Homework Answers
Q1.
Government agencies do not sell their product because they are already receiving revenue through the taxes paid by the taxpayers. The main objective of the government agencies is to offer public goods and services, which the market mechanism fails to offer to everyone at affordable prices, for which the government may charge a fee for usage, but do not sell them off to consumers or private firms.
Ans: Option 3. tax dollars
Q2.
The main objectives of the US state-run insurance regulators are to ensure that everyone has an insurance and also to regulate and hold the prices of insurance low so that everyone can afford an insurance policy.
Ans: Option 2 & Option 4
Add Answer to:
3.
Government agencies do not sell their products in a market because
they receive __________ instead....
Pros of Government Regulation Government regulation cost American $55 billion per year. Annual expenditures that U.S....
Pros of Government Regulation Government regulation cost American $55 billion per year. Annual expenditures that U.S. business must comply by cost $700 billion per year, and this only takes into account explicit cost. Additional cost could amount to almost $300 billion per year Aside from the money aspect of government regulation, there are several other vital cost. Many people find it difficult to run a successful business with such harsh regulations. It can be difficult to follow one government regulation...
Read the below case and describe hard sell and soft sell approaches to persuasive communication. Which...
Read the below case and describe hard sell and soft sell approaches to persuasive communication. Which would work better in this case? Explain “We don’t receive government funds,” said Lynne Cribari, “so corporate funds and private donations provide the bulk of our support. And, in asking for corporate sponsorship, we walk a very fine line between encouraging enthusiasm for and participation in the Olympic spirit on the one hand, and crass over-commercialization on the other.” Lynne Cribari is Manager of...
1) A bond is a ["financial contract: a borrower agrees to repay the amount that was...
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Using Market Research to Redefine the YMCA The YMCA conducted marketing research to gain a better...
Using Market Research to Redefine the YMCA The YMCA conducted marketing research to gain a better understanding of how its brand was viewed by consumers. This activity is important because marketers are frequently called on to design and implement marketing research projects. The goal of this activity is to apply marketing research frameworks to the YMCA's research activities. Read about YMCA's marketing research efforts and answer the questions that follow. Over the years, the YMCA has come to mean different...
A government might choose to implement a price floor to O A. keep specific prices up....
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are...
Match the following: 2. Adam Smith 3. Karl Marx 4. John Maynard Keynes Choices: (2 are not used.) a. invented capitalism b. invented socialism c. founder of modern macroeconomics d. founder of modern market economics e. predicted the end of capitalism 5. If a firm has trouble selling its good, it can a. lower price. b. increase demand. c. decrease supply. d. both a) and b) are correct. 6. People often pay too much for goods because they are not...
Write 3 paragraphs for reflection and should be do the following: 1. In first paragraph, Summarize...
Write 3 paragraphs for reflection and should be do the following: 1. In first paragraph, Summarize the article (attached below). (Don't plagiarism from article. Please use your own words to summarize article below) 2. In second paragraph, Connect the article with one of those "biological variation in modern humans" or "cultural anthropology" or "how identity and worldview are deeply influenced by cultural upbringing" or "human pre-history, human social interaction, and human cultures". Be specific about the connections you make. 3....
2) compute contribution margin for each channel 3) compute break even point (in terms of number...
2) compute contribution margin for each channel
3) compute break even point (in terms of number of orders and
dollars) for each distribution channel
(HINT - Fixed costs are all trade show expenses. Use
depreciation for the booth as a fixed cost. The booth cost should
be considered an investment not a fixed cost)
4) Calculate the number of orders at a target profit of
$100,000
5) Calculate the profitability for both the low and high order
estimates
We were...
2) What were some of the key challenges they encountered? How did they overcome them? 3)...
2) What were some of the key challenges they encountered? How did they overcome them? 3) What were some of the key takeaways they learned to use in the future? When I assumed the leadership of Heinz’s Asia/Pacific business, in 1993, the company’s revenues from that part of the world were hardly a blip—and I’d never visited most of the countries in the region. I made my first trip there soon after I took the job, and it really opened...
write a summary after that answer the questions CASE 3.3 United Way of America In 1887,...
write a summary after that answer the
questions
CASE 3.3 United Way of America In 1887, several of Denver's community and religious leaders established the Charity Organization Society. During its first year of operation, the organization raised a little more than $20,000, which it then distributed to several local charities. The charity-of-charities fundraising concept spread across the United States over the fol- lowing decades. After several name changes, the original Denver-based organization adopted the name United Way in 1963. United...
A government might choose to implement a price floor to O A. keep specific prices up. O B. satisfy notions of equity. O c. give into powerful political groups. OD. All of the above have served as motivations. Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200...
2) compute contribution margin for each channel
3) compute break even point (in terms of number of orders and
dollars) for each distribution channel
(HINT - Fixed costs are all trade show expenses. Use
depreciation for the booth as a fixed cost. The booth cost should
be considered an investment not a fixed cost)
4) Calculate the number of orders at a target profit of
$100,000
5) Calculate the profitability for both the low and high order
estimates
We were...
write a summary after that answer the
questions
CASE 3.3 United Way of America In 1887, several of Denver's community and religious leaders established the Charity Organization Society. During its first year of operation, the organization raised a little more than $20,000, which it then distributed to several local charities. The charity-of-charities fundraising concept spread across the United States over the fol- lowing decades. After several name changes, the original Denver-based organization adopted the name United Way in 1963. United...
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