Posted by admin | Posted in Log Cabins | Posted on 04-07-2012
Tags: log cabin minnesota, log cabin minnesota for sale, log cabin minnesota rent, log cabin minnesota rental, old log cabin minnesota
log cabin minnesota
Can you help me in Microeconomics?
I don’t understand how to answer these questions, can you please help me?
1.Normally, whenever a new video game console comes out, there is a shortage all over the United States. Graphically illustrate and fully explain where the shortage comes from, how the various roles of prices can come together to end the shortage, and why the final outcome is not necessarily the fairest outcome.
2.In the winter of 2006–2007, unusually cold weather led to a huge surplus of snowmobiles all over Minnesota. Fully explain how the surplus came about, how the “invisible hand” dealt with this surplus and provide a graph to illustrate your explanation.
3.Draw a graph illustrating what would happen in the market for log cabins if consumer income increased by 19% in Montana.
4.Draw a graph showing what would happen in the market for cat food if it were discovered that many brands of canned cat food, contained poison.
if you dont get any decent help, I will answer when I return from taking care of the dogs
oh my this simple and should only take a second, but when Im done, I hope that youll think that I was working on it the whole time.
for one, the shortage comes from the producers of the video game. having a shortage helps the producer to demand a higher price which in turn leads to greater profits for the firm and economic stability. producers have several dynamic and ever-changing strategies that help them to maximize profitability. everything from pricing strategies to the timely release of new products is incorporated by the firm to supply the market competitively and profitably to position the company for future growth, create value for shareholders, and provide consumers with a product they will want to repurchase again and again when we come out with the new 64. thats 64 hecta-bits! its a holographic, dual-chip processing mega-play gamer that costs 500, but does NOT come with any games or remote. you have to buy those seperately and they are NOT cheap! have fun, keep playing
for two, do you think that they are implying that it was too cold to even snowmobile? rational economic sense tells us that if cold weather struck typically warm climates, then that would lead to a shortage, not surplus, as consumers raced through the snow. if the cold weather did indeed lead to a surplus, then that must mean that it was too cold to even go outside, which means they stayed home and ran up higher energy costs. the cold-weather dividends then filter into the hands of energy shareholders, who make snowballs and throw them at us as they cruise by on their new gas-guzzling snowmobiles that they bought with their money!
for 3, that depends what they are living in now. if they are in the classical mud-huts, then demand will probably go through the roof! if they are in brick, then maybe theyll go for marble
4, that graph would just be blank, unless the cat has been sh*tting in the neighbor’s yard
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