Business, 11.02.2020 18:22 misspicafunpoke
Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity:
(i) A U. S. car manufacturer has produced a lot of SUVs, but now is having difficulty selling them at the market price.
(ii) The new Iphone sold out on the first day. Hundreds line up outside Apple desperate to get their hands on the new phone.
(iii) In the market for beer, the population of drinking age increases; also brewery unions negotiate a big increase in wages.
(iv) In the market for housing, house prices are expected to increase significantly in the near future.
(v) In the market for peanut butter, there is an increase in the price of jelly. (Peanut butter and Jelly are complements).
(vi) A Florida man suffered severe burns after his Galaxy Note 7 exploded in his trousers pocket (The Sun Uk edition, 2016). This triggered a recall of the Note 7 by Samsung.
Answers: 2
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San ruiz interiors provides design services to residential and commercial clients. the residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. management is studying whether to drop the residential operation. if closed, the fixed operating costs will fall by $370,000 and san ruiz’ income will
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For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.
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The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.
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Who owns a renter-occupied apartment? a. the government b. a landlord c. the resident d. a cooperative
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Carefully explain what is happening in the following markets. Indicate the impact if any on demand,...
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