Answered: Is it possible to make money on YouTube…

Is it possible to make money on YouTube as a side hustle? I want to create two channels. Music beats and technology are two separate yet intertwined subjects.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: 10 Average cost Profit or loss Marginal cost 8 7 4 Demand 2 1 Marginal revenue 10 20 30 40 50 60 70…

A: The profit is maximized where MC=MR At this pointP=6Q=40ATC=4Profit=(P-ATC)*Q=(6-4)*40=80 At the…

Q: In the world of French high cuisine, a three-star rating from the Michelin Red Guide is a widely…

A: Moral hazard refers to a situation in which one party, typically after entering into a contract or…

Q: In 2019, a ski resort increased the prices it charged for one-day ski passes and season passes. If…

A: We have given the following information Type of pass Price in 2018 Number of passes sold in 2018…

Q: Does monopolistic competition literally require zero profits for all firms? Explain. Do…

A: Monopolistic competition is a market structure in which a large number of small firms compete with…

Q: In 2019, a ski resort increased the prices it charged for one-day ski passes and season passes. If…

A: Total Revenue is the product of price and quantity Elasticity measures the change in quantity due…

Q: How are companies able to use the differences in culture to effectively market a product or service…

A: Numerous organizations focus their marketing efforts on one of a few portions(segments) of a…

Q: The following graph shows the daily demand curve for bippitybops in Detroit. Use the green rectangle…

A: ReferExplanation:

Q: are monopolies good or bad for consumers?

A: Under a monopoly, a single seller faces the entire market demand on his own. Here, the seller…

Q: Mario wants to expand the market for his specialty line of clothing, but he doesn't have the funds…

A: The objective of the question is to identify a cost-effective channel for Mario to expand his…

Q: Q.4.1 Read the excerpt in the textbox and use the information to answer the question below:…

A: If global demand for citrus fruits produced in South Africa rises, then demand for rand will also…

Q: how to maximize profit in monopoly, competitive market, oligopoly and monopolistic competition?

A: Monopoly is a form of market where there is a single seller in the market. This seller is a price…

Q: nount of commercials that could be ed during children's television shows, fectively reducing the…

A: Price Elasticity of Demand: Price Elasticity of demand is the degree of responsiveness of % change…

Q: Practice Directions: Read the following topic sentences taken from different paragraphs. From the…

A: The pattern of development used in given topic sentences needs to be chosen from the available…

Q: Compare and contrast major styles of leaderahip

A: There are major 4 style of leadership- i) Transactional Leaders Are Directive Style: People who need…

Q: Explain how a store can sell more elastic goods

A: Elastic demand is when the change in quantity demand will be greater than the change in price.

Q: Imagine that you run the toll authority for a city bridge. You must charge all of your customers the…

A: Total revenue (TR) earned by a firm is the income generated by selling a product at a particular…

Q: Explain demand in easy language

A: Market costs are resolved through demand and supply. On the off chance that the demand for an item…

Q: Who are our competitors? What are their marketing strategies?

Q: The following graph shows the daily demand curve for bikes in Chicago. Use the green rectangle…

A: Total Revenue is the revenue that is earned by the producer through selling goods in the market.…

Q: How might advertising lead to a shift in the demand curve

A: Demand curve is a downward sloping curve that depicts the negative relationship between the price of…

Q: You are a manager of a monopolistically competitive firm that is currently charging a price of $5…

A: Pa=$5, this is the optimal cost or price of advertising one unit of the goods produced by the firm.…

Q: Why do suppliers want to create more inelastic demand relationships in the products that they sell?

A: The markets are the place where the buyers and sellers of goods, services, investments, assets, and…

Q: Wing graph, use the green point (triangle symbol) to plot the annual total revenue when the market…

A: Price elasticity of supply determines the responsiveness to the supply of a product or service after…

Q: In an oligopolistic market, the firms are Question 31 options: many; competitive interdependent;…

A: Oligopoly is a market structure characterized by a small number of large firms that dominate the…

Q: There are several hamburger shops around you. You are trying to find ways to make your hamburger…

A: A monopolistically competitive firm will look to differentiate its product from its competitors as…

Q: Case Description From the time Apple launched iTunes in mid-2003 through early 2009, it charged…

A: Elasticity of demand is the reason apple needs to analyze its decision to revise prices , as it…

Q: Read the extract below and answer ALL the questions that follow: Online shopping attracted a great…

