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Discuss the role of advertising in product differentiation and the intent of advertising in altering the firm’s demand curve.
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total profit function of a firm, where X and Y are two goods sold by the firm:
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(a) Determine the
levels of output of both goods at which the firm maximizes total profit.
(b) Calculate the
profit. (20 points)
To work problem 4 you will need to
a. Find the
partial derivative (see p. 106) with respect each of the variables. Remember that when taking the partial
derivative with respect to a variable that the other variable is treated as a
constant; e.g., the partial derivative with respect to X of
the expression V = 20XY is 20Y
b. You
want to find the quantities at each partial derivative (i.e., each marginal
profit) are simultaneously zero. You
solve these by simultaneous equations (pp, 107-108) or using substitution (pp.
108-109). Either way works but the
substitution is usually the simplest.
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This week should be a continuation of week 1. Now that you have selected a country and know basic socio-demographic and so ...
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This week should be a continuation of week 1. Now that you have selected a country and know basic socio-demographic and socio-economic information about it, during week 2, you need to relate it to this week's material. In particular, we will use the United States - the world's largest economy - as the comparative. You compare your country to the United States on each of the economic variables listed below.
1. GDP and GDP Per Capita: compare these values for your country with those for the United States, keep the year used as close as possible (the same year is preferred, if available), be specific about the currency in which the numbers are expressed - you should be able to obtain all values in US Dollars. If the values are in Purchasing Power Parity (PPP), do note that - most likely they will be in PPP.2. Using the data you collected for question 1, compare the standard of living of your country to that of the United States (remember that by definition, GDP Per Capita is the universal measure of standard of living, but you may also include other variables if you wish).3. What is the most recent inflation rate and does it compare to the inflation rate for the same year in the United States?4. What is the most recent rate of growth of the country and how does it compare to the economic growth rate for the same year in the United States?5 What explains the recent economic growth, or lack of growth in your country?---------------------------1) Your research paper this week should be between 250 and 350 words. Shorter submissions will be penalized. Longer posts are acceptable only if the extra words add substance to your report. At the bottom of your post, you should include a word count (how many words are in your post).2) Structure your paper as a report. Do use multiple paragraphs. Do NOT attach your report, instead type it into the text box on the research assignment board.3) You must cite all the information used in your report and include the sources in your reference listing. Use APA format for citations and references - see the APA Powerpoints linked below.4) Remember: you should not "copy and paste" information. Plagiarism is penalized with a zero in the assignment the first time, and a zero in the course the second time. Use your own words and quote only facts or numbers.5) Remember to include citations to your sources in the body of your post and to provide the references at the end of your post. Where possible, please make the links to any web information clickable links. Remember the references and links must be to the article you used, not just to the web site. Be sure to include the full URL, otherwise your link will not be clickable.6) If you choose a country already selected by a classmate, it is perfectly fine, but you cannot plagiarize your classmate's work. That would get you an automatic zero in the assignment.Your submission this week must be at least 250 words long, in order to receive full credit.The detailed instructions are posted above. Remember you can not change countries once you have selected one. Citations and references are required and they must be in APA style (Apa.pptx).
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Most Popular Content
1 page
Pro Forma Financial Statements
The sales figures for year 1 to 5, are the forecast sales determined in step 2. The variable cost under each line item wer ...
Pro Forma Financial Statements
The sales figures for year 1 to 5, are the forecast sales determined in step 2. The variable cost under each line item were arrived by multiplying the ...
Econometrics, economics homework help
1. For the following
total profit function of a firm, where X and Y are two goods sold by the firm:
Pro ...
Econometrics, economics homework help
1. For the following
total profit function of a firm, where X and Y are two goods sold by the firm:
Profit = 150X – 4X2 –XY -2.5Y2 +126Y
-86
(a) Determine the
levels of output of both goods at which the firm maximizes total profit.
