Which two arrows in the diagram depict the following transaction: Stanley purchases the novel, "Night of Sorrows" for his summer reading pleasure. OA. J and G OB. K and G OC. K and M OD. J and M Product Markets Households Firms M J Factor Markets
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- Suppose in a market of confectioneries, there are only four suppliers; Delizia, Sachas, La Farine and Pie in the Sky. Using the data in give Table and answer the following the questions using completely labeled graph for each part. Price Delizia Qs Sachas Qs La Farine Qs Pie in the Sky Qs 10 50 100 300 650 20 100 200 600 1,300 30 150 300 900 1,950 40 200 400 1,200 2,600 50 250 500 1,500 3,250 Derive the market supply at given price levels. Also, illustrate it graphically and label it. Suppose the technology improvement has increased the output in the confectionery market by 100 units by every firm at each price level. Identify the change in the supply and also, illustrate it graphically and label it. Given the following individual demand and supply schedules for pen and answer the following the questions using completely labeled graph for each part. Price Demand by Ali Demand by Eman Supply…In evaluating marketing actions, what are the two dimensions on whichthey should be evaluated?Briefly explain each of the following types of pricing strategy, and give an example of a good or service that is sold using that pricing strategy. bundling loss leading
- Consider a local fast food restaurant. The following table shows the maximum price that Alex and Anna will pay for two products: chicken nuggets and fries. Alex Anna Are Alex and Anna's demands negatively or positively correlated? Explain. Table 2: Maximum Price Chicken Nuggets O Positively correlated as Alex wants to pay lower prices for both Chicken nuggets and fries. O Positively correlated as Anna wants to pay higher prices for both Chicken nuggets and fries. O Negatively correlated as Alex wants to pay lower prices for both Chicken nuggets and fries. O Negatively correlated as Anna wants to pay lower prices for both Chicken nuggets and fries. $1.50 $2.55 Fries $0.5 $1.0CNOLLS we r any CONE questions of the two in this sectlon in the answer book 21 211 Answer the following questions Name T WO types of imperfect markets Explain why demand curve has a negative slop 2.1.2 2.2 Study the Table below and answer questions below. 121 Number of Burgers 121 Total utillty Marginal utility 10 18 8. 23 25 26 1 6. 24 A [Adapted from Focus Economics grade 10 page 97 figure 5.2] 2.3.1 What is the source of the table above? (1) 2.3.2 How much was marginal utility in unit 3 (1) 2.3.3 Briefly describe the term utility (2) 2.3.4 Calculate A in the above table (4) 2.3.5 Draw a marginal utility graph using the information above 0851 897 345OExplain. I don't need chat gpt answee
- ON & 1UCSTION 2 Wr any C NE questions of the t wo in this section in the answer book 2.1 Answer the following questions. 2.1.1 Name T wo types of imperfect markets 2.1.2 Explain why demand curve has a negative slop. 2.2 Study the Table below and ansvwer questions below 121 12) Number of Burgers Total utility Marginal uility 10 18 3 23 25 26 24 A [Adapted from Focus Economics grade 10 page 97 figure 5.2] 2.3.1 What is the source of the table above? (1) (1) 2.3.2 How much was marginal utility in unit 3 (2) 2.3.3 Briefly describe the term utility (2) 2.3.4 Calculate A in the above table (4) 2.3.5 Draw a marginal utility graph using the information aboveConsider the following problem for Chik Fil A who faces two types of consumers Steve and Harriett. See their valuations for the chicken sandwich, fries, and soda. Given these valuations, should Chik Fil A sell ala carte or bundle?Often, firms offer a larger quantity (milk, paint, toilet paper, a cup of Coke, second dress, second pizza…) at a lower price. For example, a 12 oz cup of Coke is $1, and a 32 oz cup is $1.70. What explains this marketing strategy? With the help of graphs (economic models) demonstrate.
- a. Suppose in a market of confectioneries, there are only four suppliers; Delizia, Sachas, La Farine and Pie in the Sky. Using the data in give Table and answer the following the questions using completely labeled graph for each part. Price Delizia Qs Sachas Qs La Farine Qs Pie in the Sky Qs 10 50 100 300 650 20 100 200 600 1,300 30 150 300 900 1,950 40 200 400 1,200 2,600 50 250 500 1,500 3,250 i) Derive the market supply at given price levels. Also, illustrate it graphically and label it. ii) Suppose the technology improvement has increased the output in the confectionery market by 100 units by every firm at each price level. Identify the change in the supply and also, illustrate it graphically and label itBriefly summarize of pricing strategy of the Apple companyplease do both of the pictures and label corretcly. thank youuu
