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Managerial Economics Homework Help?


Assume the quantity of bananas is measured on the horizontal axis and the quantity of oranges is measured on the vertical axis. If John likes both bananas and oranges then his marginal rate of substitution along the indifference curve indicates:
Answer
how many oranges he is willing to give up to obtain one more banana.
how many additional oranges he wants to give up two bananas.
how many oranges he is willing to give up to get rid of one banana.
how many bananas he is willing to give up to get rid of one orange.
If a local bar increased the price of a pint of the local beer by 20%, it estimates the number of customers purchasing the local beer would decrease by 4%. Based on this data,
Answer
total revenue would increase because demand is elastic.
total revenue would decrease because demand is elastic.
total revenue would remain the same.
total revenue would increase because demand is inelastic.
ABC Inc has captured the market for school glue. It is preferred by both students and parents alike. It takes very little capitalization to enter the market but nobody successfully does. The glue clearly needs no patents or secret formulas. This type of market is called:
Answer
pure or perfect competition.
monopolistic competition.
oligopoly.
monopoly.
Raymond pays $80 for tickets to see his favorite sports team play. With 12 minutes left in the game, his team is losing heavily and has no chance of winning the game. Raymond chooses to stay until the end of game because he wants to get the full value for his admission price. If Raymond were thinking as an economist, he should:
Answer
leave the game now since the line to exit the stadium is shorter now
leave the game now if his marginal benefit of leaving is greater than marginal cost, since the admission price is a sunk cost
stay until the end of the game since he might be heckled on the way out
stay until the end of the game since his intuition is correct
If the demand for good X displays high and positive cross-price elasticity with respect to the price of good Y, then:
Answer
the demand for good X is likely to have a low price elasticity
goods X and Y are complements
goods X and Y are substitutes
the demand for good B is likely to have a low price elasticity
Janet owns an auto parts firm. She uses a combination of steel and aluminum to produce her auto parts. All of the following combinations will finish the task on time. Steel costs $15 per unit and the aluminum costs $50 per unit. What combination of steel and aluminum should she use?
Answer
10 units of steel and 10 units of aluminum
12 units of steel and 8 units of aluminum
15 units of steel and 7 units of aluminum
20 units of steel and 6 units of aluminum

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Economics Questions Help!?


When Gillette Co. unveiled Mach3, the world’s first triple-blade razor, it took a bold gamble…. Mach3 cartridges were to sell for around $1.60 each. Skeptics predicted the personal-care giant would soon be forced to cut that price. But the price is holding and Mach3 has become the No. 1 blade and razor. What’s the secret to pricing power? For starters, a commitment to innovation. Gillette spent nearly $1 billion on the development and initial marketing of Mach3.
Based on the passage, what type of monopoly is helping Gillette Co. maintain a high price for its Mach3 razor?
a. technological monopoly
b. natural monopoly
c. geographic monopoly
d. government monopoly
The Federal Trade Commission (FTC) reviews mergers to ensure that they do not substantially lesson competition. The agency certainly was busy in 1998. In that year, the number of announced mergers involving American companies exceeded 7,750. A survey conducted in 1999 suggests that the FTC’s workload will not dwindle in the near future. Of the companies polled in the survey, more than one third said that they intended to acquire other companies within the year.
This passage suggests a trend toward
a. decreased competition.
b. deregulation.
c. greater competition.
d. more power for the Federal Trade Commission.
On an average shopping trip, a consumer’s eye lingers on a product for only about 2.5 seconds. In order to stay competitive, companies experiment with new formulas, along with the color and size of the product’s packaging. These research and development costs can range from $100,000 for adding a new color to an existing product line to millions of dollars for the creation of a new product.
According to the passage, companies are trying to compete through
a. product differentiation.
b. economies of scale.
c. price-fixing.
d. nonprice competition.

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Help Me With Ad Marketing (get Money For Each Click On Your Link)?


Hi guys,
So i want to start Making money from the internet. I have tried the thing called affiliate marketing where i chose a product and i would get a certain % of the sales. But now i heard about something where you promote a link and whenever someone clicks on the link / ad you get like 0.001 € per click. Now i have never tried it and i dont even know what it is called so my questions are:
1. Is there a thing like this?
2. If there is; What is it called?
3. If there is; Do you have a guide where i can learn how to do this in the most effective way. ¨
Thanks a lot
Jonathan

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Instagram Help Please?


First time on Instagram… Don’t want to feel like I don’t have followers on it and very few pics, ya know?
So my twitter account has a couple thousand followers, pics and whatever. So my question is- is there any way I can affiliate/use Instagram WITH my twitter? Thx!!

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Help With Accessorizing?


Hello everyone. Now I’ve decided that I’m definitely wearing this dress to my boyfriend’s graduation:http://www.nastygal.com/product/metallic…
I need help with accessorizing it though. I’d like to wear a blazer, but I don’t know what cut or color. I also don’t know what type of shoes I should wear. If anyone could give me links to a cute blazer, shoes, and jewelry to go with this dress it would be greatly appreciated.

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Please Help Me With This Sentence?


Tryst: an appointment, as by lovers; to meet. In Scotland the word refers to a market, but the Old French triste (hunting rendezvous) suggests that the Gallic hunters were not always after wild game.
a. The trysting place at the college remained a guarded secret among the fraternity members.
b. Martha came home very late from the tryst, bleary-eyed but happy.
Source: 601 Words you need to know, Fourth Edition
by Murray Bromberg and Julius Liebb, Printed in
the US (New York), unit1, lesson 9 (Time on Our Hands), page 41.
Hi,
What does this (Gallic hunters were not always after wild game) mean in the text I have posted?
I can’t understand it especially (after wild game) makes no sense to me.
Would you please clarify it to me?
Thank you.

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