A: The given paragraph explores the theme of adapting to the Internet and digital age in the business…

Q: Imagine that you run the toll authority for a city bridge. You must charge all of your customers the…

A: Revenue refers to the amount of money received by the firms from the sale of their goods and…

Q: In this unit we have seen that monopolistically competitive firms could increase the amount they…

A: Monopolistic competition is one type of market condition where many sellers face the market demand…

Q: How does penetration pricing strategy affect the company's performance and how they benefit from…

A: Penetration pricing is a marketing strategy wherein a firm attempts to penetrate the market for a…

Q: A large restaurant chain sells hamburgers and French fries as separate products. There are 2 million…

A: Pricing strategy: A good or service's current market price is taken into account when developing a…

Q: Amazon May be Sprinting into Athletic Apparel People increasingly wear their workout clothes outside…

A: In economics, demand refers to the consumer's willingness and ability to purchase a good or service…

Q: Apple and Samsung are two competing brands in smartphone device market. Suppose that when the price…

A: Price elasticity of demand represents the responsiveness of quantity demanded against change in the…

Q: What is the effect of demand aggregation on consumers?

A: A consumer is an individual or organization that purchases goods or services for personal use or…

Q: On the following graph, use the green point ((triangle symbol) to plot the annual total revenue when…

A: Total income is the full measure of all-out deals of labor and products. It is determined by…

Q: what market inefficiencies derive from monopolies and monopolistic competition?

A: The degree to which market prices accurately represent all relevant information that is currently…

Q: List and explain the three kinds of pricing methods. Give an advantage and a disadvantage for each…

A: Economics deals with all the relevant components regarding the pricing, quantity, all the economic…

Q: The following graph shows the dally demand curve for bikes in Denver. Use the green rectangle…

A: Elasticity of demand depicts how much consumer responds with the change in the price level.

Question

Is it possible to make money on YouTube as a side hustle? I want to create two channels. Music beats and technology are two separate yet intertwined subjects.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

The following graph shows the daily demand curve for bikes in Montreal. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per bike) 300 275 250 225 200 175 150 125 100 75 50 25+ D 0 10 20 30 4 B 40 50 60 70 00 QUANTITY (Bikes) 90 Demand 100 110 120 Total Revenue ?
The following graph shows the daily demand curve for bippitybops in Chicago. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. Total Revenue 0 8 16 24 32 40 48 56 64 72 80 200 180 160 140 120 100 80 60 40 20 0 PRICE (Dollars per bippitybop) QUANTITY (Bippitybops per day) Demand A B Area: 1280 Calculate the daily total revenue when the market price is $180, $160, $140, $120, $100, $80, $60, and $40 per bippitybop. Then, use the green point (triangle symbol) to plot the daily total revenue against quantity corresponding to these market prices on the following graph. Total Revenue 0 8 16 24 32 40 48 56 64 72 80 3840 3520 3200 2880 2560 2240 1920 1600 1280 960 640 320 0 TOTAL REVENUE (Dollars) QUANTITY (Bippitybops per day) According to the midpoints formula, the price elasticity of demand between points A and B on the initial graph is approximately . Suppose the…
5&6 please
Research on the following and discuss the following, present the necessary illustration: a. kinked demand curve b. Game theory c. predatory pricing d. market efficiency
Typed plzzzz And Asap
In 50 words, answer the following question: In class, we talked about how social media is a common resource. Do you think the providers of social media forums should regulate the behavior of users? If not, why not? If so, how? (Hint: think economically. How could the providers (not) solve the problems with common resources by regulating?)
e) What impact does social media have on businesses?f) What are the characteristics of a good radio script?
How does different industry organizations use social media?
Aruna owns Pottery Plus, a small firm that produces terra cotta pots for sale in the Edmonton area. The graph below shows Aruna's demand curve. Price ($) 40 36 32 28 24 20 16 12 8 4 0 4 8 12 16 20 24 28 32 36 40 Quantity per period
You are a manager of an advertising company. The company is running short of funds, so you decide to increase revenue. should you increase or decrease the price of funning ad? explain
Which statement is NOT a feature of markets for network goods? A. Standard wars are common in establishing network goods. B. Network goods are usually sold by monopolies or oligopolies. C. When networks are important, the “best” product may not always win. D. Competition in the market for network goods is “in the market” instead of “for the market."