28 Jun Opportunity costs, real cost, GDP, regulation, demand curve
Question
Opportunity costs, real cost, GDP, regulation, demand curve & subsidies
Boone and Kurtz Contemporary Marketing 12/e
Chapter 1 – from page 21
1. What opportunity costs did you incur in reading this chapter? If you read four more chapters of this text today, would your opportunity costs (per chapter) increase? Explain.
3. What is the real cost of the food in the free lunch cartoon?
6. Markets reward individuals according to their output; communism rewards people according to their needs.
How might these different systems affect work effort?
Chapter 2 – from page 43
2. Why is per capita GDP so much higher in the United States than in Mexico?
4. The U.S. farm population has shrunk by over 25 million people since 1900.
Were did they all go? Why did they move?
7. Why should the government regulate how goods are produced? Can regulation be excessive?
Chapter 3 – from page 68
1. In the story of Tom, the student confronted with a web design assignment, we emphasized the great urgency of his
desire for web services. Many people would say that Tom had an “absolute need” for web help and was therefore ready to “pay anything” to get it. If this were true, what shape would his demand curve have? Why isn’t this realistic?
7. What would happen in the apple market if the government set a minimum price of $2.00 per apple? What might
motivate such a policy?
Chapter 4 – from page 91
1. Why should taxpayers subsidize public colleges and universities? What benefits are generated by higher
education?
9. Are subway fares progressive or regressive? How about highway tolls?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.