Researchers have considered to which extent computer-assisted learning can substitute traditional learning methods (that is: face-to-face instruction) as an input in the educational production function. Suppose that in the educational production of a test score q (in points) uses two inputs: traditional face-to-face instruction time t (in minutes), and computer-assisted learning time c (in minutes). In other words, q = f(t, c). Empirical evidence shows that when students receive t = 240 minutes of face-to-face instruction and c = 30 minutes of computer-assisted learning, their test score q = 75. When 30 minutes of face-to-face teaching is substituted for 30 further minutes of computer assisted learning, the test scores improve to q = 90. If yet another 30 minutes of face-to-face instruction is substituted for 30 minutes of computer-assisted learning, this does not lead to any further change in test score. Consider the CES production function(s) q = f(t, c) = [αtrho + βcrho ] γ/rho , with rho ≤ 1 and α, β, γ > 0. Consider the specifications with rho = −[infinity], rho = 0 and rho = 1. Hint: Note that when rho = −[infinity], the production function is of the form f(t, c) = min{αt, βc} (fixed proportions), and when rho = 0, the production function is of the form f(t, c) = Atαc β , with A > 0 (Cobb-Douglas). Derive (that is: give the mathematical argumentation) which of these specifications is/are (if any) consistent with the data. For the rho values that are consistent with the data, also derive the corresponding values of the parameters α, β, γ and A.
Answers
The empirical data suggests that the CES production function with rho = 1 is consistent with the data. The corresponding values of α, β, γ, and A cannot be determined without additional information.
To determine which specifications of the CES production function are consistent with the given data, we need to evaluate the effect of substituting face-to-face instruction time (t) with computer-assisted learning time (c) on the test score (q).
Given the empirical evidence, we can set up the following equations based on the given data points:
Equation 1: q = f(t, c) = [αt^ρ + βc^ρ]^γ/ρ (CES production function)
Equation 2: q1 = 75 when t1 = 240 minutes and c1 = 30 minutes
Equation 3: q2 = 90 when t2 = 210 minutes and c2 = 60 minutes
Let's evaluate the three different specifications of the CES production function and see if they align with the given data:
1. When ρ = -∞ (fixed proportions):
In this case, the production function becomes f(t, c) = min{αt, βc}, which implies that there is a fixed proportion between t and c. However, this specification does not fit the given data because the test scores change as the proportion between face-to-face instruction and computer-assisted learning time varies.
2. When ρ = 0 (Cobb-Douglas):
With ρ = 0, the production function becomes f(t, c) = At^αc^β, indicating a constant elasticity of substitution between t and c. By comparing the given data, we can set up the following equations:
Equation 4: 75 = A(240^α)(30^β)
Equation 5: 90 = A(210^α)(60^β)
To solve these equations, we can take the ratio of Equation 5 to Equation 4:
Equation 6: 90/75 = (210^α)(60^β) / (240^α)(30^β)
Simplifying Equation 6, we get:
Equation 7: 6/5 = (7/8)^α * (2)^β
From Equation 7, we can determine the values of α and β that satisfy the equation.
3. When ρ = 1 (constant elasticity of substitution):
With ρ = 1, the production function becomes f(t, c) = (αt + βc)^γ. However, this specification does not fit the given data because substituting additional face-to-face instruction time with computer-assisted learning time does not lead to any further change in the test score.
Based on the analysis, the specification consistent with the given data is when ρ = 0 (Cobb-Douglas). By solving the equations, we can determine the values of α, β, and A that satisfy the data and the Cobb-Douglas production function.
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Related Questions
4) a stock is expected to pay a dividend of $2 at the end of this year, and dividends will grow at 3% annually thereafter. it has a discount rate of 10%. if markets are efficient, what should the price be in 4 years?
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A stock is expected to pay a dividend of $2 at the end of this year, and dividends will grow at 3% annually thereafter. it has a discount rate of 10%. The expected price should be $25.75 after four years.
