Answer:
A. Comcast should produce 6 units in the short run and shut down in the long run.
Explanation:
Comcast in operating cable business. The government of Philadelphia has imposed a tax of $99 every month. Comcast should produce 6 units in the short run. This will minimize it total cost and the company will be able to continue its operation in the short run. If the taxes persist in the long run then the company will go towards shut down.
Answer:
A) Apple
Explanation:
Price elasticity describes how sensitive the demand for a product is a result of a change in price. A product is price elastic if a small change in price causes a big difference in its demand. A Product is price inelastic if a change in price does not create a significant change in its demand.
Apples will be more price elastic. Apple is fruit has may alternatives. As a fruit, apple competes with many others. A small increase in price will make consumers consider other fruits. If the price decreases, then the demand is likely to rise.
Water and gasoline are necessary goods. We need them for survival. An increase or decrease in price will have minimal changes in demand. Jewellery are luxury goods. They are bought for their value and worth. Changes in price will not affect their demand.
Answer:
Republican’s opposite ideology to the democrat’s was the principal reason why there were objections about the "stimulus packages".
Explanation:
Voting against the stimulus was an overall winning and correct way of managing their position in the situation, if the package succeded reviving the economy, it won’t be in short term as it would be expected and demanded by the majority of the population since there was a major amount of money invested ($580 Billion) in this stimulus and if it failed they would have had the winning side of the argument and say a big “I told you so” to the democrats.
Also, the opposite votes promoted by the republicans was their way of showing unity, discipline and loyalty to their party, and how they cannot be persuaded by charm and show skepticism instead about such a proposal made by their rival party.
How involved the corporation is in the running of a franchise is determined by
A the franchise agreement.
B. the franchise owner.
c. the customers.
D.other franchises.
Answer.
A the franchise agreement
The full form is collateralized debt obligation