ECO102H1 Lecture 3: ECO102 Lec03

Explain why you tend to find more shirking, more corruption, and more inefficiency in government than you do in large firms.

1.A rightward shift of the AD curve in the very flat part of the short-run AS curve will:

a.increase real output by more than the price level.

b.increase the price level by more than real output.

c.reduce real output by more than the price level.

d.reduce the price level price by more than real output.

Marketing: What can I comment on this post?

Shoppers are always being affected by company marketing. Based on intrinsic behavioral biases there are always campaigned that target the psychological, behavioral, and demographic segmentation in advertisements.

Marketers can use the data they find from behavioral biases research to plan more effective advertisements to make customers buy more. The intrinsic value is more based on utility and follow trends in personal belief and lifestyle.

If marketers use these processes they will get more business from customers and customers will get more value from business.

I have seen this in affect in Amazon, Facebook, Walmart, and other stores.