The dividend of $2 is paid at the end of the year, and dividends grow at an annual rate of 3%. The discount rate is 10%. The expected price should be determined after four years.
Formula to be used is: P0 = (D1 / r - g)
Where P0 = the current price
D1 = the dividend paid at the end of the year
r = the discount rate
g = the growth rate of dividends
The growth rate of the dividend is given as 3%, which means g = 3%.
The dividend in the coming year would be:
D1 = D0 (1 + g)
Where D0 is the current dividend of $2
D1 = 2 (1 + 0.03) = $2.06
The current price of the stock is:
P0 = D1 / r - g
P0 = 2.06 / 0.10 - 0.03 = $25.75
The future price of the stock after four years is:
D5 = D4(1 + g)
D5 = 2(1 + 0.03) = $2.06
The future price of the stock after four years is:
P4 = D5 / r - g
P4 = 2.06 / 0.10 - 0.03 = $25.75
Therefore, the expected price should be $25.75 after four years.
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Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of which assessment method?
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Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of a situational interview.
We regret to inform you that (organization) is not considering your application for this position. Your qualifications are excellent, but the selection process is very competitive and we have decided to hire candidates whose qualifications better suit our needs at this time.
Because structured interviews are more efficient than semi-structured and structured interviews in predicting job performance. Meta-analysis studies show that structured interviews are up to twice as effective at predicting job performance as situational interviews.
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the government wants to transfer welfare from buyers to sellers by collecting a $1 tax on a good from buyers and subsidizing sellers $1 for each unit of the good sold. this policy will: a. decrease the equilibrium price b. increase the equilibrium quantity c. increase the equilibrium price d. decrease the equilibrium quantity
Answers
The government policy above will decrease the equilibrium price of the goods. The correct answer to the question above is option A. decreases the equilibrium price.
The equilibrium price is the condition where the demand for goods matches the supply or the condition where the supply and demand are balanced.
In a market in equilibrium condition, the price reflects an exact balance between buyers and sellers. Market equilibrium rarely happens.
There are some types of equilibrium:
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A flower shop uses software to execute transactions that is ten-years old. It is often slow and ineffective. What type of influence is affecting this business?
external
economic
governmental
internal
Answers
Answer:
Internal
Explanation:
The problem is the flower shop’s software. The flower shop needs to update or buy a different up-to-date software like ASAP.
dr. jahrel has designed a study that uses surveys to collect data on students’ opinions regarding the use of drugs on campus. what responsibility does dr. jahrel have before he starts collecting data?
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The responsibility that Dr. Jahrel owes before he starts collecting data is that he must ask the institute review board to review his research study before application, and also ensure that whatever he does must not impact the individuals such that they begin to use drugs.
The use of drugs in school or organizational campus can have a negative impact on everyone and this will also degrade the reputation of the place. Drugs are highly addictive opioids which can turn a person into feeling of euphoria and if this addiction continues, this might even affect their brain harshly and the individual might end up his life. Before starting any research related to use of drugs by students, the researcher must take due permission and consideration from the institute and once they get the NOC (No objection certificate), the research can be started. The researcher must not disclose the findings to the people/ students and also prevent any harmful consequences on the students.
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How might a customer react to a salesperson's
weak handshake?
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Answer:
I think the customer will get upset.
The customer will think the salesperson is not ready to attend to him.
In 2001 British, French and Kenyan scientists announced discovery of an early human ancestor that may have been bipedal based on evidence from fragments of its femur. What is the nickname of this fossil specimen
Answers
The fossil specimen discovered in 2001 by British, French, and Kenyan scientists is nicknamed "Millennium Man."
The discovery of the "Millennium Man" was a significant milestone in the study of human evolution. The fossil, also known as Orrorin tugenensis, was found in the Tugen Hills of Kenya and is believed to be about 6 million years old. The femur fragments found provided evidence of bipedalism, indicating that this early human ancestor walked upright on two legs.
The nickname "Millennium Man" was given to the fossil because of its discovery during the turn of the millennium. This discovery sheds light on the evolution of human beings and helps scientists understand the origins of bipedalism.
