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Does humorous appeal work better than other appeals. Justify your answer by discussing an example of a local advertisement
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- True or False: Popular online publications that have no close substitutes will be more likely to be able to charge for those publications than will a local newspaperGive examples of tactics practiced by a buyer or seller that might be consideredunethical.Nestle baby formula is known for causing illness and infant deaths in poor communities in third world countries by promoting their infant formula products at the expense of breastfeeding. They have provided unethical marketing practices. Promotional campaigns of multinational corporations (MNCs) have exacerbated the problem of controlling the use of this potentially dangerous product by luring the consumer into the market.
- Advertsing is tasteless, offensive, and a nuisance that wastes resources. Give three arguments against this idea.The Able Manufacturing Company and Better Bettors, Inc. are rival firms in the production of a calculator used by horse racing fans for handicapping (determining betting strategies). Each firm has a fixed cost of $100 and a MC = $10 in producing calculators. The demand for the industry’s product is: Q = 900 – 5P, where P is the market price and Q = Q1 + Q2. If each firm must choose how many calculators to produce and sell without knowing of its rival’s production decision, what will be the Cournot equilibrium price and quantities produced? Calculate the profit for each firm.Which of the following statements about expenditures on advertising is true? If a firm knows its product is of low quality, it will be willing to spend large amounts of money on advertising. When a firm spends a small amount of money on advertising, this signals that the quality of the good is high. When a firm spends a large amount of money on advertising, advertising can be construed as a signal of quality. Read the following example and determine whether it illustrates a common critique or defense of advertising. Gilberto sees a commercial for a Brand X clothing company that depicts the wearers of the clothes out having a good time with friends. Although he doesn't particularly need new clothes, the commercial prompts him to buy a Brand X t-shirt. This illustrates a common of advertising.
- Explain Briefly with zero plagiarism In the selling process or in negotiations, who typically has the upper hand, the buyer or the seller?If you advertise and your rival advertises, you each will earn $5 million in profits. If neither of you advertises, you will each earn $10 million in profits. However, if one of you advertises and the other does not, the firm that advertises will earn $15 million and the non-advertising firm will earn $1 million. Which of the following is true? Multiple Choice A secure strategy for firm A is to not advertise. Firm A does not have a secure strategy. A secure strategy for firm B is to not advertise. None of the answers is correct.In any industry, what motivates potential rivals to enter the market? a.average profit b.high profits c.low profits d.profits
- Q52 Plaex Building Systems Inc., a startup firm based in Hampstead, New Brunswick, is a monopolist selling nine units of its output at a price of $50. If the marginal revenue of the tenth unit is $30, then the Multiple Choice price of the tenth unit is greater than $50. price of the tenth unit is $48. price of the tenth unit is $49. firm's demand curve cannot be specified. firm's demand curve is perfectly elastic.Justify the statement. True/False Collusion is beneficial for the supplier in the market.Which of the following is a method a incumbent's can use to make limit pricing a credible threat?A.Forming a cartel.B.Building up excess capacity.C.Pinky swearing.D.Corporate sabotage.
