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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C is the best answer choice
Answer:
no, because everyone is too poor to afford the American dream nowadays.
Answer:
The reason why the Founding Fathers created a six-year term limit for members of the Senate was:
B. So they could concentrate on the business of the government rather than reelection.
Explanation:
The idea behind the six-year term is stability, as was reasoned by James Madison. Senators could concentrate on doing their jobs instead of worrying about reelection very often. That would give them the chance to do a more stable job. Of course, to prevent Senators from losing touch with people and from becoming a way-too-powerful aristocracy, one-third of the Senators' terms would expire every two years, leaving two-thirds of the members in office.
