MBAF-504-TEAM-PROJECT
.odt
keyboard_arrow_up
School
University Canada West *
*We aren’t endorsed by this school
Course
620
Subject
Economics
Date
Feb 20, 2024
Type
odt
Pages
12
Uploaded by SargentEmu3056
MBAF 504-F29: BUSINESS ECONOMICS
University Canada West
Professor, Mukhtar Tabari
12
th
November 2022
TEAM PROJECT 1: Analysis of Netflix Business Model using Microeconomics Principles
Team C
Christiana Ilechukwu A (2219747)
Kapil Thukral (2211430)
Mahagammulle Gamage Piyumi Nisansala Wickramasinghe (2200845)
Juan Gutierrez (2205749)
Chiazoka Chidubem(2218529)
Chiamaka Angel Aja-Eze (2200403)
Dimpy Dhamija (2210564)
Analysis of Netflix Business Model using Microeconomics Principles
------------------------------------------------------------------------------------------------------------------------------
Abstract
The purpose of this paper is to research and identify how Netflix utilizes components of
microeconomics like supply and demand, to help achieve their business goals by increasing
subscribers and generating revenue for the company. At the same time, the research paper
demonstrates the behaviors of long- and short-run cost curves and their impact on subscriptions
by examining recent events that has caused the company’s subscription rise and analyzing how
the competing firms have been performing to surpass the market dominance Netflix has
acquired over the years.
Introduction
Netflix, which was once a DVD distributor, has now become the world’s leading streaming
entertainment service with about 223 million paid subscribers in more than 190 countries around
the globe. The marketing techniques and the user interface of Netflix have revolutionized how
people watch TV. Although, their unique advertising strategies like ‘Netflix and Chill’ has brought
a great deal of attention to this video streaming platform to attract more consumers. Other
similar streaming platforms like Disney Hotstar, Hulu, HBO, Amazon prime video, Showmax,
etc. have also been racing to compete and chip away at the subscribers by offering similar
services at lower prices (CNBC,2022)
. All of these affected the major loss in subscribers, and
their stock dropped drastically in April 2022. But now, it looks like the company is bouncing back
and is ready to get out of the dark cloud after months as in the recently announced to have
added 2.4 million subscribers in the 3
d
quarter of the year which may be the result of their
aggressive approach towards adding latest hits on the platform for streaming. Which even
overshadowed the fact that they had already increased the prices of subscriptions earlier this
year.
Demand and supply curves to examine Netflix business model
Netflix, an American subscription-based streaming service company, provides exclusive content
which no other platform or website is legally allowed to post. As a result, people who want to
watch this hyped content are inclined to buy a subscription. This indicates that a streaming
platform’s market performance is majorly dependent upon the content they accommodate and
advertising, which is their supply, in this case, the subscribers that are attracted towards buying
their services, generate an increased demand in this market if the platform’s content is desirable
Thus, demand and supply play a vital role in determining the market price and quantity through
the interaction of buyers and sellers.
According to the article, in the third quarter of 2022, Netflix added 2.4 million subscribers
increasing its subscription band from 220 million to 223 million subscribers. This was followed
after they lost some subscribers due to an increase in the price. Below is the subscriber’s trend
analysis from Q4 2019 to Q3 2022 using the demand and supply curve. CASE1
Due to the increase in covid 19 cases, many restrictions were imposed worldwide. A complete lockdown was implemented in various counties. Effect
Due to the lockdown, people were isolated in their homes, disconnected from their social life.
So, for many people, the most plausible way to get rid of their boredom is by streaming movies
and web shows online. Thus, it impacted Netflix positively as it experienced a hike in
subscribers from 167.09 to 192.95 million subscribers (approx. 25.86 Mn subscribers). Before
covid, Netflix’s subscription was more like a luxury service, but now, it is a necessity due to
safety and security reasons. People prefer to watch movies in their own personal space and
time with their family. So, the demand curve shifted to the right, and supply was not affected
because all the production houses were also closed during that time. The new equilibrium point
moved rightward with both increase in price and quantity. CASE 2
In January, Netflix hiked the prices of their plan in the USA and Canada. Effect:
The increase in the prices of all the plans seems to be a shocking decision by the company as
many subscribers started to get double-minded about whether they should continue with the
subscription as the competitors have a lower price. So, the demand curve will shift leftward. And
the impact was seen in Q1 of 2022 as the subscribers fell by 200,000. At the same time, there
was a rise in subscribers of Hotstar by 7,900,000 during that time. In the case of supply, it will
remain the same as the price change will not affect it (Caporaso, 2014).
