...
Q: The equation for purchasing power parity is – the domestic price should equal the exchange rate mult...
A: Given, 1 Euro = 1.145 dollars If purchasing power parity holds, Domestic price=exchange rate×foreign...
Q: Suppose that • y =100 (income today) y' = 150 (income tomorrow) • r = 10% (interest rate on bonds) •...
A: Answer -
Q: (7) For each situation, solve for the Stackelberg equilibrium 7a) Suppose Sarah’s constant MC is $5 ...
A: As per given data, We solving stackelberg, Joe moves first.
Q: With regards to Solow-Swan Model in economics, what does exogenous growth mean and what factors can ...
A: The Solow–Swan model,that is also known as the exogenous growth model, is a long-run economic growth...
Q: Explain the inductive and detective methods of economics not more than 300 words. 100 to 150 words e...
A:
Q: If the sample coefficient of determination (R2) is 0.75, this means that a. 75 percent of the variat...
A: Coefficient of determination (R2) is a statistical measure which tells us the goodness of fit of th...
Q: The discount rate when the net present value of a project is zero is called the rate of return margi...
A: The answer is as follow :
Q: It is not unusual for a country like ours, Philippines, to be hit by disasters like hurricanes. When...
A: When there is any disaster happened then it will lead to affect the supply first, due to less supply...
Q: How do Millennials' characteristics influence their buying behaviour?
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...
Q: QUESTION 8 Suppose that the production function y-f(x_1,x_2) (where: y is output level, x_1 is a var...
A:
Q: The price elasticity of demand for a monopolist product is-0.7. Advise the firm on its pricing strat...
A: The measure that depicts the percentage change in quantity being demanded with respect to change in ...
Q: (3) Joe and Sarah's Investment Dilemma Suppose Joe and Sarah each have a patent on their respective ...
A:
Q: Suppose real GDP is $3,500, what of these is occuring?
A: Given, AEplanned is demand. Now, When supply is more than demand, there would be excess supply. When...
Q: Given: Qd =– 9P + 2,557 Qs = P – 75
A: Equilibrium is defined as a position where the economy reaches a stable state. The forces of demand ...
Q: Charlie Cai promises to deposit a sum of $120,000 for his granddaughter's college education 18 years...
A: Given data, FV = 120000 PV = 30000 n = 18 year.
Q: In country Superland, its real GDP grows by 5% per year and its money stock grows by 12%, the veloci...
A: "According to the quantity theory of money, if velocity of money is constant then inflation rate is ...
Q: Which capital budgeting is very much helpful in a construction company?
A: Capital budgeting is the process through which a corporation examines potential large projects or in...
Q: Is Good X an inferior or a normal good? How much Good X will be purchased?
A: As given Qx = 953 - 9Px - 3Py +9Pz + 2M Also Px = $4/unit Py = $1/unit Pz =$7/unit M = $772
Q: Suppose a firm has a production function Q = 10/KL %3D so that 5/K MPL VI 5VL VK MPK The firm uses 9...
A: Cost = wL + rK We substitute everything given: Q=60, K=9 60 = 10(9)0.5(L)0.5 6 = 3(L)0.5 22 = L So L...
Step by step
Solved in 2 steps
- If advertising makes consumers more aware ofalternative products, it could _________ theelasticity of demand and _________ the markup ofprice over marginal cost.a. increase; increaseb. increase; decreaseHow might advertising reduce economic well--being?How might advertising: increase economic weU·being?In what different ways does Nutrisystem engage in direct marketing?
