Suppose you have exams in economics and astronomy tomorrow, and you only have four hours left to study. The accompanying table provides with combinations of time spent studying economics and astronomy and your expected exam scores: Hours spent studying economics 0 1 2 Economics exam score Hours spent studying astronomy Astronomy exam score 60 4 92 80 3 90 90 2 87 95 98 1 0 83 70 3 4 a) Suppose you were planning on splitting your time evenly between the two subjects. What is the opportunity cost, in terms of your marks, of studying one extra hour for economics or one extra hour of astronomy? b) If your goal is to maximise your combined exam scores, how many hours should you spend studying each subject?

Q: How much profit did the restaurant earn in each period? Remember that the quantity on the graph is…

A: Profit = Total Revenue - Total Cost Total Revenue = Price*Quantity Total Cost = Average Total…

Q: Economics What are two positive and negative externalities that would affect an online subscription…

A: The word "externality" is derived from the Latin word "externus," which means "outside" or…

Q: why monopolistic competition the food industry

A: Barriers to entry conveys the number of restrictions faced by a business firm in its attempt to…

Q: What is a corporate merger What is an acquisition

A: Merger refers to a process whereby two companies combine together to act as a single entity. The…

Q: Your friend has recently started her own business producing water bottles. The water bottles have a…

A: In Economics, different types of industries are classified based on the nature of competition…

Q: What are the reasons for increasing and decreasing factors of supply in e-commerce?

A: Some of the factors include: Price: If the price product is high, the quantity supplied will rise…

Q: What are the typical orientation of the markets and audiences for new online media producers?

A: Market orientation often includes improvements in customer service and product support geared to…

Q: What are the advantages of personal selling over otherforms of customer communication?

A: Personal selling: personal selling is where the business use sales force people to sell the products…

Q: As you review the Facebook site, you note that packagingfor your company’s bread uses the words…

A: Bread is very nutrient for our health but at the same time it is considered as a major source of…

Q: Explain the importance of reading a classification tree effectively? How could this benefit an…

A: This philosophy is all the more usually known as a classification tree effectively from information…

Q: Draw a graph of Pepsi company that related to the product differentiation.

A: Monopolistic competition: It has the features of both a monopoly and a perfectly competitive market.…

Q: How long does a trademark last?

A: A trademark is a symbol which denotes a specific product or service which legally differentiates…

Q: When a media company promotes itself as reaching a particular demographic, how should we use that…

A: Media company promotes itself by reaching out in the particular demographic, through understanding…

Q: How does United Airlines Company implement Social media strategy and zones?

A: The current situation of United Airlines: weakness, strengths, threats and opportunities, are…

Q: a competitive analysis for a telecommunications company

A: A competitive firm is one which has a large number of firms producing and selling the goods which…

Q: Pick a business you use and tell which market they are in and why.

A: A market is a place where the buyers and sellers interact with each other party and determine the…

Q: How can intellectual property rights be protected?

A: Intellectual Property Rights are defined as the legal rights which protects the inventions or…

Q: What can be used to influence and shape consumers’ intangible preferences in order to differentiate…

A: The objective of the question is to identify the strategy that can be used to influence and shape…

Q: on average, the price of a patented pharmeceutical drops between 30-50 percent after the patent…

A: GIVEN   on average, the price of a patented pharmeceutical drops between 30-50 percent after the…

Q: Of the bad listening practices listed, which do you use the most? why do you think you use more than…

A: Mind wandering refers to a spontaneous shift of attention from the main task. This process is…

Q: Distinguise the Perfect Information and Imperfect Infomation.

A: The concepts of Perfect Information and Imperfect Information are about game theory. Perfect…

Q: How are the characteristics and marketing needs of the product and service brands you selected…

A: To satisfy the demands and expectations of diverse customer segments, all goods and services…

Q: Discuss the short-run and long-run welfare effects of high-speed internet.

A: High-speed internet  has many economic implications in any country. With the advancement in…

Q: How do marketers use emotions in product designand advertising?

A: Emotional marketing refers to marketing and advertising that primarily uses emotional appeals to…

Q: How has legalizing recreational marijuana affected Colorado's economy?

A: Marijuana refers to the dried flowers of cannabis that are used as a psychoactive drug which is…

Q: Would it be ethical if Facebook profited from selling your and others' personal information to…

A: Ethical issues in the business refer to the decisions of business affecting the moral standards of…

Q: Provide an overview and description of several e-commerce strategies that can be implemented through…

A: Ecommerce, often known as electronic commerce or online commerce, is the purchasing and selling of…

Q: What are the consequences of reduced publicfunding?

A: Public funds are collected through the public by means of taxes, interests, fees, etc. These funds…

Q: Suppose your company had just developed a new TV set that had TiVo (the digital video recorder)…

A: Pricing decisions are diverse determinants of an organization's performance, requiring a methodical…

Q: What factors might explain why various retailers can still charge different prices for the same…

A: The various factors which could affect the costs on the web even after its claim for an ideal market…

Q: Why is mobile connectivity considered a disruptivetechnology?

A: Disruptive technology: It is an advancement that altogether adjusts how customers, ventures, or…

Q: What is Facebook's International Strategy? Please answer I will rate

A: Facebook has its eyes set on worldwide control, and it's rapidly executing its arrangement to…