CASE 3
In quarter 3 of 2022, Netflix launched new seasons of the most popular web series, Stranger
Things, All of us are dead, and the movies such as The Gray man, purple heart, etc.
(Whitten,2022)
Effects:
Netflix added a bunch of movies and tv shows in Q2 2022, which was highly successful. Thus,
the supply curve will shift rightward. They now have a total of 3600 movies and 1800 tv shows.
Also, the addition of new shows and films attracted a lot of customers in the market. Hence the
number of subscribers increased from 220.6 million in Q2 to 223 million in Q3 with 2.4 million
new subscribers. Hence the demand curve shifted rightward as well.
CASE 4
Netflix is planning to launch a new ad-supportive basic plan. This plan is $6.99, which is $3
cheaper than the basic plan. The only difference between this and the basic plan is that the
viewers would get 4-5 minutes of ad per hour. Although in its first phase it will be launched in
only 12 countries.
Effects:
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
BY ORDER OF
3D OF EDUCATION
OHIO VALLEY BA
ESTABLISHED 1872
GALLIPOLIS, OH 45631
Chapter 13 Homework
Mind Tap - Cengage Learn X Login
PE
https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5673662497656845426545868453&elSBN 9781337096577&id=2159754147&sn...
«
CENGAGE MINDTAP
Chapter 13 Homework
New tab
rudis omni impact knee p X
You Left Item(s) in Cart.
x +
Σ=
Q Search this course
i
X
In the following table, complete the marginal cost, average variable cost, and average total cost columns.
Quantity
(Vats of juice)
0
(Dollars)
Variable Cost Total Cost Marginal Cost
(Dollars)
(Dollars)
Average Variable Cost
(Dollars)
Average Total Cost
(Dollars)
0
30
8
38
2
18
48
3456
30
60
50
80
80
110
AAAAAA
120
150
A-Z
S
ccess
ccess
On the following graph, use the orange points (square symbol) to plot the marginal-cost curve for Eric's Juice Bar. (Note: Be sure to plot from left to
right and to plot between integers. For example, if the marginal cost of increasing production from 1 vat of…
arrow_forward
Specific Subject: Microeconomics - Cost Functions
Complete the following attached table, assuming that P = 100
arrow_forward
MindTap-Cengage Learning X
/static/nb/ui/evo/index.html?deploymentld-58326557198082800211662038eISBN=9781337914413&nbld-3236996&snapshotld-3236996&id=16:
Courses
My Drive - Google...MyHarper | Students
CENGAGE MINDTAP
Aplia Homework: Demand, Supply, and Markets
WAGE (Dollars per hour)
20
18
16
14
12
10
8
6
4
2
0
X
0
•
I
Supply
I
I T Demand
I I
II I
|| 1
50 100 150 200 250 300 350 400 450 500
LABOR (Thousands of workers)
In this market, the equilibrium hourly wage is S
H
Graph Input Tool
Market for Labor in the Fast Food Industry
Chapter 4 HW Flashcards | Quizle X +
Wage
(Dollars per hour)
Labor Demanded
(Thousands of
workers)
and the equilibrium quantity of labor is
Search L pe
U
8
8
Suppose a senator introduces a bill to legislate a minimum hourly wage of $8. This type of price control is called a
300
Labor Supplied
(Thousands of
workers)
thousand workers.
O
3
D
200
arrow_forward
Question (2): Solve the following problem:
Hussein Plastics produces plastic containers for use in the food packaging industry. Last year its
average monthly production included 20 000 containers produced using one shift five days a week
with an eight -hour -a -day operation. Of the items produced 15% were deemed defective.
Recently, Hussein plastics has implemented new production methods and a new quality
improvement program. Its monthly production has increased to 25000 containers with 9 percent
defective.
(a) Compute productivity for the old and new production system per month.
(b) Compare the changes in productivity between the two production systems.
arrow_forward
ework (Ch 09)
4.00
3.50
Monopoly Outcome
3.00
ATC
2.50
Profit
2.00
1.50
Loss
MC
1.00
K 0.50
D
2.0
QUANTITY OF OUTPUT (Thousands of cans of beer)
0.5
1.0
1.5
2.5
3.0
35
4.0
Suppose that BYOB charges $2.75 per can. Your friend Musashi says that since BYOB is a monopoly with market power, it should charge a higher p
of $3.00 per can because this will increase BYOB's profit.
