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 running ads? Explain.
Q: The current fleet size of BlueSG in Singapore is 667 cars. With your proposed new pricing structure,...
A: Price elasticity of demand refers to the percentage change in demand due to a percentage change in p...
Q: 5 a.) Draw a market where consumers demand health insurance and insurance companies supply insurance...
A: Just as the price is determined, in the same way, the premium of the insurance is also determined. H...
Q: 3. A skilled carpenter named B can make a chair in five hours. It would take me eight hours to make ...
A: Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers pay...
Q: Banks make more money from securitising pools of mortgages rather than holding on to individual mort...
A: Banks follow the policy of securitisation to reduce the debt burden and free up capital and increase...
Q: Q2) The production function of a small economy is Y=K0.3L°7. K is the amount of capital (land), L is...
A: (a) Production function Y = K0.3 L0.7 Where K is land and L is labor ---------------------------- ...
Q: Are beer and pretzels complements or substitutes?
A: Answer:- Yes beer and pretzels are substituted as pretzels are being substituted by relatively cheap...
Q: What effect will a properly passed statute have on inconsistent judge-made law (case Law) in Canada?
A: Although section 2 of the Canadian Bill of Rights is similar, it does not have an identical provisio...
Q: The income elasticity of Abigail’s demand for CDs is 0,75. For Abigail Cds are a normal good or an i...
A: There is a form of government which is known as democratic government.It has been seen that there is...
Q: Explain about one or two specific commodities. How do they appear in the store? What message is the ...
A: In simple word we can say that "Commodity is a good that can be traded and interchangeable with othe...
Q: Is globalization a phenomenon trend? Justify your answer or a
A: Globalization is the method by which individuals and product move simply across borders. primarily, ...
Q: ont Total cost Output pil changes per hour) (dollars p er hour) 10 1 20 35 3 50 4 so
A: Fixed cost is the cost that remains same at all levels of output whereas variable cost is the cost t...
Q: The following table shows the total revenue and total cost of a firm at the various quantities of ou...
A: Total cost is the sum of all the costs that a firm incurs for the production of a good. The total re...
Q: If taxes are increased, will most people save more or less than before? Does national saving rise o...
A:
Q: Assume that machine (K) and labor (L) can be used as perfect complements to perform some administrat...
A: Given Production function: Q=10min(K,L) .... (1) Where K is machine and L is labor
Q: these two investment alternatives to be equivalent at an interest rate of i = 15% per year: 1.7H 2P ...
A: The term cash flow refers to the net amount of cash and cash equivalents being transferred in and ou...
Q: Suppose that an investor wishes to deposit an amount now so that in 30 years $1,000,000 will be in a...
A: Let the amount deposited now be represented by P. Let F represents $1,000,000 which appears to be in...
Q: Fiat money O A. has no intrinsic value. B. is different from paper money. OC. is not used as a unit ...
A: Answer:- (A) has no intrinsic value.
Q: The market for cookies is represented by the following supply and demand conditions: QD =1,000 – 200...
A: Demand : Qd=1000-200P Supply: Qs=400P-200 Equilibrium price and quantity Qd=Qs 1000-200P=400P-200 60...
Q: 1) Average prices received and corresponding total production for the five leadıng grain crops in Ka...
A: The Fisher Price Index, also known as the Fisher's Ideal Price Index, is a consumer price index (CPI...
Q: Q3. Study Appendix Determining Adverse Impact. Textbook typo: Step D Since 53.8% is less than four-f...
A: Answer: Groups Job Applications Number Hired Selection rate% hired White 50 12 24% Black 80 ...
Q: If taxes are reduced , will most people save more or less than before ? Does national saving rise or...
A: The aggregate spending behaviors of families and public and private substances can swiftly influence...
Q: When a company decides to sell its stock to the public for the first time, it hires the services of ...
A: In a market, a firm generally raise funds by issuing bonds or borrowing money from financial institu...
Q: Vhich of the following statements about labour productivity (Y/L), also known as the average product...
A: Labour Productivity : Labour productivity measures the hourly output of a country's economy. It is ...
Q: Calculate the steady state level of investment in an economy with a savings rate of 15%, population ...
A: The steady-state level of investment in an economy is when investment is equal to the depreciation, ...
Q: 1. Mansour consumes only peanut butter (X) and jelly (Y) and has the following utility function: U =...
A:
Q: AGRICULTURAL INSURANCE for a standard premium of one percent. Los ratios (indemnities divided by pre...
A: Agriculture insurance- Insurance is done to recover from the loss occur due to disaster which damage...
Q: If a firm's average variable cost curve is rising, its marginal cost curve must be
A: To find: What should be Marginal curve.
Q: What is the total variable cost of 2 oil changes?
A: Total cost is the sum of fixed cost and variable cost.
Q: In-class activity: 1. Create an email signature - Full Name - Address Phone Number - Fax Number - We...
A: 1 XZZ LAST NAME Department. Building No. 111, nd Floor, LOS ANGELES, New York Pin Code Phone Fa...
Q: 5
A: Utility is the measure of satisfaction that a consumer derives from the consumption of a good or a n...