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Those who don't believe in the theory of convergence point to countries such as _____. Which of the following statements can explain why the theory of convergence may not always hold? Check all that apply.A. Rich countries actively to keep poor countries poor through economic and military policies.B. Convergence theory applies only to small countries.C. Many poor countries have much less human capital than in rich countries.
Answers
Statement A can explain why the theory of convergence may not always hold.
Rich countries may actively work to keep poor countries poor through economic and military policies, which can hinder their economic growth and prevent them from catching up to richer countries. Additionally, statement C may also apply, as many poor countries have much less human capital than in rich countries, which can also hinder their ability to converge economically. However, statement B is not a valid explanation, as convergence theory can apply to countries of any size.
Critics of the convergence theory argue that it does not always hold due to factors such as rich countries implementing policies that hinder the growth of poor countries and the significant differences in human capital between rich and poor countries. These factors can impede the natural convergence process and maintain the existing disparities in wealth and development.
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In nims resource inventorying refers to preparedness activities conducted.
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In NIMS (National Incident Management System), resource inventorying refers to the preparedness activities conducted to ensure that the necessary resources are identified, cataloged, and made available for use in response to an incident.
This process involves identifying and cataloging resources such as personnel, equipment, supplies, and facilities that may be required to support response and recovery operations.
Resource inventorying is essential to ensure that resources are available when needed, and to avoid delays and confusion during an incident.
Effective resource inventorying requires a collaborative effort between various agencies and organizations to identify and share resources.
The process includes updating the inventory regularly to reflect changes in availability or location of resources. Proper resource inventorying ensures a quick and efficient response to incidents, which is crucial in emergency situations.
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state any five occupations in public service sector ?
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Answer:
Government Education Health care Protective services (police officer, firefighter,etc.)Communty services (social workers, disability services workers, etc.)
What is the Net Present Value of a project that has an initial cash outflow of $36,300 and will generate $12,500 in Year 1,$21,700 in Year 2, $15,000 in Year 3 , and $12,600 in Year 4 at the discount rate of 15.3% ? $7,212.52 $7,163.24 $7,236.35 $7,779.69
Answers
the Net Present Value of the project that has an initial cash outflow of $36,300 and will generate $12,500 in Year 1, $21,700 in Year 2, $15,000 in Year 3, and $12,600 in Year 4 at the discount rate of 15.3% is $7,212.52.
The Net Present Value of a project that has an initial cash outflow of $36,300 and will generate $12,500 in Year 1, $21,700 in Year 2, $15,000 in Year 3, and $12,600 in Year 4 at the discount rate of 15.3% is $7,212.52.How to calculate Net Present Value (NPV)?Net Present Value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. A positive NPV indicates that the project is feasible and profitable while a negative NPV indicates that the project is unfeasible and unprofitable. NPV is calculated using the following formula: NPV = (Cash inflow/Outflow) * (PVIF discount rate, n) - Outflow Where PVIF is the present value interest factor, n is the number of years, and the discount rate is the cost of capital.1. Determine the cash inflow or outflow from the project:Initial Cash Outflow = $36,300Cash Inflow in Year 1 = $12,500Cash Inflow in Year 2 = $21,700Cash Inflow in Year 3 = $15,000Cash Inflow in Year 4 = $12,6002. Calculate the present value of each cash flow for the respective year using the formula:PV = FV / (1 + r)nWhere FV is the future value of cash flow, r is the discount rate, and n is the number of years from now.Using the above formula:PV of Cash Inflow in Year 1 = $10,828.48PV of Cash Inflow in Year 2 = $16,591.44PV of Cash Inflow in Year 3 = $10,582.33PV of Cash Inflow in Year 4 = $7,080.283. Calculate the NPV by summing the present value of each cash flow and subtracting the initial cash outflow. NPV = (10,828.48 + 16,591.44 + 10,582.33 + 7,080.28) - 36,300NPV = 44,082.53 - 36,300NPV = $7,212.52.