Complete the following table to determine whether Musashi is correct. If BYOB is suffering a loss, enter a negative value for profit.
Price
(Dollarc nor can)
Quantity Demanded
Total Revenue
Total Cost
Profit
nollare)
nallare)
IDallare-1
17 +
ho.
144
DII
DDI
&
*
5.
6.
7.
8.
ba
R
PRICE AND COST PER UNIT (Dollars per can)
arrow_forward
Direction: Explain the PEST ANALYSISPolitical:Economic:Social:Technological:(please do not copy answers on the internet, thank you)
arrow_forward
8:49
il LTE
https://undergrad.unilus.app/pluginfile... O
...
Combination 2
Combination 3
Country B
Efficient
Attainable Unattainable
Inefficient
Combination 1
K
M
N
Combination 2
R
Combination 3
T
U
(22 Marks)
b) Which country has an absolute advantage in production of wine? Justify your
answer with empirical evidence.
(2 Marks)
c) Which country has an absolute advantage in the production of clothes? Justify
your answer with empirical evidence.
(2 Marks)
d) Which country has a comparative advantage in the production of wine? Justify
your answer with empirical evidence.
(4 Marks)
e) Which country has a comparative advantage in the production of clothes?
Justify your answer with empirical evidence.
(4 Marks)
f) If both countries specialize in the production of the item they are good at,
draw the PPF for the condition where trade can take place.
(6 Marks)
(TOTAL: 40 MARKS)
arrow_forward
COVID-19 and the Economy The rapid spread of the coronavirus across the world has rendered a large proportion of the workforce unable to commute to work, to reduce the spread of the virus. This has resulted in both employers and employees seeking alternative work arrangements. Many companies have shifted to remote work, with video calls and instant messaging replacing meetings. In other words, most if not all workers have experienced work from home. Hence, working remotely has become a priority for most governments and companies in the time the pandemic. In a well-organized four-paragraph effect essay, discuss two effects COVID-19 has had employees, employers, or the economy as a result of working from home.Choose ONLY ONE prompt and develop it into an essay with an Introduction, TWO Body Paragraphs, and a Conelusion. Pls i need help
arrow_forward
T
TEMPLE
templeuinstructure.com/courses/143265/es/20078282?module_item_id=6637001
LA-ECON-3501-001-16002-202436 > Files P53e.doc
Home
Discussions
PS3e.doc
Download PS3e.doc (356 KB)
Grades
People
Syllabus
Modules
Library
Collaborations
Panopto Video
Poll Everywhere
Attendance
Zoom
19. Water shops at Big Train
where the clothing price.
Pc-$20anicle, is the same
no matter how many articles
are purchased. Food, however,
is $20 lb. for the first five
pounds and then 561b.
thereafter.
•Previous
24 A
C. Unusual Budget Lines
The consumers below all live in Johnson City and spend $160/week on clothing
(C) and food (F) combined. Both are continuous goods. The consumers patronize
different stores, however, and therefore face different pricing structures. Plot the
appropriate budget line in each case, being sure to label and number the axes. Put F on
the horizontal axis. In all cases, the relationships have shapes different from the one in
the canonical model presented in class. (Hint: Check your…
arrow_forward
Research topic: How leadership can positively influence organizational performance.
arrow_forward
ich of the following internal factors can expand existing challenges or simply add more constraints to an organization's selection strategy?
Multiple Choice
labour market realities
organizational policies
organization's life cycle stage
job requirements
calibre of employees
arrow_forward
Need help with this one.
arrow_forward
EM.19
Billy is an economics student and can use a practice exam to test his knowledge. After one hour of studying, he scores 50% on the exam. After two hours, he scores 75%. After three hours, he scores 85%. After four hours, he scores 90%. What economic concept is most clearly illustrated here?
a
diminishing marginal returns
b
worker fatigue
c
input inefficiency
d
opportunity cost
arrow_forward
Microeconomic Question
(c) Use well labelled diagrams to show how production isoquant can be used to explain:
i) Increasing returns to scale.
ii) Constant returns to scale, and
iii) Decreasing returns to scale
arrow_forward
Subject : Literacy in English
Revise the following thesis statements so they become thesis statements appropriate for agumentative essays :
Total revenue of Bitcoin and Ethereum miners fell sharply in June compared to May 2021
arrow_forward
How do personal issues affect an entrepreneur's business?(please short answer)
arrow_forward
riants/950245/take/20/
MULTIPLE CHOICE
Question 19
Many countries around the world have started making the move from
a command economy to a free market economy in recent years. One
of the biggest challenges for these countries is the transition from
state-owned enterprises to those owned by individuals or organiza-
tions other than the state. What is this transition called?
