Start learning 50% faster. Sign in now
As per the claim made by Fresh Beverages, it is solely because of the recently popular advertising campaign of Tipsy Beverages that it has become so popular in the market. This argument can be best weakened by proving that Tipsy was popular even without this advertisement campaign. Option (b) says that prior to the recent campaign, Tipsy had never advertised but had significantly outsold all other soft drinks on the market for several years, and thus, the claim made by Fresh cannot be accepted here.Thus, option (2) is the right answer.
Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater the_____
If the elasticity of demand is -2 and price charged by the firm is Rs.10 and quantity sold is 15 units. What is the Lerner’s Index of Monopoly power?...
Which policy tool is more effective under a fixed exchange rate regime according to the Mundell-Fleming Model?
COR = 5:1, Savings rate = 12.5%, Population growth rate = 2.5%. Find growth rate of output.
Current account transactions of a country include
For a monopoly firm the demand curve is Q=20-2P. For the profit maximizing quantity of 8 units, the mark up of the firm is
The falling part of the Total utility shows
For a normal curve, X+-3sd lies within?
Production function of two companies producing floppy and discs was given.
Q1 = 10L^0.5 K^0.5 Q2 = 10L^0.6K^0.4
Which of the following i...
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)