(b) Calculate the
profit. (20 points)
To work problem 4 you will need to
a. Find the
partial derivative (see p. 106) with respect each of the variables. Remember that when taking the partial
derivative with respect to a variable that the other variable is treated as a
constant; e.g., the partial derivative with respect to X of
the expression V = 20XY is 20Y
b. You
want to find the quantities at each partial derivative (i.e., each marginal
profit) are simultaneously zero. You
solve these by simultaneous equations (pp, 107-108) or using substitution (pp.
108-109). Either way works but the
substitution is usually the simplest.
Macroeconomics homework help
This week should be a continuation of week 1. Now that you have selected a country and know basic socio-demographic and so ...
Macroeconomics homework help
This week should be a continuation of week 1. Now that you have selected a country and know basic socio-demographic and socio-economic information about it, during week 2, you need to relate it to this week's material. In particular, we will use the United States - the world's largest economy - as the comparative. You compare your country to the United States on each of the economic variables listed below.
1. GDP and GDP Per Capita: compare these values for your country with those for the United States, keep the year used as close as possible (the same year is preferred, if available), be specific about the currency in which the numbers are expressed - you should be able to obtain all values in US Dollars. If the values are in Purchasing Power Parity (PPP), do note that - most likely they will be in PPP.2. Using the data you collected for question 1, compare the standard of living of your country to that of the United States (remember that by definition, GDP Per Capita is the universal measure of standard of living, but you may also include other variables if you wish).3. What is the most recent inflation rate and does it compare to the inflation rate for the same year in the United States?4. What is the most recent rate of growth of the country and how does it compare to the economic growth rate for the same year in the United States?5 What explains the recent economic growth, or lack of growth in your country?---------------------------1) Your research paper this week should be between 250 and 350 words. Shorter submissions will be penalized. Longer posts are acceptable only if the extra words add substance to your report. At the bottom of your post, you should include a word count (how many words are in your post).2) Structure your paper as a report. Do use multiple paragraphs. Do NOT attach your report, instead type it into the text box on the research assignment board.3) You must cite all the information used in your report and include the sources in your reference listing. Use APA format for citations and references - see the APA Powerpoints linked below.4) Remember: you should not "copy and paste" information. Plagiarism is penalized with a zero in the assignment the first time, and a zero in the course the second time. Use your own words and quote only facts or numbers.5) Remember to include citations to your sources in the body of your post and to provide the references at the end of your post. Where possible, please make the links to any web information clickable links. Remember the references and links must be to the article you used, not just to the web site. Be sure to include the full URL, otherwise your link will not be clickable.6) If you choose a country already selected by a classmate, it is perfectly fine, but you cannot plagiarize your classmate's work. That would get you an automatic zero in the assignment.Your submission this week must be at least 250 words long, in order to receive full credit.The detailed instructions are posted above. Remember you can not change countries once you have selected one. Citations and references are required and they must be in APA style (Apa.pptx).
8 pages
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According to researchers, it is worthwhile for Oil Company X to construct a pipeline from Canada to New Orleans so as to i ...
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Section 03 Principles Of Finance Module 1
In Buchwald (2021), the author explores the labor shortage across the United States following the pandemic. In March of 20 ...
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In Buchwald (2021), the author explores the labor shortage across the United States following the pandemic. In March of 2020, companies laid off ...
Economics - Reply to Peer's Discussion Question W6Q2
I have to reply to 2 peer's post. Please find the attachment of both peers reply. Please compose reply for both posts in t ...
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I have to reply to 2 peer's post. Please find the attachment of both peers reply. Please compose reply for both posts in the attached documents.Each response should be minimum of 200 words excluding reference. RequirementForums Guidelines CriteriaRequirementsQuality Guidelines (50%):Responses are original in content with a minimum of one external reference.All posts demonstrated analysis of the topic.Responses to classmates are significant and advanced the discussion.Participation Guidelines (30%):Responses to classmates are at least 200 words.Clarity, Organization & Professionalism Guidelines (20%):Responses were organized and logical.No spelling or grammatical errors.References were used and cited properly.Appropriate language, respect and consideration toward peers/instructor.
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