A
B
C
D
sole proprietorship
business structure
public enterprise
privatization
ó ó ó o ó ó ó ó o o ó ó ó ó ó ŏ čŏ ● ¤ 9 Sanges Saved
of 21 Total Questions Answered
<
☆
Continue
arrow_forward
Please answer the question at the bottom about the four hours of study time.
arrow_forward
* MindTap - Cengage Learning
D ) (4) lofi hip hop radio - beats X
g.cengage.com/static/nb/ui/evo/index.html?deploymentld=590512258542108435051542&elSBN=9780357114582&id=D1062959402.
5
* CENGAGE MINDTAP
Q Search this course
HW 6
20
A-Z
18
Stock DET
16
Ofice
14
12
Stock AIL
10
Stock INO
4
2
0.2
0.4
0.6
0.8 1.0 1.2
1.4
1.6
1.8
2.0
RISK (Beta)
A stock is in equilibrium if its required return
its expected return. In general, assume that markets and stocks are in equilibrium (or
fairly valued), but sometimes investors have different opinions about a stock's prospects and may think that a stock is out of equilibrium (either
undervalued or overvalued). Based on the analyst's expected return estimates, stock INO is
, stock AIL is in equilibrium, and
stock DET is
RATE OF RETURN (Percent)
arrow_forward
Economics
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Do not provide Excel Screet shot rather use tool table
Answer completely.
arrow_forward
cek 3 - Chapter 23
Interactive Book: Mea X
MindTap - Cengage L X
A Homework (Ch 23)
* MindTap - Cengage L x
n/static/nb/ui/evo/index.html?deploymentld%3D5981412232614779684085777463&elSBN=9780357133576&id=1316675399&snapshotld%=2635884&
CENGAGE MINDTAP
Q Searci
Homework (Ch 23)
Consider a simple economy that produces two goods: pens and muffins. The following table shows the prices and quantities of the goods over a three-
year period.
Pens
Muffins
Price
Quantity
Price
Quantity
Year
(Dollars per pen)
(Number of pens)
(Dollars per muffin)
(Number of muffins)
2018
1
150
160
2019
2
135
4
230
2020
110
4
165
Use the information from the preceding table to fill in the following table.
Nominal GDP
Real GDP
(Dollars)
(Base year 2018, dollars)
GDP Dėflator
Year
2018
2019
2020
72%
64°F Sunny
arrow_forward
3
Explain how economies of scale can be a barrier to entry.
Your initial post should be 3-4 paragraphs in length. Make sure to demonstrate critical thinking and analysis by using research. For full credit, include one journal article to support your pos
t.t.
arrow_forward
3b worksheet economics for the virtual enterprise answer key
arrow_forward
troduction to Functional Areas of Management Jan2020
Multinational firms often use Geographic Organisational Structures of departmentalisation to address cultural and legal differences in various countries.
Select one
O a True
b. False
arrow_forward
Typed plz please don't give me a AI solution I need quality solution please take care of plagiarism thanks
arrow_forward
Economics
British American Tobacco (BAT) runs the largest private sector run afforestation program in Bangladesh. BAT Bangladesh initiated its afforestation program in 1980 when the forest department called on the private sector to support its endeavor to conserve the forests. BAT has contributed around 110 million saplings to the country’s afforestation initiative over the last 4 decades. As a large corporation BAT pays a significant amount of corporate tax to Bangladesh Government; recognized as one of the highest income tax paying companies in the country for the tax year 2019-20 in the last five years, the company has deposited more than Tk3,600 crore as Income Tax and Tk88,000 crore as VAT, to the National Exchequer. BAT enjoys the status of being one of the most high profile companies that are doing business in Bangladesh.
a) Based on the above provide two reasons, with brief explanations, as to why BAT was involved in the afforestation program?
arrow_forward
Learning Task 7: Read and analyze the texts below. In your notebook,
write its connection to your personal experiences, to your community, or to
the world by completing the table below.