Q: 8. Rank the following assets from most liquid to least liquid: a. Bank deposits b. Real estate wea...
A: In an economy, the liquidity of monetary instruments depends upon the time taken them to convert int...
Q: An issuing bank is responsible for: O a. preparing a bill of lading b. making freight arrangements O...
A: In the banking sector, banks are now perform many more activities than accepting deposits and lendin...
Q: Farm operations, especially the raising of food crops, have been exposed to many risks or uncertaint...
A: Agricultural insurance Agricultural insurance is a policy in which the insured (farmer) pays a small...
Q: This question will take more time to answer This question aims to explore some of the points discuss...
A: The steady state level is achieved where the per capita variables do not change any longer. conditi...
Q: why is it not realistic for a PPF curve to be straight?
A: PPF or Production Possibility Frontier is a locus of all the combinations of two goods that an econo...
Q: Binter wants to have a fund amounting to Php6,500,000 available after 10 years. He will set up a sin...
A: The formula future value of annuity is as follows, F = P * [ { (1+i/12)n*12 - 1 } / i/12 ]
Q: D1 Price K N D2 D3 Qty P.
A: When the government raises a tax on a good, the supply curve shifts to the left, consumer prices ris...
Q: The opportunity cost of a decision is the sum of all the foregone benefits that you'd receive from a...
A: Every choice needs a trade-off because resources are limited. Opportunity cost arises when there is ...
Q: 1 The simple two period model presented in class can be modified as follows: Demand: P =...
A: Profit maximization condition: Price (P) = Marginal cost (MC)
Q: Kids in the city were willing and able to buy 12 rolls of cotton candy when the price was $1.00 each...
A: Demand schedule: This shows the different combinations of price and quantity demanded of a good. The...
Q: 3. Assume a country produces bag and potato only and follows "law of increasing opportunity cost". I...
A: According to the "law of increasing opportunity cost", as the production of one good is increasing, ...
Q: A college education creates positive externalities. Use the accompanying graph which represents the ...
A: As Education creates positive externality, the Demand curve will shift to the right, giving rise to ...
Q: A person buys a car for a down payment of 50,000 and a monthly payment of 35,000.00 for 9 years begi...
A: If the annual rate of interest is 8%, the monthly rate of interest is 8/12=23% So the present value ...
Q: If a firm is enjoying modest accounting profit but incurring significant economic losses, which of t...
A: Here, it is given that a firm is enjoying a high accounting profit, but facing an economic loss.
Q: kindly explain factor vouch insurance startup factors demand and supply of the company?
A: Vouch insurance Vouch Insurance is a brand-new kind of startup insurance platform.Vouch's totally di...
Q: Question 8 Brightly colored emergency vehicles use this to get people's attention: perspective O mot...
A: 8. Vividness refers to an innate ability of an individual to notice bright and alluring images or co...
Q: Calculate the GDP deflator and the rate of inflation for each year: (€ million) 2013 2014 2015 Nomin...
A: The GDP deflator monitors price changes across all goods and services produced in a nation.The GDP p...
Q: In Billion of AED Gross domestic product 23,560 Goods produced in foreign countries with UAE. Capita...
A: The Gross Domestic Product (GDP) can be measured in multiple approaches, like: The Product Approac...
Q: Price level (GDP price index 2012-100) Pecencial AS 130 GDP 120 110 100 90 AD 165 19.0 193 200 20.3 ...
A: The potential GDP is $20 trillion. Vertical line labeled Potential GDP. The economy is in equilibri...
Q: Suppose that investment depends on both output and the interest rate and there is an increase in con...
A: Consumer confidence:- Consumer confidence can be explained as an indicator of the economy. It gauges...
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
running ads? Explain.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 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? explainPART A - 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 running ads? Explain.Describe the difference between an everyday low price strategy (EDLP) and a high/low price strategy
- Do you agree that discounts represent the best policy for attracting customers?Demand for Ally's Air Fryer shopAnswer the following questions: What product do you use that you would use regardless of the price? Why? Is this related to price elasticity of demand, or is it personal preference? Provide the URL for this product so we can learn more about it.
- ElasticityYour Best Brand Bike Shorts - BBB Shorts have been flying off the shelf. Your chief economist tells you that during the Covid-19 pandemic, "the taste for bicycling has changed. The price elasticity of demand is much more inelastic. The price elasticity of demand has decreased from -5.76 to -2.70." Before the campaign, your price was $240 per pair of BBB Shorts. What should the new price be? Please enter the new price here: $ [a] Show only your answer in the box. Do not include steps in the box and do not add the dollar sign.Your Best Brand Bike Shorts - BBB Shorts have been flying off the shelf. Your chief economist tells you that during the Covid-19 pandemic, "the taste for bicycling has changed. The price elasticity of demand is much more inelastic. The price elasticity of demand has decreased from -5.76 to -2.70." Before the campaign, your price was $240 per pair of BBB Shorts. What should the new price be? Please enter the new price here: $ [a] Show only your answer in the box. Do not include steps in the calculation and do not include the dollar sign.
