The purchase decision is critical in driving customers to pick which company they will do business with. How would you use technology to influence customers’ purchase decisions to increase your business’ customer base?
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In: Economics
Why do Cuba, Poland, Sri Lanka, and Moldova rank higher on the human welfare than on the economic dimension?
In: Economics
14. When the federal government runs a budget surplus rather than a deficit, how will the public’s bond holdings and the supply of money be affected?
In: Economics
13. “A perfect-foresight model predicts that expansionary monetary policy has no effect on the level of output.” Comment on this statement with the help of an AD-AS diagram.
In: Economics
Write a policy brief making a recommendation to your town on implementing alternative revenue methods in order to NOT depend on federal or state aid.
In: Economics
Topic: CONDUCTING MARKETING RESEARCH AND FORECASTING DEMAND Suppose the annual plan called for selling 34,000 widgets in the first quarter at $2 per widget, for total revenue of $68,000. At quarter's end, only 30,000 widgets were sold at $1.80 per widget, for total revenue of $54,000. Based on the Sales-variance analysis, how much of the sales performance is due to the price decline and how much to the volume decline? Note: Sales-variance analysis measures the relative contribution of different factors to a gap in sales performance.
In: Economics
CASE 2. ELASTICITY
In the United States, taxes are imposed on cigarettes at the state level. As a result, there are large differences among states. As of July 1, 2010, three states had cigarette taxes in excess of $3.00 per pack: Rhode Island, Connecticut, and Washington. Seven more had rates between $2.00 and $3.00 (including the District of Columbia). Missouri had the lowest rate among the 50 states at $0.17 a pack. The following article describes a proposal to raise taxes by $1.00 per pack in the state of Washington. We would expect an increase in the tax on cigarettes to increase their price to consumers. An interesting question from the point of view of health and tax revenue is how much a price increase lowers demand. One of the commentators in the article claims that increasing cigarette prices by 10 percent reduces youth smokers by 6–7 percent; this is an implied demand elasticity of –0.6 (6%/10%). How do you think this compares to what we would expect from adult smokers? Many people would argue that because more young people are new smokers and because they have less money than adults, their demand for cigarettes would be more elastic. On the other hand, if peer pressure favors smoking, this could lower demand elasticity for youths. One problem that states face as they increase their cigarette taxes is that people will seek cigarette substitutes from cheaper areas. In Washington, the state pressured Indian tribes to raise the tribal tax rate on cigarettes to the overall state level. By making these substitutes to state-taxed cigarettes more expensive, the loss of customers in response to the state tax increase would be less.
Question: Analyze the given case and find that who Are the Elastic Smokers? Provide justification to you answer.
In: Economics
In: Economics
Do believe that Congress and the former Obama administration or the current Trump administration are responsible for the current Economic situation? Make sure you discuss this in Economic terms.
In: Economics
In international trade there are two types of barriers to trade: Tariff and non-tariff.
As a guide:
Worldwide, governments use three types of tariff barriers when valuing an imported product and to assess duties due that government.
In addition, they may use two types of non-tariff barriers: monetary and market.
Question
In: Economics
How do the practices of seinorage and debasement impact the value of specie standard money?
In: Economics
Suppose the quantity demanded for a product is given by ?=20(?+1)−?/4q=20(A+1)−p/4, where ?p is the price of the good. The good is sold by a monopoly firm with constant marginal cost equal to 20 and fixed cost ?=400(?+1)2f=400(A+1)2. Let ?A be 4 and answer the following:
a) Suppose the firm must charge the same price to all consumers. Derive the profit maximizing price and quantity if the firm were to serve the consumers interested in this good. .
b) Suppose the firm were to charge every consumer the same price. Will the firm find it profitable to operate?
c) Suppose the firm were able to practice perfect price discrimination. What would be the firm's profit in this case? Would the outcome be efficient?
d) What is the efficiency loss of the outcome in part (b) ?
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Define fiscal policy and the fiscal policy tools used to regulate the economy. What is countercyclical fiscal stimulus? Discuss the concept of crowding-out. What are automatic stabilizers and how do they affect the economy.
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As the United States became more deeply entrenched in Vietnam under President Kennedy, the nation’s political and military leaders remained confident that superior technology and firepower would subdue the enemy. They were wrong. Explain their initial understanding of the political situation in South Vietnam and how their assumptions about U.S. technological and military superiority had to be revised as the conflict there escalated.
In: Economics
1. List and define 10 responsibilities of a Project Manager
2. List and define the characteristics of a Project Management
3. Explain the concept of work break down structure(WBS). (10 points)
In: Economics