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Question : 11) How do advertising and other selling costs affect a : 1226255

Economics

 

11) How do advertising and other selling costs affect a firm?

A) They shift the marginal cost curve upward.

B) The only effect is that the excess capacity is reduced.

C) The only effect is that the demand for the product increases.

D) They shift the average total cost curve upward.

E) They do not change demand and shift the average total cost curve downward.

 

12) In which of the following ways do advertising and other selling costs affect a firm’s cost curves?

i.Advertising expenditures increase total fixed costs.

ii.Selling costs increase total fixed costs.

iii.Advertising and other selling costs per unit of output decrease as output increases.

A) i only

B) i and ii

C) iii only

D) i and iii

E) i, ii, and iii

13) In the long run, advertising by all firms in a monopolistically competitive industry

A) increases all firms’ demand.

B) decreases all firms’ demand.

C) lowers all firms’ costs.

D) might increase or decrease the firms’ prices.

E) lowers all firms’ prices.

 

14) In the example of the Nike running shoe, we see that

A) selling costs account for over half of a shoe’s retail price.

B) materials actually account for two-thirds of the retail price of the shoes.

C) taxes account for one-quarter of the retail price of the shoes.

D) production costs exceed selling costs by a wide margin.

E) raw materials costs are by far the largest component of the total costs of producing the shoes.

 

15) A sunglass manufacturer spends a lot of money to promote its brand name. This promotion ________ consumers because ________.

A) helps; it lowers marginal cost

B) harms; definitely increases average total cost

C) helps; it provides a signal and information about the sunglasses

D) harms; increases the elasticity of demand

E) helps; it is a fixed cost and not a variable cost

16) When weighing the efficiency of monopolistic competition, which of the following should be considered?

i.The information provided by advertising

ii.Product variety

iii.The extra cost of excess capacity

A) ii only

B) i and iii

C) ii and iii

D) i, ii, and iii

E) iii only

 

17) Because economic profits are eliminated in the long run in monopolistic competition, to make an economic profit firms continuously

A) shut down.

B) exit the industry.

C) develop and market new products.

D) declare bankruptcy.

E) decrease their costs by decreasing their selling costs.

 

18) A firm in monopolistic competition that introduces a new and differentiated product will temporarily have a ________ demand for its product and is able to charge a ________.

A) less elastic; a lower price than before

B) less elastic; a higher price than before

C) more elastic; a lower price than before

D) more elastic; a higher price than before

E) less elastic; the same price as before

19) The decision to innovate

A) depends on the marketing department’s needs.

B) depends on whether the firm wants to benefit its customers.

C) is based on the marginal cost and the marginal revenue of innovation.

D) is unnecessary in a monopolistically competitive market.

E) None of the above answers is correct.

 

20) Advertising costs and other selling costs are

A) efficient.

B) fixed costs.

C) variable costs.

D) marginal costs.

E) considered as part of demand because they affect the demand for the good.

 

21) For a firm in monopolistic competition, selling costs

A) increase costs and reduce profits.

B) always increase demand.

C) can change the quantity produced and lower the average total cost.

D) can lower total cost.

E) has no effect on the quantity sold.

 

22) If advertising increases the numbers of firms in an industry, each firm’s demand

A) increases.

B) does not change.

C) decreases.

D) might increase or decrease depending on whether the new firms produce exactly the same product or a product that is slightly differentiated.

E) None of the above answers is correct.

23) One reason a company advertises is to

A) signal consumers that its product is high quality.

B) lower its total cost.

C) produce more efficiently.

D) lower its variable costs.

E) lower its fixed costs.

 

24) The efficiency of monopolistic competition

A) is as clear-cut as the efficiency of perfect competition.

B) depends on whether the gain from extra product variety offsets the selling costs and the extra cost that arises from excess capacity.

C) comes from its excess capacity.

D) is eliminated in the long run.

E) is equal to that of monopoly.

 

 

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July 1, 2023
    

  

SOCW 6351: Social Policy, Welfare, and Change

Week 4 Discussion 1: The Effects of Means-Tested Social Programs

What is welfare? When you hear the word “welfare,” do you picture images of individuals who are facing hard times? While there is more than one type of social program available in the United States to those who need it, social welfare programs like TANF provide assistance to families in need through government tax revenues. Programs like these are often referred to as “public assistance” or “means-tested programs.” These programs have eligibility criteria that are based on the individual’s or the family’s household income and assets. Do these types of programs exist in your state or region? If so, what are the criteria? If you encountered a client like Eboni Logan, from the Logan Family video, who soon will become a mother, how might you best assist her in obtaining benefits from these types of programs?

For this Discussion, review this week’s resources, including the Logan Family video case. Consider the means-tested programs that might be available to her in your state or region. Then, think about the likely long-term outcomes for Eboni and her child, if she chooses to parent. Finally, reflect on the state welfare policies that might help her manage the responsibilities of parenthood.