- 1. How might advertising make market less competitive? How might it make markets more competitive? Give the arguments for and against brand names. 2. You are hired as a consultant to a monopolistically competitive firm. The firm reports the following information about its price, marginal cost, and average total cost. Can the firm possibly be maximizing profit? If not, what should it do to increase profit? If the firm is maximizing profit, is the market in a long-run equilibrium? If not, what will happen to restore long-run equilibrium? a. P < MC, P > ATC b. P > MC, P < ATC c. P = MC, P > ATC d. P > MC, P = ATCMIcro: The company “Mike Broonie” operates in the market of monopolistic competition. Just now, the company weekly produces and sells 100 units of pillows for £12 each. The average total cost to produce the pillows doesn’t depend on the output, being £10 per unit. Having evaluated the price elasticity of demand for its product, the company concluded that demand is inelastic at the moment. a. What indicator characterizes the price elasticity of demand? What formula (or formulas) one can use to calculate this indicator? Choose any number for this indicator that, under the conditions specified in the case, could characterize the price elasticity of demand for the company “Mike Broonie”. b. Imagine that the owner of the company wants to increase the price of the company’s product. How will it affect sales, revenue, and profit (will each of these indicators increase, decrease, or remain the same)? Give here theoretically substantiated forecast. To increase the number of points…In evaluating marketing actions, what are the two dimensions on whichthey should be evaluated?
- Suppose you operate in a monopoly environment and you set your price inorder to achieve maximum pro ts. Is your demand elastic, unitary elastic, or inelastic? Does your answer change if you were in a monopolistically competitive market? What happens to the elasticity when you go from a monopolistic market to a monopolistically competitive one? Explain and give an example. Retailer companies sell many products for which manufacturers have a sug-gested retail price printed on the package. Is there an economic reason for this price? If you are the manager of a retailing outlet, what factors will determine whether you should charge the suggested retail price or some higher or lower price?As you review the Facebook site, you note that packagingfor your company’s bread uses the words “heart-healthy.”Would you bring this to the attention of the marketing groupresponsible for product packaging? Or would you look fora way to obscure the package design online? Defend youranswer.K Suppose the figure to the right represents the market for a particular brand of shampoo, such as L'Oreal, Lancome, or Maybelline. Assume the market is monopolistically competitive. What is the firm's profit-maximizing price and quantity? thousand per bottle. (Enter your The monopolistically competitive firm's profit-maximizing quantity is bottles of shampoo, and its profit-maximizing price is $ responses as integers.) Price and cost (per bottle) ♫ 3.00- MC 2.80- ATC 2.60- 2.40- 2.20- 2.00- 1.80- 1.60- 1.40- 1.20- 1.00- 0.80- 0.60- 0.40- 0.20- 0.00+ 0 MR 2 4 6 8 10 12 14 16 18 20 22 24 Quantity (shampoo bottles in thousands)
- ls uccess Tips ■ccess Tips NOUT Actumpto Koup the Highest/3 3. Is monopolistic competition efficient? Suppose that a firm produces baseball bats in a monopolistically competitive market. The following graph shows its demand curve, marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve. Place a black point (plus symbol) on the graph to indicate the long-run monopolistically competitive equilibrium price and quantity for this firm. Next, place a grey point (star symbol) to indicate the minimum average total cost the firm faces and the quantity associated with that cost. PRICE (Dollars par bat) 80 70 60 20 MO о о 10 20 40 ATC 60 QUANTITY (Thousands of bas) Demand Man Camp Outcome Min Unit Cost Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that optimal quantity. Furthermore, the quantity the firm produces in long-run equilibrium is average total cost. at the the quantity at which…Exercise A.8. The graph below corresponds to a company operating in a market under conditions of monopolistic competition: € 5 4 3 2 1 CM CMe 20 40 60 90 100 120 Quantity of output a) What is the level of production maximizes the short-term profits of this company? b) What price will the company charge to maximize its profits? c) What benefits does the company obtain in the short term? d) How would advertising affect the curves shown in the graph? Would profits necessarily increase? Reason your answers.Which of the following statements about brand names is true? O It is always rational to prefer brand names over generic substitutes. O Brand names are always economically wasteful since they dupe consumers into buying more expensive goods and services that are no different from generic versions. O Brand names give the seller an incentive to provide consistently high-quality products and services in order to protect the reputation of the brand. Read the following example and determine whether it illustrates a common critique or defense of advertising. Lorenzo sees a commercial for a Brand X clothing company that depicts the wearers of the clothes out having a good time with friends. Although he doesn't particularly need new clothes, the commercial prompts him to buy Brand X t-shirt. This illustrates a common of advertising.