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distinguish between products tax and production tax
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Answer:
Some examples of production taxes are land revenues, stamps and registration fees and tax on profession. Product taxes are paid on the actual volume of production. It is paid per unit of product. For example, excise duty, service tax, sales tax etc.
What is the percent by mass of a solution made by dissolving 163 g of potassium cloride in 755 g of water?
Answers
The percent by mass of a solution made by dissolving 163 g of potassium cloride in 755 g of water is approximately 17.77%.
The percent by mass of the solution made by dissolving 163 g of potassium chloride in 755 g of water can be calculated by dividing the mass of potassium chloride by the total mass of the solution (potassium chloride + water), and then multiplying by 100.
In this case, the mass of potassium chloride is 163 g, and the mass of water is 755 g. The total mass of the solution is the sum of these two masses, which is 163 g + 755 g = 918 g.
To find the percent by mass, we divide the mass of potassium chloride (163 g) by the total mass of the solution (918 g) and multiply by 100.
163 g / 918 g * 100 = 17.77%
Therefore, the percent by mass of the solution is approximately 17.77%.
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How has private enterprise strengthened the united states economy?
Answers
Answer:
to generate prosperity and produce goods and services that meet people's needs and improve their lives.
Explanation:
Because businesses cannot outgrow the economy of their communities
Which type of data do researchers collect the personal interviews?
Answers
Answer:
The correct answer is "Face-to-face interviews".
Explanation:
Face-to-face surveys or interviews are an important way of gathering information used throughout survey methodology. Throughout these interviews, research teams are collecting location information from participants across one cooperation or bonding. This method of collecting information seems to be unique or even just highly personalized.Answer: unstructured or informal in nature
Explanation:
took it on edmentum
A surplus of computers is supplied. What does this indicate about the demand of the computers? How would the price change affect the computer company’s supply and demand equilibrium?
Answers
A surplus in the supply of computers indicate that the demand for computers is less than the supply of computers.
The price change would lead to an increase in the equilibrium quantity of computer demanded and supplied.
A surplus in supply means that the quantity supplied of a good exceeds the demand for the good. It means that the demand for the good is less than the supply of the good. When the supply of a good increases, the equilibrium price of the good decreases and the equilibrium quantity of the good increases. On a demand and supply curve, a surplus would be shown as a rightward shift of the supply curve.
As a result of the decline in price, the quantity demanded of computers would increase. This would lead to a rise in equilibrium price and quantity.
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Please help me with this!!
A certain country has a balanced economy. This has led to more tax revenue for the government. What is MOST likely the fiscal policy stance that this government takes?
contractionary stance
economic stance
neutral stance
expansionary stance
Answers
Neutral stance is most likely the fiscal policy position that this government takes. As certain country has a balanced economy. This has led to more tax revenue for the government.
What is balanced economy?Balanced economy is defined as the long term economy that has a sustainable growth and development in every sector.
There are numerous features of a well-balanced economy. Low inflation aids to avert an unsustainable boom and bust cycle in the economy.
Thus, option C is correct.
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What is the main function of the federal deposit insurance corporation?.
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Bill is looking for original taillights for his 1932 ford. the prices vary depending on the condition. he finds these prices: $450, $100, $180, $600, $300, $350, $300, and $400. a. find the four quartiles. q1 q2 q3 q4 b. find the interquartile range. c. find the boundary for lower outliers. are there any lower outliers? d. find the boundary for upper outliers. are there any upper outliers?
Answers
a. Quartiles: Q1 = $300, Q2 = $350, Q3 = $450, Q4 = $600, b. Interquartile Range (IQR): $150, c. Lower Boundary: $75 (No lower outliers), d. Upper Boundary: $675 (No upper outliers)
To find the quartiles, interquartile range, and identify outliers, we first need to sort the prices in ascending order:
$100, $180, $300, $300, $350, $400, $450, $600
a. Quartiles:
Q1: The first quartile (25th percentile) is the median of the lower half of the data set.
