Econ 202 Exam 2 Practice Problems Principles of Microeconomics Dr. Phillip Miller Multiple Choice Identify the choice that best completes the statement or answers the question. Chapter 6 ____ 1. If a binding price ceiling is imposed on the computer market‚ then a. the quantity of computers demanded will increase. b. the quantity of computers supplied will decrease. c. a shortage of computers will develop. d. All of the above are correct. ____ 2. In response to a shortage caused
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would still pay more money for their product. Diversification Is where they take a product into a new market. It is a slight risk as the company may not have experience in this market. An example of this is when Apple decided to enter the market for MP3 as to their original market of computers. Brand building Making your product stand out by using your logo which has been used on previous popular products. As long as it is still successful it will succeed. An example of this is PepsiCo using their
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in 2005 equals a. | | b. | | c. | | d. | | 7. If the price of a Blu-Ray Disc player is three times the price of an MP3 player‚ then a Blue-Ray Disc player contributes a. | more than three times as much to GDP as does a MP3 player. | b. | less than three times as much to GDP as does a MP3 player. | c. | exactly three times as much to GDP as does a MP3 player. | d. | None of the above is necessarily correct. | 8. A farmer sells $50‚000 of apples to individuals who take them
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September 11‚ 2008 Feature Story Case Study: Nau Innovating for Social Consciousness By Alex Slawsby Can a for-profit enterprise succeed if its main innovation is valuing social consciousness as much as shareholder returns? The question is particularly relevant in a time of high gas prices and a growing sense that our current consumption of natural resources is simply unsustainable. The founders of Nau‚ a fledgling retail outerwear company‚ believed the answer to this question to be a resounding
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they can monitor their business and work while they are away. However‚ electronic gadgets are not limited for business and corporate use. There are other incredible gadgets that will entertain people and gadgets that are used for recreation such as MP3 and MP4 players. Who would have thought that videos and music can be stored in such a portable electronic gadgets. When connected to a personal computer‚ you can already start transferring videos and music files which you can enjoy virtually everywhere
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Use the built-in calculator for simple math * Send or receive e-mail * Get information (news‚ entertainment‚ stock quotes) from the Internet * Play games * Watch TV * Send text messages * Integrate other devices such as PDAs‚ MP3 players and GPS receivers ADVANTAGES: * Makes communication much easier * It is much more portable than the telephone DISADVANTAGES: * Students nowadays‚ spend much more time in communicating with their friends rather than doing their
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http://www.techcharisma.com/2012/02/top-5-inventions-of-past-60-years.html Today the World is being Digitalized and Technological advancements are on Fire !! In no Time ‚ Technology has Became an Integral Part of Our Life . No Matter What Happens in Our Life ‚ We Share all our Emotions With Technology !! All of you Must be Confused That How Can We Share Ourselves With Technology ? Well The Answer Lies In You Itself . Just Ask Yourself the Importance of FACEBOOK ‚ MOBILE PHONES ‚ GOOGLE in
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of the main factors that brought Apple back from near oblivion was its ability to produce‚ market‚ and sell IT products such as the iPod‚ iPhone‚ and customer developed applications. If Apple’s top executives did not have the foresight to view the MP3 players as a competitive advantage‚ then chances are the company would not have made a strong comeback in the highly competitive electronics market. People who got iPhone‚ iPad‚ they will go to Apple’s store to download and buy the application. Other
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1.5 Constructing Your Health Decisions 1. For your assignment you will organize information to include influences on your health‚ a family member’s health or the health of another person. Be sure to include: at least two examples of different influences by media‚ technology‚ or public policy on you‚ your family‚ or community the effect of these influences on everyone’s health the responsibility a person has for enhancing one’s health. 2. Use the organizer below to help you brainstorm your
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iPod MP3 Player The marketing objective for the iPod MP3 player is to be the leading supplier of MP3 players in all markets in which the company operates and to increase brand awareness to 60 percent of its customers. iPod’s marketing strategies is differentiated the market for their products are characterized in gender‚ age‚ and the desire for image. The Apple iPod is targeted at teenagers and young adults. Music is the essential part of everyone’s life and that is why Apple iPod came out with
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