The Global Pandemic
Recently, the globe was alarmed with the outbreak of the new
Corona Virus, known as COVID-19. This posed alarm to all the
inhabitants of the earth.
At present, it continues to affect millions of people weakening
their immune system. No vaccine is yet discovered so people are
advised to stay indoor and observe minimum health protocols set by
the World Health Organization (WHO).
This doesn't only affect people's health but so with great
countries
economic
losses
among
the
it hits resulting to
unemployment, hunger, death toll and increase in prices of prime
commodities making humans to suffer.
What is the selection's connection to:
Me?
My Community?
The World?
arrow_forward
Q 7
arrow_forward
COVID-19 Lockdown Price FreezeYou have been appointed as the Marketing Manager of Makro, Massmart CEO Mitchell Slape hasassigned you tasks and requires you to write a report that will be presented at the next Massmart Boardmeeting. You are encouraged to conduct further research on the company.Background issues1Massmart . is a South African firm that owns local brands such as Game, Makro, Builder's Warehouse,Cambridge Food and Cash & Carry stores.2Massmart announces a price freeze in all their brands for the duration of the 21-day nationwidelockdown. This will involve. suspending price adjustments that were scheduled, as part of the normalcourse of business, before the lockdown was announced. Fresh produce, which is procured daily fromfresh produce markets around the country, is the only category that is not included in this announcement.3Commenting on the decision, Massmart CEO Mitchell Slape said: “This is an unprecedented time forSouth Africa and the. world. As we all come to…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education
Related Questions
- BY ORDER OF 3D OF EDUCATION OHIO VALLEY BA ESTABLISHED 1872 GALLIPOLIS, OH 45631 Chapter 13 Homework Mind Tap - Cengage Learn X Login PE https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=5673662497656845426545868453&elSBN 9781337096577&id=2159754147&sn... « CENGAGE MINDTAP Chapter 13 Homework New tab rudis omni impact knee p X You Left Item(s) in Cart. x + Σ= Q Search this course i X In the following table, complete the marginal cost, average variable cost, and average total cost columns. Quantity (Vats of juice) 0 (Dollars) Variable Cost Total Cost Marginal Cost (Dollars) (Dollars) Average Variable Cost (Dollars) Average Total Cost (Dollars) 0 30 8 38 2 18 48 3456 30 60 50 80 80 110 AAAAAA 120 150 A-Z S ccess ccess On the following graph, use the orange points (square symbol) to plot the marginal-cost curve for Eric's Juice Bar. (Note: Be sure to plot from left to right and to plot between integers. For example, if the marginal cost of increasing production from 1 vat of…arrow_forwardSpecific Subject: Microeconomics - Cost Functions Complete the following attached table, assuming that P = 100arrow_forwardMindTap-Cengage Learning X /static/nb/ui/evo/index.html?deploymentld-58326557198082800211662038eISBN=9781337914413&nbld-3236996&snapshotld-3236996&id=16: Courses My Drive - Google...MyHarper | Students CENGAGE MINDTAP Aplia Homework: Demand, Supply, and Markets WAGE (Dollars per hour) 20 18 16 14 12 10 8 6 4 2 0 X 0 • I Supply I I T Demand I I II I || 1 50 100 150 200 250 300 350 400 450 500 LABOR (Thousands of workers) In this market, the equilibrium hourly wage is S H Graph Input Tool Market for Labor in the Fast Food Industry Chapter 4 HW Flashcards | Quizle X + Wage (Dollars per hour) Labor Demanded (Thousands of workers) and the equilibrium quantity of labor is Search L pe U 8 8 Suppose a senator introduces a bill to legislate a minimum hourly wage of $8. This type of price control is called a 300 Labor Supplied (Thousands of workers) thousand workers. O 3 D 200arrow_forward
- Question (2): Solve the following problem: Hussein Plastics produces plastic containers for use in the food packaging industry. Last year its average monthly production included 20 000 containers produced using one shift five days a week with an eight -hour -a -day operation. Of the items produced 15% were deemed defective. Recently, Hussein plastics has implemented new production methods and a new quality improvement program. Its monthly production has increased to 25000 containers with 9 percent defective. (a) Compute productivity for the old and new production system per month. (b) Compare the changes in productivity between the two production systems.arrow_forwardework (Ch 09) 4.00 3.50 Monopoly Outcome 3.00 ATC 2.50 Profit 2.00 1.50 Loss MC 1.00 K 0.50 D 2.0 QUANTITY OF OUTPUT (Thousands of cans of beer) 0.5 1.0 1.5 2.5 3.0 35 4.0 Suppose that BYOB charges $2.75 per can. Your friend Musashi says that since BYOB is a monopoly with market power, it should charge a higher p of $3.00 per can because this will increase BYOB's profit. Complete the following table to determine whether Musashi is correct. If BYOB is suffering a loss, enter a negative value for profit. Price (Dollarc nor can) Quantity Demanded Total Revenue Total Cost Profit nollare) nallare) IDallare-1 17 + ho. 144 DII DDI & * 5. 