By Day 09/22/2021

Post a brief explanation of the means-tested programs that might be available to Eboni. Be sure your answer is specific to the means-tested programs available in your state or region(My state is Florida the South Region ). Then, explain the potential long-term outcomes for Eboni and her child, if she chooses to parent. Finally, explain the state public assistance policies that might help Eboni manage the responsibilities of parenthood.

Support your post with specific references to the resources. Be sure to provide full APA citations for your references.

Required Readings

Popple, P. R., & Leighninger, L. (2019). The policy-based profession: An introduction to social welfare policy analysis for social workers (7th ed.). Upper Saddle River, NJ: Pearson Education.

· Chapter 6, “Fighting poverty: Temporary Assistance to Needy Families” (pp. 99-136)

Bentele, K. G., & Nicoli, L. T. (2012). Ending access as we know it: State welfare benefit coverage in the TANF era. Social Service Review, 86 (2), 223–268.

Posiniewski, L. (2011). A unique approach to meeting the employment and training needs of food stamp recipients. Policy & Practice, 69(2), 14–15.

Plummer, S. -B., Makris, S., & Brocksen, S. (Eds.). (2014). Sessions: Case histories. Baltimore: MD: Laureate International Universities Publishing. [Vital Source e-reader].

· Part 1, "The Logan Family" (pp. 9–10)

U.S. Department of Health & Human Services. (n.d.). Office of Planning, Research & Evaluation. Retrieved November 14, 2013, from http://www.acf.hhs.gov/programs/opre/research

Required Media

Laureate Education (Producer). (2013). Sessions: Logan family (Episode 4 of 42) [Video file]. Retrieved from https://class.waldenu.edu

Responsiveness to Directions

27 (27%) - 30 (30%)

Discussion posting fully addresses all instruction prompts, including responding to the required number of peer posts.

Discussion Posting Content

27 (27%) - 30 (30%)

Discussion posting demonstrates an excellent understanding of all of the concepts and key points presented in the text(s) and Learning Resources. Posting provides significant detail including multiple relevant examples, evidence from the readings and other scholarly sources, and discerning ideas.

Peer Feedback and Interaction

22.5 (22.5%) - 25 (25%)

The feedback postings and responses to questions are excellent and fully contribute to the quality of interaction by offering constructive critique, suggestions, in-depth questions, additional resources, and stimulating thoughts and/or probes.

Writing.

13.5 (13.5%) - 15 (15%)

Postings are well organized, use scholarly tone, contain original writing and proper paraphrasing, follow APA style, contain very few or no writing and/or spelling errors, and are fully consistent with graduate level writing style.

link to all articles:  https://drive.google.com/drive/folders/1EdJRNdMGRXu32eRvKSd_lbzRzPTdEu3F?usp=sharing

default image
July 1, 2023
    

  

SOCW 6351: Social Policy, Welfare, and Change

Week 4 Discussion 1: The Effects of Means-Tested Social Programs

What is welfare? When you hear the word “welfare,” do you picture images of individuals who are facing hard times? While there is more than one type of social program available in the United States to those who need it, social welfare programs like TANF provide assistance to families in need through government tax revenues. Programs like these are often referred to as “public assistance” or “means-tested programs.” These programs have eligibility criteria that are based on the individual’s or the family’s household income and assets. Do these types of programs exist in your state or region? If so, what are the criteria? If you encountered a client like Eboni Logan, from the Logan Family video, who soon will become a mother, how might you best assist her in obtaining benefits from these types of programs?

For this Discussion, review this week’s resources, including the Logan Family video case. Consider the means-tested programs that might be available to her in your state or region. Then, think about the likely long-term outcomes for Eboni and her child, if she chooses to parent. Finally, reflect on the state welfare policies that might help her manage the responsibilities of parenthood.

By Day 09/22/2021

Post a brief explanation of the means-tested programs that might be available to Eboni. Be sure your answer is specific to the means-tested programs available in your state or region(My state is Florida the South Region ). Then, explain the potential long-term outcomes for Eboni and her child, if she chooses to parent. Finally, explain the state public assistance policies that might help Eboni manage the responsibilities of parenthood.

Support your post with specific references to the resources. Be sure to provide full APA citations for your references.

Required Readings

Popple, P. R., & Leighninger, L. (2019). The policy-based profession: An introduction to social welfare policy analysis for social workers (7th ed.). Upper Saddle River, NJ: Pearson Education.

· Chapter 6, “Fighting poverty: Temporary Assistance to Needy Families” (pp. 99-136)

Bentele, K. G., & Nicoli, L. T. (2012). Ending access as we know it: State welfare benefit coverage in the TANF era. Social Service Review, 86 (2), 223–268.

Posiniewski, L. (2011). A unique approach to meeting the employment and training needs of food stamp recipients. Policy & Practice, 69(2), 14–15.

Plummer, S. -B., Makris, S., & Brocksen, S. (Eds.). (2014). Sessions: Case histories. Baltimore: MD: Laureate International Universities Publishing. [Vital Source e-reader].