Q2: The second quartile (50th percentile) is the median of the entire data set.
Q3: The third quartile (75th percentile) is the median of the upper half of the data set.
Using the sorted data, we can find the quartiles:
Q1: $300
Q2: $350
Q3: $450
Q4: $600
b. Interquartile Range:
The interquartile range (IQR) is the difference between the third quartile (Q3) and the first quartile (Q1):
IQR = Q3 - Q1 = $450 - $300 = $150
c. Lower Outliers:
To determine the boundary for lower outliers, we use the formula:
Lower Boundary = Q1 - (1.5 * IQR)
Lower Boundary = $300 - (1.5 * $150)
Lower Boundary = $300 - $225
Lower Boundary = $75
Since there are no prices below $75 in the given data, there are no lower outliers.
d. Upper Outliers:
To determine the boundary for upper outliers, we use the formula:
Upper Boundary = Q3 + (1.5 * IQR)
Upper Boundary = $450 + (1.5 * $150)
Upper Boundary = $450 + $225
Upper Boundary = $675
Since there are no prices above $675 in the given data, there are no upper outliers.
Therefore:
a. Quartiles: Q1 = $300, Q2 = $350, Q3 = $450, Q4 = $600
b. Interquartile Range (IQR): $150
c. Lower Boundary: $75 (No lower outliers)
d. Upper Boundary: $675 (No upper outliers)
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Which item was invented in 1972 by minnesota vikings field-goal kicker fred cox? skateboard nerf football super soaker etch a sketch.
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(100 POINTS)How much money will i make my first week from dropshipping
Answers
Monthly sales for Computer Success are shown below: Given the data, what is the average forecast error (i.e., mean bias) if you use a 3-period weighted moving average to complete the forecast table? In this case, the weights are 0.5,0.375, and 0.125 with the highest weight being attributed to the most recent data. Using the same data as in Question 4, what is the mean absolute percent error (MAPE) for the data using the 3-period moving average? For this case, enter your percentage as a whole number (e.g., 12 as opposed to 12\% or 0.12 ) Using the same data as in Question 4, what is the mean absolute deviation (MAD) for the data using the 3-period weighted moving average?
Answers
Monthly sales for Computer Success are shown below:
To calculate the average forecast error (mean bias) using a 3-period weighted moving average, you need to first complete the forecast table. The weights given are 0.5, 0.375, and 0.125, with the highest weight attributed to the most recent data. Let's go step by step:
1. Start by calculating the weighted moving average for each period:
- Period 1: Multiply the first sales value by the weight of 0.125.
- Period 2: Multiply the second sales value by the weight of 0.375.
- Period 3: Multiply the third sales value by the weight of 0.5.
2. Sum up the weighted values from step 1 to get the forecasted sales for each period.
3. Calculate the forecast error for each period by subtracting the actual sales from the forecasted sales.
4. Find the mean bias (average forecast error) by summing up the forecast errors from step 3 and dividing by the number of periods.
Moving on to the mean absolute percent error (MAPE), we can use the same data and 3-period moving average:
1. Calculate the absolute percent error for each period by taking the absolute value of the difference between the actual sales and the forecasted sales, divided by the actual sales, and then multiplying by 100.
2. Sum up the absolute percent errors from step 1.
3. Find the mean absolute percent error by dividing the sum of the absolute percent errors by the number of periods.
Finally, to determine the mean absolute deviation (MAD) for the data using the 3-period weighted moving average:
1. Calculate the absolute deviation for each period by taking the absolute value of the difference between the actual sales and the forecasted sales.
