Describe the global marketers’ considerations and adjustments of research methodologies when conducting research.
In: Economics
The franchisor from which Eric decides to take a franchise is called Fishy Fishy Fries, Inc.. Fishy Fishy Fries imposes on its franchisees’ certain standards of operation, personnel training methods and procedures for the dismissal of “unsatisfactory” employees. Discuss the issues raised by the desire of a franchisor to exercise a degree of control over its franchisees.
In: Economics
please fully explain the purpose of the Federal Trade Commission (FTC). Also, explain some of the methods used to enforce the commission's authority. Also, give five examples when the FTC will take action
In: Economics
Essay question:
Consumer Behavior is influenced by different factors. Explain giving examples of these factors in short notes, showing the importance of studying consumer behavior.
In: Economics
|
Actual aggregate expenditure or output (Y) |
Consumption (C) |
Planned investment |
Government spending (G) |
Net exports (NX) |
Unplanned investment (inventory change) |
Future output tendency |
|
350 |
200 |
60 |
90 |
60 |
||
|
400 |
220 |
|||||
|
450 |
240 |
|||||
|
500 |
260 |
|||||
|
550 |
280 |
In: Economics
Assume that the flour market is perfectly competitive and the price of flour is determined by the market at $9 per kg. Tony owns a mill and sells 10 kg of flour per day. At this output 10 kg, Tony has an average variable cost of $6, an average fixed cost of $2 and a marginal cost of $8 per day. Calculate Tony’s profit or loss at the output 10 kg of flour per day. What should Tony do if he wishes to earn more profit? Explain.
(b) Suppose that the tofu market is perfectly competitive and Omega is one of the many tofu producers in the market.
(i) Initially the tofu market is in a long-run equilibrium. Draw
a diagram for the tofu market and a diagram for Omega to explain
the long run equilibrium situation.
(ii) Omega discovers a method to significantly reduce both the
fixed costs and the variable costs of tofu production. How will
this discovery affect Omega and the tofu market in the short run?
Explain with suitable diagrams for the tofu market and Omega.
(iii) Describe what will happen at the tofu market in the long
run.
In: Economics
In: Economics
Question 1 Chepa’s utility function is given by U(x,y) = lnx + 4lny. Assume that Chepa has endowments (10,10) and that Py = 10 throughout the problem.
In: Economics
Under what circumstances would you expect a rise in national income to cause a large accelerator effect.
In: Economics
Suppose inflations expectations increased in an open market economy.
1- how does it affect nominal exchange rate in the short run? (increases, decreases, or stays the same)
2- how does it affect real exchange rate in the short run? (increases, decreases, or stays the same)
Explain. Assume that the country is operating under floating exchange rate regime.
In: Economics
In: Economics
Discuss the economic shock caused by the COVID-19 pandemic. Discuss the economic policy responses implemented so far, and any possible further economic policy responses.
In: Economics
There are a number of factors which can influence a consumer’s buying behaviour. What do you think are the important influences in respect of purchases of financial products?
In: Economics
If injections exceed withdrawals, will GDP go on rising indefinitely, or will a new equilibrium be reached? If so, explain how
In: Economics