Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Do you think consumers make purchasing decisions based on general rules of thumb instead of price? Why would consumers do this? What implication might this have for the conclusions drawn about markets? (Post-Keynesian).

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91223252

Have any Question?


Related Questions in Microeconomics

Question have increases in food prices had an impact on you

Question: Have increases in food prices had an impact on you and your family? How much do you spend on food each week? How about each month? How does that compare with what you were spending on food each month a year ago ...

Question a commercial real estate developer plans to borrow

Question: A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The developer plans to get a loan that will be repaid with uniform payments of exist400,000 ...

Question you and your friend have opened an account on

Question: You and your friend have opened an account on E-Trade and have each decided to select five similar companies in which to invest. You are diligent in monitoring your selections, tracking prices, current events, ...

Question suppose two countries portugal and spain each

Question: Suppose two countries, Portugal and Spain, each produce flowers and clocks. Assume that land is an input specific to flowers and capital is an input specific to clocks. Labor is free to move between the two ind ...

Question 1 suggest two regulations that the reserve bank of

Question: 1. Suggest two regulations that the Reserve Bank of New Zealand could introduce to reduce the risk of asset price bubbles in the future. 2. Write a note on the prospects for economic growth in New Zealand for t ...

Question a total of 59 percent of the prime time viewing

Question: A total of 5.9 percent of the prime time viewing audience watched shows on ABC, 7.6 percent watched shows on CBS, 5.5 percent on Fox, 6.0 percent on NBC, 2.0 percent on Warner Brothers, and 2.2 percent on UPN. ...

Question 1 suppose demand and supply have constant

Question: 1. Suppose demand and supply have constant elasticity equal to 3. What happens to equilibruim price and quantity when the demand increases by 3% and supplu decreases by 3%? 2. Show that elasticity can be expres ...

Problem consider the following production function fk l 2k

Problem: Consider the following production function f(K, L) = 2K + 3L. Suppose w is the wage paid for each unit of labor, and r is the capital return. a) What kind of returns to scale has this production function? b) Sol ...

Question an electric generator was purchased for 15000 use

Question: An electric generator was purchased for $15,000. Use the sum-of-years digits (SOYD) depreciation accounting method with a $2,000 salvage value and a 10-year depreciation life. Develop a depreciation schedule fo ...

Choose five concepts that characterize a price floor

Choose five concepts that characterize a price floor. Maximum legal price set by government Allocative inefficiency arises Minimum legal price set by government Permanent shortage results Price below equilibrium price Pe ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As