2. Sum up the absolute deviations from step 1.
3. Find the mean absolute deviation by dividing the sum of the absolute deviations by the number of periods.
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What is the difference between the pre-reservation and installment
Answers
Answer:
is that reservation is the act of reserving, withholding or keeping back while installment is the act of installing; installation or installment can be a portion of a debt, or sum of money, which is divided into portions that are made payable at different times payment by installment is payment by parts at different
Suppose you want to take out a loan for a $40,000 car and have to choose between three loan providers. Company A offer's you the loan at 6% APR compounded monthly and with a required 5% payment at the end of each month. Company B offer's you the loan at the same annual percentage rate as Company A compounded quarterly and with a 3% payment at the end of each quarter ( 3 months). Company C offer's you the loan at 12% APR compounded annually with a required payment of $3,600 at the end of each year. (Note: To find the payment amount take the percentage of the required payment and multiply it with yo) a. Write out the explicit yn and recursive yn+1 equations for each loan provider. Where yn represents the amount of money owed to each company. Make sure to state all parameters (a,b,k,y0) for each company. b. Plot the difference equation for each company. Be sure to label your axis, label the correct units of time, title each graph with the company's recursive equation, and list the five points you used for each graph. Fed free to use multiple colots to represent each company. Figure 1: Connpany A Figure 3: Company C c. Based on your graphs, how long will it take for you to pay off each loan from Company A, B, and C. What similarities or differences do you see between each graph? Which loan provider would you prefer if you had to choose?
Answers
a. Let's write out the explicit and recursive equations for each loan provider:
Company A:
Explicit equation: y(n) = y(n-1) + (0.06/12)y(n-1) - 0.05y(n-1)
Recursive equation: y(n+1) = (1 + 0.06/12 - 0.05)*y(n)
Parameters for Company A:
a = 0.06/12 (monthly interest rate)
b = 0.05 (monthly payment rate)
k = 1 (compounding factor)
y0 = $40,000 (initial loan amount)
Company B:
Explicit equation: y(n) = y(n-1) + (0.06/4)y(n-1) - 0.03y(n-1)
Recursive equation: y(n+1) = (1 + 0.06/4 - 0.03)*y(n)
Parameters for Company B:
a = 0.06/4 (quarterly interest rate)
b = 0.03 (quarterly payment rate)
k = 1 (compounding factor)
y0 = $40,000 (initial loan amount)
Company C:
Explicit equation: y(n) = y(n-1) + (0.12)*y(n-1) - $3,600
Recursive equation: y(n+1) = (1 + 0.12)*y(n) - $3,600
Parameters for Company C:
a = 0.12 (annual interest rate)
b = 1 (annual payment rate)
k = 1 (compounding factor)
y0 = $40,000 (initial loan amount)
b. Plotting the difference equations:
Figure 1: Company A
x-axis: n (number of months)
y-axis: y(n) (amount owed to Company A)
Title: Loan Amount vs. Time for Company A
Points used: (0, 40,000), (1, 40,800), (2, 41,616), (3, 42,448), (4, 43,296)
Figure 2: Company B
x-axis: n (number of quarters)
y-axis: y(n) (amount owed to Company B)
Title: Loan Amount vs. Time for Company B
Points used: (0, 40,000), (1, 40,600), (2, 41,204), (3, 41,812), (4, 42,424)
Figure 3: Company C
x-axis: n (number of years)
y-axis: y(n) (amount owed to Company C)
Title: Loan Amount vs. Time for Company C
Points used: (0, 40,000), (1, 44,800), (2, 50,176), (3, 56,218), (4, 63,018)
c. Based on the graphs, the loan from Company A will take approximately 7 years and 10 months to pay off, Company B will take approximately 3 years and 8 months, and Company C will take approximately 5 years.
Similarities between the graphs:
All three graphs show an increasing trend, representing the growing amount owed over time.
The slope of the graphs varies based on the interest rates and payment rates.
Differences between the graphs:
The rate of increase in the loan amount differs among the companies due to variations in interest rates and payment rates.
The time taken to pay off the loan differs for each company.
If I had to choose, I would prefer Company B because it offers a shorter repayment period compared to Company A and a lower interest rate
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I want to start my own brand & build a fashion empire. Should I go to a fashion college or to a business school?
Answers
Answer:
Honestly, business would be much better for you. Learning business will give you many more opportunities and learn how to sell your products. Business will help you with marketing, pricing, discounting, and know how to "not get effed over." I believe that would be much better for you THEN go to fashion college.
how could a manager use these financial statements to help make decisions for robstown corporation?
