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GB 540 Unit 1 Discussion 1 A fundamental assumption for economic analysis is that economic agents, be it an individual, a household or a firm/business, tend to make choices and select alternatives rationally. The rational economic choice (decision) implies that people are driven by the rational pursuit of self-interest, and engaged in economic decisionsto maximize this self-interest. By rational economic choice, economists mean that people tr ...

Other / Other 14 Jun 2016

GB 540 Unit 2 Discussion 1 The law of demand states that a fall in the price of a good raises the quantity demanded, and the increase in price leads to a decrease in quantity demanded. The price elasticity of demand measures the responsiveness of the quantity demanded to a change in price. Demand for a good is said to be elastic if the quantity demanded responds substantially to changes in the price, and the percentage change in quantity deman ...

Other / Other 14 Jun 2016

GB 531 Unit 6 Discussion 1 What are the responsibilities of advertising from a social perspective, a legal perspective, and an economic perspective? Within your response, include a quote from your textbook. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 14 Jun 2016

GB 540 Unit 4 Discussion 1 There are a number of economic and non-economic factors that affect long-run economic growth of countries. Among these factors, roles of physical capital, human capital, technology, and natural resources in influencing long-run economic growth of aggregate output per capita are widely discussed. Governments also play their roles in promoting and sustaining long-run economic growth of countries. Empirical studies ind ...

Other / Other 14 Jun 2016

GB 540 Unit 3 Discussion 1 One of the main principles behind mainstream, neoclassical economic theory is that individuals act to optimize their own utility. Utility is generally defined as a satisfaction (pleasure) that an individual derives from consuming or using a specific good or service. One of the most interesting areas in utility theory is the paradox of value. There is a paradox of value due to the fact that absolute necessities such a ...

Other / Other 14 Jun 2016

GB 531 Unit 2 Learning Journal In this week’s Journal, describe how you go about promoting/advertising yourself. We use terms such as “targeting” and “positioning” in both marketing and in advertising. Reflect on how you would utilize those practices when trying to move up in the field you are in or when trying to get a better job in another type of business. Requirements:Your reflective Journal article should c ...

Other / Other 14 Jun 2016

GB 531 Unit 3 Learning Journal In this week’s Journal, reflect on the future of advertising in traditional media such as newspapers, television, and radio. Do you think there is still a place for advertising in such media? If you ran a small business (25 employees or less), would you advertise in these media or would you choose social media which may be less expensive but perhaps not as targeted? Requirements:Your reflective Journal ar ...

Other / Other 14 Jun 2016

GB 540 Unit 1 Discussion 3 The concept of rational action is a frontier of economic theory. Accordingly, traditional economics holds that humans, as rational beings, make rational economic choices to maximize their economic welfare as pursuit of self-interests. Thus Economics assumes that human economic behavior reflects rational self-interest. But some economists argue that rationality has its bounds since many human behaviors do not appear ...

Other / Other 14 Jun 2016

GB 531 Unit 1 Discussion 1 Can advertising be successful in an economy in which demand is greater than supply? What are the pros and cons of using advertising instead of other marketing methods? Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 14 Jun 2016

GB 531 Unit 3 Discussion 1 Should companies use advertising agencies or do their own advertising? Support your position. Within your response, include a relevant quote from your textbook. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help ...

Other / Other 14 Jun 2016