Questions
Please could someone explain that if the market interest rate gone up, how it will have...

Please could someone explain that if the market interest rate gone up, how it will have an impact on my budget constraint on future and current income (intertemporal choice). I'm looking for the substitution and income effects. Thank you.

In: Economics

How do you explain to your elected politician that market prices are important and government should...

How do you explain to your elected politician that market prices are important and government should not interfere with market prices?

In: Economics

The following information from the close of trading on November​ 24, 2010 is for an IBM...

The following information from the close of trading on November​ 24, 2010 is for an IBM bond with a face value of ​$1 comma 0001,000 and a maturity date of June 15 comma 2013June 15, 2013​: Coupon​ rate: 7.57.5​% ​Price: ​$1 comma 1581,158 Yield to​ maturity: 1.221.22​% The​ bond's current yield was nothing​%. ​(Round your response to two decimal​ places.) Why is the​ bond's yield to maturity less than its coupon​ rate?

In: Economics

Use the Keynesian model to explain the recessionary gap

Use the Keynesian model to explain the recessionary gap

In: Economics

The export/GDP ratio has generally __________ worldwide in recent decades. Select the correct answer below: increased...

The export/GDP ratio has generally __________ worldwide in recent decades.

Select the correct answer below:

increased

declined

remained constant

approached 1

Which of the following examples illustrates quantity supplied?

Select the correct answer below:

Firm A's costs of production decreased, so it wants to sell more at any price.

Technology improvement has made it cheaper to produce TV's so producers want to supply more.

Firm B has to reduce production of watches and reinvest into producing jewelry which is more profitable.

The price of houses has increased dramatically so more homeowners want to sell their house.

In market equilibrium, there are neither _________ nor __________.

Select the correct answer below:

surpluses; shortages

prices; quantities

high prices; low prices

none of the above

A price floor will most likely create an excess _________ for a particular good in a competitive market.

Select the correct answer below:

supply

demand

When the work required to produce a good or service is divided into tasks that are performed by different workers, that is called

Select the correct answer below:

economies of scale

specialization

division of labor

productivity

In: Economics

A house owner wants to maintain his house. What is the economic term for this desire?...

A house owner wants to maintain his house. What is the economic term for this desire? What enables a baker to obtain new shoes from a cobbler who doesn't need any baked goods?

Equilibrium prices will spontaneously establish themselves in a competitive market and will persist until things changes?

Which describes a price mechanism through which the government may correct a failing market?

Which is most likely to increase the supply of soldiers for an all-volunteer army?

In: Economics

How does a change in autonomous spending impact equilibrium GDP and the price level: - when...

How does a change in autonomous spending impact equilibrium GDP and the price level:
- when prices are fixed (horizontal SRAS curve)
- when prices are fully flexible (vertical SRAS curve)
- when prices adjust gradually (upward-sloping SRAS curve)

In: Economics

Environmental Planning and Protection Organization, in year 2000, published a news, about defective device which was...

Environmental Planning and Protection Organization, in year 2000, published a news, about defective device which was manufactured by one of the leading Auto Brand, Bugatti. The news exposed that many models of these cars, which were being sold in Europe, had a defective device installed. This device could change a car’s performance to improve its emissions results when being tested. After the investigation, the Bugatti officials have admitted for cheating in the test. Bugatti had to pay a hefty amount for damages as a result of the scandal, notably a $16 billion fine from the Environmental Planning and Protection Organization (EPPO). After being exposed globally, their share value dropped by 30 percent, wiping out over $33 billion in shareholder value. Bugatti’s management was faced with a series of criticism. The different publications expressed the view that Bugatti’s autocratic leadership style has long been out of date and that the organisation was missing effective corporate governance.

a. Bugatti is a high profile multinational auto industry. They have a rich legacy of top corporate leadership and highly skilled employees. They are equipped with modern technology, quality research, potential strategy, business development, and effective internal control system. What do you suggest, should be company’s vision and strategy to avoid huge fine, criticism, and defamation?

b. What do you think, if they would have followed conceptual framework, they would have not paid that much. Which conceptual framework was most related to this case study and why? (5 Mark

In: Economics

1)Which of the following describes a reason that firms may operate more efficiently than individual producers?...