Answers
There are three important financial reports that management should be able to read and analyze.These are the balance sheet, the income statement, and the cash flow statement.
As a manager, it's important to have a way to track the impact of your efforts on the company's bottom line. Look at the company's income statement and note the direct costs associated with that period's income.
Financial statements also help with budget control and planning. As the financial landscape continues to change, John Wong, senior associate director of financial planning and analysis at HBS Online, warns against using past financial reports as a starting point for future budgets.
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Which type of consumer products and services are purchased less frequently, with consumers carefully comparing competing products in terms of suitability, quality, price, and style?.
Answers
Consumers closely compare rival products in terms of compatibility, quality, price, and style when making less frequent purchases of goods and services.
A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand. Products are sometimes referred to as merchandise in the retail sector, and they are purchased as raw materials in the manufacturing sector before being sold as finished goods. A form of product that is also considered is a service. In project management, products are the formally defined project deliverables that include or assist in achieving the project's goals.
Although raw materials like metals and agricultural products are typically considered commodities, anything that is readily available on the open market can also be considered a commodity.
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Match the item with the section of the marketing plan it belongs in. To match the items, click the item, and then click the section.
Match the item with the section of the marketing plan it belongs in.
To match the items, click the item, and then click the section.
The amount you plan to spend on each promotional strategy.
Marketing message
The number of sales you plan to have in the next year.
Product description
Strengths and weaknesses of other companies that provide similar products.
Other marketing goals
The message about your product's benefits that you plan to convey to your target market.
Budget
The percentage of customers who say they are highly satisfied in your customer profile survey.
Competition
The qualities you want to have people associate with your product.
Pricing
A list of the product's features.
Market research
How the cost of your product will support your brand image and marketing message.
Brand image goals
A description of general economic trends and how they are likely to affect the target market.
Promotional strategies
Ways you will communicate with your target market.
Financial goals
Answers
Answer:
1. Budget.
2. Financial goals.
3. Competition.
4. Marketing message.
5. Other marketing goals.
6. Brand image goals.
7. Product description.
8. Pricing.
9. Marketing research.
10. Promotional strategies.
Explanation:
1. Budget: The amount you plan to spend on each promotional strategy.
2. Financial goals: The number of sales you plan to have in the next year.
3. Competition: Strengths and weaknesses of other companies that provide similar products.
4. Marketing message: The message about your product's benefits that you plan to convey to your target market.
5. Other marketing goals: The percentage of customers who say they are highly satisfied in your customer profile survey.
6. Brand image goals: The qualities you want to have people associate with your product.
7. Product description: A list of the product's features.
8. Pricing: How the cost of your product will support your brand image and marketing message.
9. Market research: A description of general economic trends and how they are likely to affect the target market.
10. Promotional strategies: Ways you will communicate with your target market.
Answer:
1. Budget.
2. Financial goals.
3. Competition.
4. Marketing message.
5. Other marketing goals.
6. Brand image goals.
7. Product description.
8. Pricing.
9. Marketing research.
10. Promotional strategies.Explanation:
Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x
Answers
Answer: [A] It has a lower opportunity cost for production of that good.
Explanation: It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.
Answer:
It has a lower opportunity cost for production of that good.
Explanation:
Mario is a skilled jet flyer that was recently hired by Meagan who is starting an airline business that allows travelers to travel to small cities at half the price of Delta Airlines flights. Which factor of production is Mario?
A . Entrepreneurship
B . Labor
C . Capital
D . Land
Answers
Answer:
B . Labor
Explanation:
Labor refers to human efforts or contribution to the production process. Human beings provide skills, knowledge, experience, energy, and time in making products or in the provisions of services. Human beings are compensated with salaries, wages, and other benefits in exchange for labor.
Marion will be employed as a pilot. Meagan requires the skills of a person to offer services to customers. Mario will be providing labor services.