Transcribed Image Text from this QuestionQuestion 1 (4 points) Saved Choosing which customers to…
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Transcribed Image Text from this QuestionQuestion 1 (4 points) Saved Choosing which customers to service and which customers to ignore is crucial because allows firms to concentrate their efforts on their ideal customers reduces wasted efforts of going after inappropriate customers all of these are correct can improve overall profitability by reducing expenses Question 2 (4 points) Saved Some Value Propositions may be similar to existing market offers, but with added features and attributes True False ✓ Saved Question 3 (4 points) Risk reduction is another element that can create value for customers. True False Question 4 (4 points) ✓ Saved From your textbook, we learned that Rolls Royce’s manufacturing of jet engines is an example of primarily which value creation element? Customization Getting the Job Done Design Brand/Status Question 5 (4 points) Saved Finding the right mix to satisfy how customers want to be reached is crucial to brining a Value Proposition to market. True False Question 6 (4 points) ✓ Saved According to your textbook, Apple’s creation of iPods and iTunes is primarily and example of which value creation element? Brand/Status Convenience/Usabilty Price Newness Question 7 14 noints Saved Question 7 (4 points) Saved A business model describes the rationale of how an organization creates, delivers, and captures value. True False
0. When Government Is Trying To Raise Tax Revenue, It Sometimes Attempts To Target
Transcribed Image Text from this Question0. When government is trying to raise tax revenue, it sometimes attempts to target higher-income people because they are in a better position to bear the burden of a tax. However, it can be very difficult to earn tax revenue from wealthy people. a. Consider the progressive nature of the U.S. federal income tax system: It’s designed so that higher incomes are taxed at higher tax rates. Thinking about the elasticity of labor supply, why might it be more difficult to collect tax revenue from a wealthy individual than from a poor person, all else equal? b. Another way governments have tried to collect taxes from the wealthy is through the use of luxury taxes, which are exactly what they sound like: taxes on goods that are con- sidered luxuries, like jewelry or expensive cars and real estate. What is true about the demand for luxuries? Consider jewelry. Is a luxury tax more likely to hurt the buyers of jewelry or the sellers of jewelry? c. The chapter began by discussing another tax that targets wealthy individuals: the estate tax. Comment on the effectiveness of this tax (in terms of government revenue), considering the demand of wealthy individuals for leaving an inheritance.
Emily Dorsey’s Current Salary Is $70,000 Per Year, And She Is Planning To Retire
Transcribed Image Text from this QuestionEmily Dorsey’s current salary is $70,000 per year, and she is planning to retire 18 years from now. She anticipates that her annual salary will increase by $3,000 each year ($70,000 the first year, to $73,000 the second year, $76,000 the third year, and so forth), and she plans to deposit 5% of her yearly salary into a retirement fund that earns 7% interest compounded daily. What will be the amount of interest accumulated at the time of Emily’s retirement? Assume 365 days per year. The amount of interest accumulated at the time of Emily’s retirement will be $thousand. (Round to the nearest whole number.)
Using 2016 As The Base Year, By How Much Does A “cost Of Protein”
Transcribed Image Text from this QuestionUsing 2016 as the base year, by how much does a “cost of protein” index increase between 2016 and 2017? Multiple Choice 8.6 percent 14.3 percent 5.2 percent 13.4 percent A consumer expenditure survey reports the following information on consumer protein spending: Fish Chicken Beef 2016 Price Quantity $5 5 $3 10 $6 7 2017 Price Quantity $7 7 $4 12 $5 10 Using 2016 as the base year, by how much does a “cost of protein” index increase between 2016 and 2017 Multiple Choice 8.6 percent 14.3 percent 5.2 percent
The Manager Of Star Bucks Found That The Cost To Produce 100 Muffins Is
Economics Assignment Writing ServiceThe manager of Star bucks found that the cost to produce 100 muffins is $11.02, while the cost to produce 400 muffins is $40.12. Assume the cost is C(Q) is a linear function of Q, the number of muffins produced. a. Find the cost function C(Q) b. What is the fixed cost. c.Find the total cost of producing 1000 muffins. d.Find the marginal cost of the 1001st muffin e. What does the marginal cost of the 1001st muffin mean to the manager.