1)Which of the following describes a reason that firms may operate more efficiently than individual producers?

Limited liability increases a firm's access to credit

Transaction costs of production through the market exchange is greater than within the firm

All of these answers

2)

The behavior of potential buyers is represented by ___________ and the behavior of potential sellers is represented by __________.

the individual utility function; the production function

the individual utility function; the market supply function

the market demand function; the production function

the market demand function; the market supply function

In: Economics

the government should expand environmental regulations to promote job , for example " green jobs"and "...

the government should expand environmental regulations to promote job , for example " green jobs"and " green" industry .

How does government to do so in specific ways?

In: Economics

Should employees have freedom of conscience? When should they engage in whistle blowing tactics? Why might...

Should employees have freedom of conscience? When should they engage in whistle blowing tactics? Why might external whistle blowing occur in any given organization?

Business ethic class. chapter 8.

In: Economics

Compare and contrast the purpose, process, and agencies involved in the production of cost-benefit analysis and...

Compare and contrast the purpose, process, and agencies involved in the production of cost-benefit analysis and profit-loss analysis.

In: Economics

There are many potential goals of a corporation, such as: minimize costs, maximize sales, maximize employment,...

There are many potential goals of a corporation, such as: minimize costs, maximize sales, maximize employment, maximize earnings, maximize shareholder wealth, maximize dividend payments, etc. Which one is the best for the long-term health of the company and society?

In: Economics

Why might economists be quite concerned if the annual interest payments on the U.S. public debt...

Why might economists be quite concerned if the annual interest payments on the U.S. public debt sharply increased as a percentage of GDP?

I would appreciate it if it was typed and if the answer is lengthy. Thank you!(4-5 paragraphs)

In: Economics

In the fast-paced personal computer industry, it would be very tempting for a computer company to...

In the fast-paced personal computer industry, it would be very tempting for a computer company to rush a new product to market without taking the time to solicit customer input and feedback during the product development cycle. To avoid this temptation and to highlight its commitment to customer satisfaction, Apple Computer has developed a program called Customer Quality Feedback (CQF). CQF is a hands-on program that enables Apple engineers to communicate with potential end users during the entire development cycle of an Apple product. The program integrates many of the features of a focus group, but is sustained on an ongoing basis. It is also a very substantive and useful tool for Apple because it keeps the company attuned to the needs, preferences, and desires of its end users. For people interested in participating in the program, Apple has posted an application form on its Web site. The application form is fairly comprehensive and outlines the terms and conditions of participation. Although the program is open to anyone, it is clear that Apple wants well-informed participants who will stick with the program. Participants are selected based on their interest, ability to provide timely information, commitment to working with Apple personnel, and the suitability of their computing environment as it relates to Apple’s current needs. Once selected, the participants become an integral part of the development process
for the products they are evaluating. They are provided early prototypes of Apple products and are asked to provide feedback pertaining to the product’s features, interaction with employees, ease of use, performance, compatibility with third-party software, and other topics. The participants are also asked to provide suggestions as the product development cycle matures. The information provided by the participants is fed directly to the Apple engineers who are developing and testing the products. The overriding objective of the program is to incorporate customer input into the development of Apple products before they are shipped, rather than waiting for customers to react to the company’s products after they are made available for sale. Prior to a product launch, the CQF participants involved with the product are asked to write testimonials about their input into the product’s final design. These testimonials are used by Apple to demonstrate to other potential end users how Apple incorporates user feedback into the design and development of its products. Apple’s CQF program is a good example of a proactive approach to satisfying customer needs. It is also evidence of the company’s willingness to “listen to the voice of the customer” in its product development and design. These are important steps in the development of a customer-driven approach to quality.

Question1:Explain how Apple’s Customer Quality Feedback program helps the firm hear the voice of the customer.

Question2:If you were an Apple user, would you enjoy participating in the Customer Quality Feedback program? Why or why not?

In: Economics