Questions
1.1) As a result of the rise of Internet retailing of recorded​ music, the small traditional...

1.1) As a result of the rise of Internet retailing of recorded​ music, the small traditional record stores had​ ___________.

A. to lower their price to​ compete, which resulted in economic loss

B. a decreased supply of recorded music which resulted in their prices rising above Internet prices

C. to use new technology which raised their average total cost

D. to set their price equal to minimum average total cost

1.2) Record stores decided to exit the market rather than shut down temporarily because​ _______.

A. price fell below minimum average fixed cost

B. they were incapable of providing music downloads

C. price fell below minimum average variable cost

D. consumers prefer to shop online

1.3) Amazon entered the market for recorded music because​ _______.

A. Jeff Bezos grew quickly bored of selling only books

B. Jeff Bezos wanted to take over the existing record stores to increase​ Amazon's economic profit

C. Amazon wanted to push existing record stores out of business

D. Amazon had​ lower-cost technology and could make an economic profit

1.4) Independent record stores exited the market for recorded music because​ _______.

A. independent record stores were incurring an economic loss

B. competition with Amazon inflated the fixed costs of independent record stores

C. after the entry of​ Amazon, independent record stores made zero economic profit

D. independent record stores could not keep up with the increased demand for recordings

In: Economics

1. Aggregate Demand curves slope down. Explain in a sentence what that means (what happens when...

1. Aggregate Demand curves slope down. Explain in a sentence what that means (what happens when Price Level falls, all else constant?) and give one reason for the negative slope (inverse relation).

2. Assume an economy operates in the intermediate range of its aggregate supply curve. State the direction of shift for the aggregate demand curve or aggregate supply curve for each of the following changes in conditions. What is the effect on the price level? On real GDP? On employment?

a. The price of crude oil rises significantly (300%, say) raising the price of energy generally.

b. Spending on national defense doubles.

c. Investment spending falls as firms expect slower sales growth.

d. An improvement in technology raises labor productivity.

e. The United States raises exports of new passenger aircraft to China.

3. Identify the three ranges of the aggregate supply curve. Explain the impact of an increase in aggregate demand in each range.

In: Economics

Situation 3: Nina, age 23, recently received a $30,000 gift from her aunt. Nina is considering...

Situation 3: Nina, age 23, recently received a $30,000 gift from her aunt. Nina is considering various uses for these unexpected funds including paying off credit card bills from her last vacation or setting aside money for a down payment on a vehicle. Or she might invest the money in a tax-deferred annuity for retirement purpose. Another possibility is using the money for technology certification courses to enhance her earning power. She is overwhelmed by the choices and comments to herself, "I want to avoid the temptation of wasting the money on impulse items. I want to make sure I use the money on things with lasting value.”

a. Identify the main financial planning issues that need to be addressed.

b. Suggest any TWO additional information either quantitative or qualitative you need before making recommendation.

c. Recommend the most appropriate TWO actions based on the information provided and your assessment of the situation,

In: Finance

TELEMEDICINE AND INFORMATION TECHNOLOGY IN ALTERNATIVE MSDICINE please write from 2-3 pages about application, Areas and...

TELEMEDICINE AND INFORMATION TECHNOLOGY IN ALTERNATIVE MSDICINE please write from 2-3 pages about application, Areas and trends in which telemedicine and information technology is used

In: Nursing

Examine how the effect of science and technology had an impact on the world as it...

  1. Examine how the effect of science and technology had an impact on the world as it applies to policing.
  2. Compare the benefits and challenges that policing has encountered as a result of interactions with science and technology.

In: Anatomy and Physiology

How can technology enhance the effectiveness of CQI? 2. What are some of the challenges that...

How can technology enhance the effectiveness of CQI?

2. What are some of the challenges that prevent technology from fully being integrated in CQI?

Please provide examples.

In: Operations Management

Define technology (you can use an outside dictionary). Name one type of tool that Native Americans...

Define technology (you can use an outside dictionary). Name one type of tool that Native Americans used. Would you consider this to be technology? Why or why not?

In: Psychology

Analyse the effectiveness of two companies to practice green technology as comparing with two companies without...

Analyse the effectiveness of two companies to practice green technology as comparing with two companies without green technology. How profitable are the firms they head in relation to others in the industry?

In: Economics

How do information technology professionals and everyone else differ in their ethics with respect to information...

How do information technology professionals and everyone else differ in their ethics with respect to information technology? Discuss differences if from both library resources and your opinion.

In: Computer Science

How is GEOMETRIC OPTICS relevant to the development of autonomous or semi-autonomous technology and include? How...

How is GEOMETRIC OPTICS relevant to the development of autonomous or semi-autonomous technology and include? How is Magnetic field relevant to the development of autonomous or semi-autonomous technology and include?

In: Physics