I want to start my own line of active wear and open up my own store. Obviously a business degree is a good path to go, however, I’m not sure I’d really like it. My university offers a Retail & Consumer Science degree- is this a good way to go? Or is this a bs [...]
I am a Psychology major at a CA state University and am interested in analyzing consumer behavior as a Consumer Psychologist. Which grad schools would provide a good education in this field? Any internship suggestions would also be much appreciated, thanks!
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Shouldn’t it be up to the consumer to freely make their own choice when it comes to a purchase? Or should the government be able to intervene…
If you believe the government should be able to intervene does this then assume the consumer is too foolish to make a choice for them self as a legal [...]
What happens to consumer surplus if the price of a good increases?
A. It increases
B. It decreases
C. It is unchanged
D. It may increase, decrease, or remain unchanged
B. It Decreases
To get a better understanding as to why this is compare it to buying something that you really want like a new car. Say there is [...]
* The probability that a consumer uses a plastic card when making a purchase is .37.
* Given that the consumer uses a plastic card, there is a .19 probability that the consumer is 18 to 24 years old.
* Given that the consumer uses a plastic card, there [...]
Just wondering your thoughts as to how we might increase consumer confidence and consumption and why you think your idea will work.
What are some short-term and long-term ways to approach this problem?
given the weak US job market, it may take some time for consumption to be resilient; consumer confidence is just an indicator showing that [...]
I want to shop for consumer electronics in India where I can buy real cheap. Would someone suggest me some good websites?
If you want to experience the wonderful online shopping, then you are easy to get access to world resource. Today’s world is showing what it owns before your eyes and there is no boundary [...]
The demand curve for product X is given by Qdx=460-4Px
1. How much consumer surplus do consumers receive when Px=$35?
The back of the book says the answer should be $12,800 but I don’t understand how to arrive at that answer.
2. In general, what happens to the level of consumer surplus as the price of a good [...]
How is wealth ultimately created? Would it matter whether one spent a dollar on bus fare, or a luxury watch? Or is the answer simply dependent upon which contributes more to overall investment in new technologies, efficiency, etc. (whatever drives wealth creation) - and this could be consumer spending or business resources.
Yes it [...]
How was the Opium war related to social and consumer trends in Britain?
What does this tell us about China’s shifting position in the global economy?
1st answer) Because China refused to fix the trade imbalance, Britain resorted to Opium. A highly addictive drug grown in North India. The grab for Opium in China soon increased dramatically. [...]