6. 7. 8. ba R PRICE AND COST PER UNIT (Dollars per can)arrow_forwardDirection: Explain the PEST ANALYSISPolitical:Economic:Social:Technological:(please do not copy answers on the internet, thank you)arrow_forward
- 8:49 il LTE https://undergrad.unilus.app/pluginfile... O ... Combination 2 Combination 3 Country B Efficient Attainable Unattainable Inefficient Combination 1 K M N Combination 2 R Combination 3 T U (22 Marks) b) Which country has an absolute advantage in production of wine? Justify your answer with empirical evidence. (2 Marks) c) Which country has an absolute advantage in the production of clothes? Justify your answer with empirical evidence. (2 Marks) d) Which country has a comparative advantage in the production of wine? Justify your answer with empirical evidence. (4 Marks) e) Which country has a comparative advantage in the production of clothes? Justify your answer with empirical evidence. (4 Marks) f) If both countries specialize in the production of the item they are good at, draw the PPF for the condition where trade can take place. (6 Marks) (TOTAL: 40 MARKS)arrow_forwardCOVID-19 and the Economy The rapid spread of the coronavirus across the world has rendered a large proportion of the workforce unable to commute to work, to reduce the spread of the virus. This has resulted in both employers and employees seeking alternative work arrangements. Many companies have shifted to remote work, with video calls and instant messaging replacing meetings. In other words, most if not all workers have experienced work from home. Hence, working remotely has become a priority for most governments and companies in the time the pandemic. In a well-organized four-paragraph effect essay, discuss two effects COVID-19 has had employees, employers, or the economy as a result of working from home.Choose ONLY ONE prompt and develop it into an essay with an Introduction, TWO Body Paragraphs, and a Conelusion. Pls i need helparrow_forwardT TEMPLE templeuinstructure.com/courses/143265/es/20078282?module_item_id=6637001 LA-ECON-3501-001-16002-202436 > Files P53e.doc Home Discussions PS3e.doc Download PS3e.doc (356 KB) Grades People Syllabus Modules Library Collaborations Panopto Video Poll Everywhere Attendance Zoom 19. Water shops at Big Train where the clothing price. Pc-$20anicle, is the same no matter how many articles are purchased. Food, however, is $20 lb. for the first five pounds and then 561b. thereafter. •Previous 24 A C. Unusual Budget Lines The consumers below all live in Johnson City and spend $160/week on clothing (C) and food (F) combined. Both are continuous goods. The consumers patronize different stores, however, and therefore face different pricing structures. Plot the appropriate budget line in each case, being sure to label and number the axes. Put F on the horizontal axis. In all cases, the relationships have shapes different from the one in the canonical model presented in class. (Hint: Check your…arrow_forward
- Research topic: How leadership can positively influence organizational performance.arrow_forwardich of the following internal factors can expand existing challenges or simply add more constraints to an organization's selection strategy? Multiple Choice labour market realities organizational policies organization's life cycle stage job requirements calibre of employeesarrow_forwardNeed help with this one.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education
Principles of Economics (12th Edition)
Economics
ISBN:9780134078779
Author:Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:PEARSON
Engineering Economy (17th Edition)
Economics
ISBN:9780134870069
Author:William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:PEARSON
Principles of Economics (MindTap Course List)
Economics
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-...
Economics
ISBN:9781259290619
Author:Michael Baye, Jeff Prince
Publisher:McGraw-Hill Education