· Part 1, "The Logan Family" (pp. 9–10)

U.S. Department of Health & Human Services. (n.d.). Office of Planning, Research & Evaluation. Retrieved November 14, 2013, from http://www.acf.hhs.gov/programs/opre/research

Required Media

Laureate Education (Producer). (2013). Sessions: Logan family (Episode 4 of 42) [Video file]. Retrieved from https://class.waldenu.edu

Responsiveness to Directions

27 (27%) - 30 (30%)

Discussion posting fully addresses all instruction prompts, including responding to the required number of peer posts.

Discussion Posting Content

27 (27%) - 30 (30%)

Discussion posting demonstrates an excellent understanding of all of the concepts and key points presented in the text(s) and Learning Resources. Posting provides significant detail including multiple relevant examples, evidence from the readings and other scholarly sources, and discerning ideas.

Peer Feedback and Interaction

22.5 (22.5%) - 25 (25%)

The feedback postings and responses to questions are excellent and fully contribute to the quality of interaction by offering constructive critique, suggestions, in-depth questions, additional resources, and stimulating thoughts and/or probes.

Writing.

13.5 (13.5%) - 15 (15%)

Postings are well organized, use scholarly tone, contain original writing and proper paraphrasing, follow APA style, contain very few or no writing and/or spelling errors, and are fully consistent with graduate level writing style.

link to all articles:  https://drive.google.com/drive/folders/1EdJRNdMGRXu32eRvKSd_lbzRzPTdEu3F?usp=sharing

default image
July 1, 2023
    

  

SOCW 6351: Social Policy, Welfare, and Change

Week 4 Discussion 1: The Effects of Means-Tested Social Programs

What is welfare? When you hear the word “welfare,” do you picture images of individuals who are facing hard times? While there is more than one type of social program available in the United States to those who need it, social welfare programs like TANF provide assistance to families in need through government tax revenues. Programs like these are often referred to as “public assistance” or “means-tested programs.” These programs have eligibility criteria that are based on the individual’s or the family’s household income and assets. Do these types of programs exist in your state or region? If so, what are the criteria? If you encountered a client like Eboni Logan, from the Logan Family video, who soon will become a mother, how might you best assist her in obtaining benefits from these types of programs?

For this Discussion, review this week’s resources, including the Logan Family video case. Consider the means-tested programs that might be available to her in your state or region. Then, think about the likely long-term outcomes for Eboni and her child, if she chooses to parent. Finally, reflect on the state welfare policies that might help her manage the responsibilities of parenthood.

By Day 09/22/2021

Post a brief explanation of the means-tested programs that might be available to Eboni. Be sure your answer is specific to the means-tested programs available in your state or region(My state is Florida the South Region ). Then, explain the potential long-term outcomes for Eboni and her child, if she chooses to parent. Finally, explain the state public assistance policies that might help Eboni manage the responsibilities of parenthood.

Support your post with specific references to the resources. Be sure to provide full APA citations for your references.

Required Readings

Popple, P. R., & Leighninger, L. (2019). The policy-based profession: An introduction to social welfare policy analysis for social workers (7th ed.). Upper Saddle River, NJ: Pearson Education.

· Chapter 6, “Fighting poverty: Temporary Assistance to Needy Families” (pp. 99-136)

Bentele, K. G., & Nicoli, L. T. (2012). Ending access as we know it: State welfare benefit coverage in the TANF era. Social Service Review, 86 (2), 223–268.

Posiniewski, L. (2011). A unique approach to meeting the employment and training needs of food stamp recipients. Policy & Practice, 69(2), 14–15.

Plummer, S. -B., Makris, S., & Brocksen, S. (Eds.). (2014). Sessions: Case histories. Baltimore: MD: Laureate International Universities Publishing. [Vital Source e-reader].

· Part 1, "The Logan Family" (pp. 9–10)

U.S. Department of Health & Human Services. (n.d.). Office of Planning, Research & Evaluation. Retrieved November 14, 2013, from http://www.acf.hhs.gov/programs/opre/research

Required Media

Laureate Education (Producer). (2013). Sessions: Logan family (Episode 4 of 42) [Video file]. Retrieved from https://class.waldenu.edu

Responsiveness to Directions

27 (27%) - 30 (30%)

Discussion posting fully addresses all instruction prompts, including responding to the required number of peer posts.

Discussion Posting Content

27 (27%) - 30 (30%)

Discussion posting demonstrates an excellent understanding of all of the concepts and key points presented in the text(s) and Learning Resources. Posting provides significant detail including multiple relevant examples, evidence from the readings and other scholarly sources, and discerning ideas.

Peer Feedback and Interaction

22.5 (22.5%) - 25 (25%)

The feedback postings and responses to questions are excellent and fully contribute to the quality of interaction by offering constructive critique, suggestions, in-depth questions, additional resources, and stimulating thoughts and/or probes.

Writing.

13.5 (13.5%) - 15 (15%)

Postings are well organized, use scholarly tone, contain original writing and proper paraphrasing, follow APA style, contain very few or no writing and/or spelling errors, and are fully consistent with graduate level writing style.

link to all articles:  https://drive.google.com/drive/folders/1EdJRNdMGRXu32eRvKSd_lbzRzPTdEu3F?usp=sharing

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