Overview A high unemployment rate in any economy is a symptom of dysfunctionality in the economy. People need income to be able to consume, and consumption leads to production and production leads to a higher demand for labor (employment), so unemployment is a crucial macroeconomic issue that confronts all modern economies. A lower unemployment rate, however, is not the end of the problem. The type […]
EDLC 510 Understanding Special Education Paper Assignment Instructions Overview Special education provides educational opportunities for students who need additional support to make academic or social progress in school. All educators need to understand the components of special education because effective special education programs include collaboration with a variety of educators, administrators, and school staff. Instructions For this assignment, you will write a research paper of […]
Overview Family and medical leave is a valuable benefit that allows time off for employees who need to support their own or a family member’s serious health condition or for employees to take time off after the birth or adoption of a child. The Family and Medical Leave Act (FMLA) is a federal law that guarantees job-protected unpaid leave to certain eligible workers to care […]
Your team is to analyze the case presented much like the cases submitted via Turnitin. Instead of developing a written paper, your team is to develop a presentation covering all of the elements that would have been covered in a research paper. Sources must be properly cited, and at least two sources other than the textbook must be used to include outside court cases. The […]
Example Below: For your initial posting , evaluate ONE of your information sources for your IT client in the IC Project and write an Annotated Bibliography Entry and include the following information: (See SAMPLE ANNOTATION ENTRY above to assist you.) · Source citation (as the heading of the annotation) following the APA format for the type of source you have selected. The information source must […]
Background The Institute of Management Accountants (IMA) outlines standards for competence, confidentiality, integrity, and credibility in its Statement of Ethical Professional Practice, which managerial accountants are required to uphold. You can access this statement through the following linkLinks to an external site. or refer to the attached document titled ‘IMA_Ethics Card_Color_2022.pdf ‘. Task Choose two of the following situations and respond to the following question in a […]
You are a Training Specialist hired by Universal Medical Supplies, Inc. This organization has been experiencing low productivity and errors in communication in the workplace. As part of an ongoing professional development series, the Vice President of the Human Resources department has tasked you with creating Critical Thinking training materials. The materials will be presented in many forms and by various means to help improve […]
Stage One of the Ethical Analysis Essay – Create an Outline Instructions: The purpose of this assignment is to write an outline as the first step of the Ethical Analysis Essay that is due near the end of the term. The Ethical Analysis Essay requires that you analyze a film’s ethical dimensions that include its characters and the story. First, select a film from the […]
Complete a case study of ABC Corporation. You will find the case in the case section of the text. A formal, in-depth case study analysis requires you to utilize the entire strategic management process. Assume you are a consult asked by the ABC Corporation to analyze its external/internal environment and make strategic recommendations. You must include exhibits to support your analysis and recommendations. INSTRUCTIONS […]
Discussion: Discuss how the three-dimensional art can stimulate the Naturalistic intelligence from Gardner’s theory. Charvita Tolbert The hypothesis of multiple intelligences developed by the psychologist Howard Gardner postulates that individuals have distinct ways of utilizing knowledge and that humans do not possess all forms of intellect from birth. Stated differently, even beyond the completion of our formal education, we are constantly learning and developing throughout […]
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 it ________.
A) helps; lowers marginal cost
B) harms; definitely increases average total cost
C) helps; provides a signal and information about the sunglasses
D) harms; increases the elasticity of demand
E) helps; 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) 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) have 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.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more