The XYZ company is a producer of dishwashers. The company’s marketing department has estimated the following demand curve for the company’s best-selling model in one of its regions. Q = 2000-4P+6A+5l+5Pc – 4Ac Where Q = Number of dishwashers demanded P = $600; Price of dishwashers A = $150; Advertising expenditures (thousands) I = $50; GDP per capita (thousands) PC = $500; Competitor’s price AC = $200; Competitor’s advertising expenditures (thousands) a. Calculate the amount demanded for this product using the information given above. b. Plot the demand curve with P on the vertical axis and Q on the horizontal axis. c. Calculate the price to sell 3450 units. d. What would be the effect on the sales of dishwashers if the competitor reduces price by $50? What should be the change in P to offset the decrease in PC ? e. In response to competitor’s strategy of reducing PC , what else can the company do to keep sales at the same level if it does not want to change P ? (Base your answer on the information given above.) f. If the government increases the sales tax by 1 percent, what will be the sale price of dishwashers after the tax (assume that the elasticity of demand is equal to the elasticity of supply in absolute value).
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Inflation foreign investments
Answer:
An attribution is <u>the way where by we link up behavior of a person to the cause of that behavior.</u> .The type of attribution based on personal characteristics is called a <u>INTERNA</u><u>L</u> attribution while an attribution based on the situation is called an <u>EXTERNAL</u> attribution.
Explanation:
Attribution has to do with the inferences individuals make about a particular behavior and the causes. Making attributions enable one to have more meaning about the experience that has occurred.
INTERNAL ATTRIBUTION: is the type of attribution that is based on whether the individual behavior is as a result of the personal factors of the person. Such factors can include traits, personality or effort.
EXTERNAL ATTRIBUTION: that the behavior of a person is as result of external factors that are foreign to the individual who perform the act.
In international trade, an exchange rate is a number that is used to show the value of one currency compared to another.