1. Fill In The Blank With Your Answers. ) And (a) Two Main Topics
Transcribed Image Text from this Question1. Fill in the blank with your answers. ) and (a) Two main topics of macroeconomics are long-run economic ( short-run economic fluctuation which is also known as business ( ). (b) The circular flow of ( throughout the economy among ( markets. ) model shows the flow of expenditure and income ) actors of macroeconomics at ( ) which (c) Stagflation is the combination of ( ) and ( occurred after ) shocks in the 1970s. ) (d) ( ) is the largest component of GDP for the U.S. and ( is the largest component of U.S. CPI. (e) If the CPI of this year is 250, then the overall consumer price has increased by ( ) percent since the base period of ( ). If the CPI of last year was 240, then this year’s inflation rate is ( )%. (f) Inflation rate ( )-cyclical and unemployment rate is ( )-cyclical. ) is in charge (g) Bureau of Economic Analysis in the Department of of producing U.S. GDP, while Bureau of ( Department of Labor is producing U.S. unemployment data. ) in the (h) ( were since ( ) determines the official dates of U.S. business cycles and there ) cycles in the U.S. since 1854. the U.S. economy is now in recession
Consider The Ricardian Model In Which There Are Two Countries (Home And Foreign) And
Transcribed Image Text from this QuestionConsider the Ricardian model in which there are two countries (Home and Foreign) and two goods (Cars and TVs). Suppose that each worker in Home can produce three cars or two TVs in the same amount of time and that workers are free to apply for jobs and switch industries at any time. Assume that Home has four workers. a. Graph the production possibilities frontier for Home. b. What is the no-trade relative price of cars at Home? c. Suppose that each worker in Foreign can produce two cars or three TVs in the same amount of time and just like in Home they can easily switch industries. Assume also that Foreign has four workers. Graph the production possibilities frontier for Foreign. d. What is the no-trade relative price of cars in Foreign? e. In which good does Foreign have a comparative advantage, and why?
(i) Given The Data From An Economy Such That; Consumption = 2800; Government Purchases
Transcribed Image Text from this Question(i) Given the data from an economy such that; Consumption = 2800; Government purchases = 800; Government budget deficit = 200; Investment = 700; Transfer payments = 700; Private saving = 500; Export = 100; Import = 140. Then the GDP of this country is ( (j) A small town in Texas has the population of 2000 who are under the age of 16. Of those 16 and over, 400 are institutionalized, 400 are retired, and 400 are full-time students, while 2,800 are full time workers who work 35 hours or more per week and 800 people are part-time workers who are unable to find full-time work due to unfavorable business conditions. 800 people are actively looking for jobs and 400 people have given up looking for work although they are willing to work. Then, the labor force participation rate of this town is ( )% and the unemployment rate is ( )%. If you found that 440 people are non-cyclically unemployed, then the natural unemployment rate is ( )%.
Part II: Draw The Labor/leisure Diagrams Assume That The Total Number Of Hours (T)
Transcribed Image Text from this QuestionPart II: Draw the labor/leisure diagrams assume that the total number of hours (T) a person can allocate between work and leisure is 168 hours per week. Label all axes and curves. Identify values of all intercepts and points of interest. 1. Use the labor/leisure model to analyze the effect on hours of work of a law requiring employers to pay time-and-one-half for hours worked over 40 per week. Hint: Analysis should be completed for a week. a. First, draw a budget constraint for someone earning $12.00 per hour who receives $100 a week in non-labor income. Assume here the worker gets $12.0ð no matter how many works he works. ‘b. What now happens to the budget constraint with the time-and-one-half requirement? (ie, draw in the new budget constraint if this worker gets paid $12.00 the first 40 hours and time- and-one-half for any hours beyond 40 hours. c. Given your answer to (a), draw an indifference curve so that, given the original budget constraint, the person is optimally working 40 hours per week and has diminishing MRS. d. Now what happens to hours of work given the new budget constraint in (b)? Draw an indifference curve to show this. Have hours of work increased or decreased as a result of the overtime law? Is the person worse or better off? Explain why. e. In words, describe WHY the income and substitution effects occur and what impact each has on leisure hours and hours of work. f. Identify on your graph the income effect, substitution effect, and total or overall effect. Is the substitution or income effect stronger? g. If the wage had been increased for all hours worked rather than just those after 40 per week, would the change in hours of work be any different? Show this in the graph and explain why or why not
Using The Same Framework And Notation For The Ricardian Model, Suppose That Each Worker
Transcribed Image Text from this QuestionUsing the same framework and notation for the Ricardian model, suppose that each worker in the country “Home” can produce 100 cars per year or 200 TVs. Assume that Home has five workers. a) Graph the production possibilities frontier for Home, with cars on the vertical axis and TVs on the horizontal axis. b) What is the no-trade relative price of TVs in Home?
Suppose That Each Worker In The Country “Foreign” Can Produce 200 Cars Per Year
Transcribed Image Text from this QuestionSuppose that each worker in the country “Foreign” can produce 200 cars per year or 500 TVs. Assume that Foreign also has five workers. a) Graph the production possibilities frontier for Foreign, also with cars vertical and TVs horizontal. b) What is the no-trade relative price of TVs in Foreign? c) Using the information provided in problem 3 regarding Home in the production of which good does Foreign have a comparative advantage, and why?
10 Question 1: Discuss The Following Organizational Structure With An Example – • Worldwide
Transcribed Image Text from this Question10 Question 1: Discuss the following organizational structure with an example – • Worldwide area structure • Worldwide product divisional structure • Global matrix structure Question 2: Implement the Global standardization strategy with centralization and decentralization? Discuss the scenario where centralization will be preferred over decentralization approach? Question 3: ‘Supply chains are managed cost-effectively and are competitive in export and import’. Justify the statement with factors involved, reasons and examples. 10 Question 5: Purchasing from foreign sources involves incremental costs of goods. How is this incremental cost analyzed and measured in import and export? Question 6: How is international trade regulated? Discuss product testing requirement of an importer? 10
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